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How Intelligent Video Analytics Transformed Retail Stores

Illustration: © IoT For AllThe retail landscape is changing like never before. Brick and mortar retailers face stiff, and what may seem like unfair, competition from online retail options. New-age shoppers are tech-savvy and store-smart, demanding more from each shopping spree. The prevalence of technology continues to grow and influence more aspects of shopping, offering personalized experiences to win over the loyalty of intelligent customers. Retail tech not only helps understand the customer better but also decipher the store’s shortcomings. It proposes solutions, reduces shrinking, and ensures greater ROI. This analysis is made possible with real-time intelligent video analytics ( …

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White-label SaaS shipping startup Outvio closes $3M round led by Change Ventures

Outvio, an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3 million early-stage financing round led by Change Ventures. Also participating were TMT Investments (London), Fresco Capital (San Francisco), and Lemonade Stand (Tallinn). Several angels also joined the round including James Berdigans (Printify) and Kristjan Vilosius (Katana MRP). This is the startup’s first institutional round of funding, after bootstrapping since 2018.
Online retailers usually have to use a number of different tools or hire expensive developers to create in-house shipping solutions. Outvio offers online stores of any …

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Acrew Capital, Jeff Bezos back Colombia-based proptech La Haus’ $100M debt, equity round

La Haus, which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing.
The new capital was obtained as an extension to the company’s Series B, the first tranche of which closed in January. With the latest infusion, Medellin, Colombia-based La Haus has now secured $135 million total for the round and over $158 million in funding since its 2017 inception.
San Francisco Bay Area venture firms Acrew Capital and Renegade Partners co-led the round, which also included participation from Jeff Bezos’ Bezos Expeditions, Endeavor …

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Simpson Thacher & Bartlett and Latham & Watkins were top M&A legal advisers by value and volume in retail sector for H1 2021, finds GlobalData

Simpson Thacher & Bartlett and Latham & Watkins were the top mergers and acquisitions (M&A) legal advisers in the retail sector for H1 2021 by value and volume, respectively. Simpson Thacher & Bartlett advised on seven deals worth US$13.5bn, which was the highest value among all the advisers. Meanwhile, Latham & Watkins led in volume terms having advised on ten deals worth US$9.4bn. A total of 972 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Retail M&A Report Legal Adviser League Tables H1 2021’, deal …

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Goldman Sachs and PwC were top M&A financial advisers by value and volume in retail sector for H1 2021, finds GlobalData

Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the retail sector for H1 2021 by value and volume, respectively. Goldman Sachs advised on eleven deals worth US$11.2bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on 13 deals worth US$2.8bn. A total of 972 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Retail M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased …

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SoftBank’s Humanoid Robot Pepper Can’t Hold a Job, Gets Shelved 

SoftBank has stopped production of its humanoid robot Pepper, after experiences showed that it had trouble holding a job. (Photo by Owen Beard on Unsplash)  
By John P. Desmond, Editor, AI Trends  
SoftBank has stopped production of its humanoid robot, named Pepper, and is downsizing its robotics staff from an acquisition in France.  
Some observers saw that in putting a human-looking robot on the market, SoftBank suggested that the robot could display more human intelligence than it was actually capable of, creating unreasonable expectations.   
Production of Pepper was stopped last year, according to a report from Reuters.   
SoftBank produced 27,000 units …

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Vaayu’s carbon tracking for retailers raises $1.6M, claims it could cut CO2 in half by 2030

Carbon tracking is very much the new hot thing in tech, and we’ve previously covered more generalist startups doing this at scale for companies, such as Plan A Earth out of Berlin.
But there’s clearly an opportunity to get deep into a vertical sector and tailor solutions to it.
That’s the plan of Vaayu, a carbon tracking platform aimed specifically at retailers. It has now raised $1.57 million in pre-seed funding in a round led by CapitalT. Several angels also took part, including Atomico’s Angel Program, Planet Positive LP, Saarbrücker 21, Expedite Ventures and NP-Hard Ventures.
Carbon tracking …

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Is the US labor shortage the big break AI needs?

