# C2RO Cloud Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/c2ro-cloud-robotics

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.c2ro.com
- Total disclosed funding: $3.6M
- Latest round: Series A (Jun 26, 2019)
- Investors on record: 5

## About

C2RO Cloud Robotics Inc. specializes in advanced AI video analytics, providing innovative solutions that optimize labor, prevent theft, and enhance customer experiences in retail environments.Founded in 2016 and headquartered in Montreal, Canada, C2RO Cloud Robotics Inc. develops AI-driven video analytics solutions for the retail sector, particularly through its flagship product ENTERA™. The company has raised CAD 2.25 million in Series A funding as of June 26, 2019, led by Fonds Innovexport, with additional contributions from GCI Capital Markets, Harbor Street Ventures, Ministere de Economie et L’Innovation, and TandemLaunch. CEO Riccardo Badalone, who has experience in the tech industry, leads the firm as they have pursued three total funding deals.C2RO™ specializes in advanced AI video analytics, offering its flagship product, ENTERA™, designed for labor optimization, theft deterrence, and enhancing customer experience in large-scale retail environments. ENTERA™ utilizes biometric-free AI technology to provide deep behavioral insights, allowing retailers to optimize the entire customer journey from entry to checkout while ensuring compliance with global data privacy regulations, such as GDPR and PIPEDA. The solution uses AI-driven analytics and patented RFID fusion technology to detect fraud and theft in real-time across various retail sectors, including fashion, grocery, and fuel. C2RO™ markets its solutions primarily in North America and Europe, serving major retail chains, shopping malls, event venues, healthcare facilities, and smart cities.C2RO™ generates revenue through a structured model involving partnerships and subscription agreements with clients across multiple sectors. The company's offerings, particularly the ENTERA™ suite, are deployed on a subscription basis, allowing clients to integrate technology with existing security infrastructure while benefiting from ongoing support and updates. Revenue comes from both initial setup fees and continuous service subscriptions, primarily targeting business-to-business (B2B) transactions. C2RO™ has demonstrated its market presence in retail technology by providing solutions to major retailers and organizations that require sophisticated video analytics for operational efficiency and security enhancement.In June 2019, C2RO Cloud Robotics Inc. raised CAD 2.25 million in Series A funding, which will be utilized to expand product offerings and enhance technology development. The company plans to develop new features for its ENTERA™ product line and is targeting expansion into additional North American and European markets by 2022. This funding will support these initiatives and enable C2RO to address emerging needs in the retail sector as well as explore opportunities in new geographic regions.

## Funding rounds

- Series A, Jun 26, 2019, $1.7M — GCI Capital Markets, TandemLaunch, Fonds Innovexport, Harbor Street Ventures, Ministere de Economie et L’Innovation
- Seed, May 2, 2018, $1.1M — TandemLaunch, Fonds Innovexport, Harbor Street Ventures
- Seed, Oct 1, 2016, $0.8M — TandemLaunch

## Investors

- TandemLaunch (https://capitalatlas.ai/funds/tandemlaunch) — Seed, Series A
- Fonds Innovexport (https://capitalatlas.ai/funds/fonds-innovexport) — Seed, Series A
- Harbor Street Ventures (https://capitalatlas.ai/funds/harbor-street-ventures) — Seed, Series A
- GCI Capital Markets — Series A
- Ministere de Economie et L’Innovation — Series A