Focal Systems

Automates retail operations with AI technology

Menlo Park, California, United States

About Focal Systems

Focal Systems automates and optimizes retail operations for physical stores using artificial intelligence. Its main product, FocalOS, is an operating system that improves store management and inventory processes while increasing financial performance. FocalOS uses battery-powered, WiFi-enabled cameras to scan store shelves every hour, providing retailers with real-time data on inventory levels. This helps retailers manage stock more efficiently and quickly address supply issues. Unlike competitors, Focal Systems focuses specifically on the needs of brick-and-mortar retailers, offering both software and hardware solutions. The company's goal is to enhance operational efficiency and reduce labor costs for retailers, ultimately delivering significant value in the retail technology market.

Menlo Park, CaliforniaHeadquarters
2015Year Founded
$40.7MTotal Funding
SERIES_BCompany Stage
Consumer Software, AI & Machine LearningIndustries
51-200Employees

Benefits

Health Insurance
Paid Time Off
Education grants
Stock Options
Company Equity
Quarterly Team Retreats

Risks

Increased competition from other AI-driven retail startups could erode market share.
Rapid technological advancements may necessitate costly updates to FocalOS.
Potential data privacy concerns from in-store cameras could lead to regulatory scrutiny.

Differentiation

Focal Systems offers AI-driven solutions specifically for brick-and-mortar retail optimization.
Their flagship product, FocalOS, provides real-time, accurate shelf inventory data.
The company uses cost-effective, battery-powered cameras for continuous shelf monitoring.

Upsides

Focal Systems is expanding into the UK market amid high demand for AI solutions.
Partnerships with major retailers like Walmart and Piggly Wiggly enhance market credibility.
The collaboration with Pricer indicates a trend towards comprehensive AI retail solutions.

Funding

Total raised$40.68 M
Latest valuation$129.00 M
StageSERIES_B
EARLY VC
11/30/2019
$5
$24.00 M
$8
$42.50 M
CONVERTIBLE
9/30/2015
N/A