[TechUkraine news] Recoshelf raised 100 000 Euro investment

An Estonia-based startup with Ukrainian roots Recoshelf announces a 100 000 Euro investment from the Spanish venture capital firm “Think Bigger Capital”, an asset management company of Demium incubator.

Mykyta Holubakha, Recoshelf CTO:“With great support from our investors, mentors, and customers, we’ve built the unique “Rcam” AI solution. One of the recent achievements of our R&D team is reaching a 98% shelf objects recognition level that is nearly comparable to human. Actually, the machine acts like a digital eye that not only frees floor personnel from routine tasks but also cuts COVID risks.”

Recoshelf helps digitize retail trading floor operations with the use of IoT and AI, building an innovative “computer vision” solution for the rapidly changing retail sector.

  • Earlier, Recoshelf had managed to receive investments from Ukrainian Startup Fund.
  • Also, the company has become a finalist of the Amazon AI challenge and StartUs startup community has indicated this is a “startup to watch in 2021”.