Caper Raises $10 Million In Series A Funding To Scale AI Checkout

by Alok Kumar

Caper, a provider of AI-powered autonomous checkout shopping carts, closed a $10 million in Series A funding round.

Lux Capital, a venture capital firm that invests in emerging science and technology startups, led the financing round with participation from the company’s seed investors, First Round Capital, Y Combinator, Hardware Club, Sidekick Fund, and FundersClub.

Red Apple Group, a well-known New York supermarket chain that operates Gristedes and D’Agostino, as well as other undisclosed strategic investors, also participated in the round. 

Caper is also planning commercial deployment of over 1,000 smart shopping carts in some of the largest grocery chains in North America. 

The new funds will be used to expand the team and fulfill its rollout pipelines with mega-retailers.

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