London-based startup Neurolabs bags $7.8 million in funding for retail and CPG focused visual AI systems.
Neurolabs has raised $7.8 million in Series A funding, led by Nauta and joined by existing investors LAUNCHub, Lunar Ventures, and Techstart Ventures.
“We started Neurolabs to build the most comprehensive visual AI system for real-world challenges in retail and CPG. From warehouse picking to shelf monitoring in supermarkets, our AI is built to handle it all – accurately, reliably, and at scale,” said Paul Pop, Co-Founder and CEO.
“As the world is running out of data to train AI on, we’ve built the largest 3D model library of CPG products. This allows us to train our AI entirely in simulation, outperforming traditional computer vision approaches in the field.”
He added, “With this funding, we’re expanding across the UK, Europe, and the US, building toward full coverage of the retail shelf – over one million CPG products, end to end.”
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