# AiFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aifi

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.aifi.com
- Total disclosed funding: $69M
- Latest round: Series B (Dec 31, 2021)
- Investors on record: 19

## About

AiFi Inc. specializes in Spatial Intelligence solutions, providing innovative products that automate retail environments and enhance customer experiences through advanced AI technologies.AiFi Inc. is a private technology company based in Santa Clara, US, founded in 2016. The company focuses on transforming the retail space with advanced AI, specializing in automated shopping environments. The firm has participated in four deals, with the most recent funding round occurring in December 2021. During this Series B round, AiFi raised USD 65.01 mn, led by Khaira Capital Inc. and involving several other notable investors. The CEO of AiFi is Steve Carlin, and the founder is Ying Zheng, who has a background in technology entrepreneurship.AiFi operates a Spatial Intelligence Platform offering products like AiFi Refresh, AiFi Build, and AiFi To-Go. These solutions optimize retail environments by automating processes and enhancing shopping experiences. AiFi Refresh retrofits existing stores, AiFi Build provides scalable solutions for new locations, and AiFi To-Go features portable stores that operate without staff. The company's clientele includes global brands such as the Chicago White Sox and Aldi, operating across North America and Europe in sectors including stadiums and travel retail.AiFi generates revenue primarily through partnerships and subscriptions, engaging in direct transactions with clients. The revenue model includes fixed fees and performance-based pricing aligned with the usage of its technology, allowing retailers to subscribe for ongoing access to real-time analytics and customer insights. This scalability in pricing supports AiFi's offerings, fundamentally driving client engagement and operational efficiency in retail environments.Following its latest funding round in December 2021, where AiFi raised USD 65.01 mn to expand its technical team and business partnerships, the company plans to develop new products aimed at further automating retail processes. AiFi is focusing on entering new markets, particularly in Europe and Asia, by 2023. The funding will support these initiatives, enhancing its ability to deliver innovative solutions in the ever-evolving retail landscape.

## Funding rounds

- Series B, Dec 31, 2021, $65M — TransLink Capital, Qualcomm Ventures, Zabka Polska sp. Z o. O., Verizon Ventures, Plum Alley, REWE, SeaX Ventures, Next Play Ventures, Reaction Fund, Neythri Futures Fund, Khaira Capital Inc., ALDI South Group
- Seed, Dec 1, 2016, $4M — Greylock Partners, Plug and Play, Amino Capital, Hongtai Aplus, Hone Capital, Stanford-StartX Fund, Oriza Ventures

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Amino Capital (https://capitalatlas.ai/funds/amino-capital) — Seed
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Seed
- Hone Capital — Seed
- Stanford-StartX Fund — Seed
- Oriza Ventures (https://capitalatlas.ai/funds/oriza-ventures) — Seed
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B
- Zabka Polska sp. Z o. O. — Series B
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series B
- Plum Alley (https://capitalatlas.ai/funds/plum-alley) — Series B
- REWE — Series B
- SeaX Ventures (https://capitalatlas.ai/funds/seax-ventures) — Series B
- Next Play Ventures (https://capitalatlas.ai/funds/next-play-ventures) — Series B
- Reaction Fund — Series B
- Neythri Futures Fund (https://capitalatlas.ai/funds/neythri-futures-fund) — Series B
- Khaira Capital Inc. — Series B
- ALDI South Group — Series B