Recoshelf company logo
We empower retail to sell more with computer vision1-10 Employees
  • Early Stage
    Startup in initial stages
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We empower retail to sell more with computer vision
The empty shelf is a problem for retail that causes a loss of $1T globally. It has a negative effect on customer loyalty too: 30% of all buyers will go to another retailer.
Recoshelf has developed a simple shelf monitoring system: as stock drops, we inform responsible personnel. Also, we compare the price of the competition. We measure temperature to prevent the loss of products.
Technically, to recognize the products, we use a convolutional neural network. We train this network using the sample datasets. We need as little as 100 images to train the machine to reach 90% accuracy that is a competitive figure. Also, we use a simple IoT camera with low resolution that helps to limit data load and cut project costs. We charge $20 per smart camera that is our B2B SAAS service.
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Mykyta Holubakha
Avatar for Mykyta Holubakha
Experience with Python, C, C#, Rust. Loves to work with free software. Proficient and fast developer, who can familiarize himself with new technologies.
Yaroslav Parkhisenko
Avatar for Yaroslav Parkhisenko
Founder Recoshelf, @Ecodata • Worked at @Nokia, @UNDP. MSc (GIS systems), 20 years in IT and product management.
Valuation

$1M

Funded over

1 round

Latest round

Pre-Seed (Feb 2020)

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