# Reckon.ai

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

- Industry: Software
- Headquarters: Porto, Portugal
- Website: www.reckon.ai/
- Total disclosed funding: $7.8M
- Latest round: Series A (Jul 29, 2025)
- Investors on record: 7

## About

Reckon.ai offers innovative solutions focused on autonomous retail store operations, integrating advanced artificial intelligence to optimize inventory management, customer interactions, and payment processing in the retail sector.Reckon.ai was founded in 2017 in Porto, Portugal, and specializes in autonomous store operations utilizing advanced AI technologies.In July 2025, Reckon.ai raised EUR 5.1 million in series A funding led by new investor Iberis Capital, with participation from other new investors Alea Capital Partners and Touro Capital Partners. Other unspecified investors also participated in the round. Reckon.ai specializes in providing innovative solutions tailored for autonomous store operations. Their core offerings encompass advanced artificial intelligence technologies that facilitate automated inventory management, customer interaction, and payment processing. These solutions aim to optimize the shopping experience by enhancing efficiency and accuracy within retail environments, ultimately addressing the growing demand for seamless, technology-driven shopping experiences. The company’s products serve a diverse client base that includes retail chains, grocery stores, and convenience outlets across major metropolitan markets in North America and Europe. Reckon.ai’s revenue model is structured around B2B transactions, where retail partners engage with the company to implement their autonomous store solutions. This involves subscription agreements for ongoing access to software updates and support services, alongside potential one-time fees for hardware installations. Clients effectively become partners in utilizing the technology to enhance their operational capabilities, leading to improved customer satisfaction and reduced operational costs. The company's flagship offerings command premium pricing due to their sophisticated nature and the competitive edge they provide to retailers. The company will use the July 2025 funding to expand smart freezer deployments, grow its partner network, and support entry into EU and US retail markets.

## Funding rounds

- Series A, Jul 29, 2025, $6M — Iberis Capital, Touro Capital Partners, Alea Capital Partners
- Seed, Sep 7, 2021, $1.8M — Portugal Ventures, Armilar Venture Partners, Bright Pixel, WiseNext

## Investors

- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Seed
- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Seed
- Bright Pixel (https://capitalatlas.ai/funds/bright-pixel) — Seed
- WiseNext (https://capitalatlas.ai/funds/wisenext) — Seed
- Iberis Capital (https://capitalatlas.ai/funds/iberis-capital) — Series A
- Touro Capital Partners (https://capitalatlas.ai/funds/touro-capital-partners) — Series A
- Alea Capital Partners (https://capitalatlas.ai/funds/alea-capital-partners) — Series A