LOS ANGELES – October 25, 2018 – The Center for Advancing Retail & Technology (CART) today announced Bossa Nova Robotics the winner of the Fall 2018 CART Virtual Pitch Event. Bossa Nova’s solution, already being tested in Walmart and other stores, utilizes an in-store robot that scans shelves with computer vision to drastically reduce out of stocks, identify pricing issues, and misplaced products. The solution’s return on investment, supported by labor savings, reduced out of stocks, and increased sales, ultimately led the Pitch Event panelists representing over 18,000 retail stores to vote Bossa Nova Robotics the winner of the event. The event is in partnership with Winsight Grocery Business, presented by The NGA Show '19 and supported by ShoptoCook and AutoX.
“Emerging technologies are quickly moving to operationally and economically viable solutions,” said Sterling Hawkins, Operations and Venture Relations, CART. “We live in a world today where new technologies coming to market are quickly creating competitive advantages for those retailers that embrace them.”
Bossa Nova Robotics builds and manages cutting-edge robotics, deployed in-store to easily manage and notify stores of out of stocks situations. The robots self-navigate throughout the store and actually prioritize where to go in the store over time to surface realtime shelf conditions.
Three finalists are also announced as runners up in the event.
- SmartAisle: Bringing conversation commerce into stores with aisle you can talk to.
- Tastry: AI for identifying taste profiles and personalized food and beverage recommendations.
- Caper: Computer vision attached to shopping carts for checkout-less checkouts.
Final decisions were made by the CART Pitch Event panelists including major wholesalers wholesalers such as UNFI to retailers such as Woodman’s Market and Weis Market. “The retail industry uses the Retail Innovation Pitch Event to understand the pulse of innovation,” said Hawkins. “Bossa Nova brings together innovation in robotics, computer vision and AI making them the perfect winner.”
The Spring 2019 Retail Innovation Pitch Event will take place April 11, 2019. The competition will once again give participants exposure to countless retailers, potential investors and media. Participation is open to all retailers at no cost.
For more details and to register, please visit: http://www.advancingretail.org/innovation.