Chetan Dube

Chetan Dube is the founder and CEO of Amelia, a former assistant professor at New York University and an expert on autonomics, cognitive computing and the future impact of a digital workforce.

The tectonic shifts to American culture and society due to the pandemic are far from over. One of the more glaring ones is that the U.S. labor market is going absolutely haywire.
Millions are unemployed, yet companies — from retail to customer service to airlines — can’t find enough workers. This perplexing paradox behind Uber price surges and waiting on an endless hold because your …

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Real Estate, Retail, Consumer Products, Hospitality | Day 3 | 2021 Leading Entrepreneurs of the World Conference

2021 LEW Conference | Day 3 | Wednesday, June 23

9:40 AM
The future of Collaboration
Matt Griffin, Founder & CEO, 311 Institute

10:00 AM
Unlock Your Potential
Beri Meric, Founder & CEO, IVY

10:20 AM
Towards Smart & Sustainable Cities
Dr. Henning Stein, Global Head of Thought Leadership, Invesco

10:40 AM
Emerging Building Technologies
Jeff Perlman, Founder & CEO, Bright Power

11:00 AM
Accelerating the Transition to Smart Buildings
Nik Patel, Co-founder & CTO, Cohesion

11:20 AM
Urban AgTech & Resilient Cities
Henry Gordon-Smith, Founder & CEO, Agritecture

11:40 AM
Brand intelligence Driving Consumer Engagement
Jon Harari, co-founder & CEO, WindowsWear

12:00 PM
Moving to Flex: CRE Trends and the Future of the Workspace
Josh Freed, CEO, Proximity

12:20 PM
The Digitization of Commercial Real Estate
Abby Murray, Co-founder & CEO, Mortarr

12:40 PM
Event Technology Going Hybrid
Pedro Góes, CEO, InEvent

1:00 PM
The Innovator's Secret Formula: Innovation, Disruption & Market Leadership in Consumer Products
Neil Kane, President, Illinois Partners

1:20 PM
The Future Is A Luxury: Translating Technology into Consumer Interest
Robert Hagemann, CMO, Aether Diamonds

1:40 PM
Smart Homes and the Digital Art Revolution
Rahul Ranjan, co-founder & CEO, Canvia

2:00 PM
The Last Mile in Real Estate: Unlocking Space and Time in the Hotel Industry
Yannis Moati, Founder & CEO, of Hotels By Day

2:20 PM
Following your Passion and Building a Wine Company
David Noto, Founder & CEO, Altaneve

2:40 PM
The Future of FoodTech: AI and Robotics Transforming the Food Industry
Massimo Noja De Marco, Founder & CEO, Piestro

3:00 PM
ECOrenaissance: Co-creating A Stylish, Sexy and Sustainable World
Marci Zaroff, Founder & CEO, ECOfashion Corp

3:20 PM
The Power of Storytelling: Why Brands Need to Tell a Story to Win
Jake Karls, Co-founder & Chief Rainmaker, Mid-Day Squares

3:40 PM
All the Rooms for Everyone: Market Intelligence and Smart Analytics Disrupting Short-Term Rentals
Joseph DiTomaso, Founder & CEO, Alltherooms

4:00 PM
Transforming the Construction Industry: Sustainable Homes for Everyone

Bec Chapin, Co-founder & CEO, NODE

4:20 PM
Culture as a Defining Factor of Brand Success and a Great Customer Experience
Shane Green, Co-founder & CEO, SGEi

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A look inside Google’s first store, opening in NYC’s Chelsea neighborhood tomorrow

There have been plenty of pop-ups over the years, but tomorrow Google’s first store opens in NYC’s Chelsea neighborhood. The brick and mortar model finds the company joining peers like Apple, Microsoft, Samsung and even Amazon, all of whom have a retail presence in Manhattan, including several just around the corner from Google’s new digs.
The new space, which opens tomorrow morning at 10 a.m. local time, fills 5,000 square feet of selling space in Google’s big, pricey West Side real estate investment. The retail location was previously occupied by a Post Office and Starbucks, which vacated …

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