Status: Active
Sector: Retail Tech
Industry: Visual Recognition Technology, Retail Technologies, Artificial Intelligence and Machine Learning
Summary: Vispera is a company that offers cutting-edge image recognition-based solutions for the retail sector. Vispera’s technology monitors products, inventory status, pricing, and arrangements on shelves in real-time through hand-held devices or via cameras installed in stores.
Company Overview:
Vispera is a technology startup that develops advanced artificial intelligence and visual recognition technologies tailored for the retail sector. By utilizing AI and machine learning techniques, Vispera enhances the efficiency of retail operations through the tracking and analysis of products on store shelves. The company aims to optimize shelf management and product placement processes, resulting in improved inventory management and sales strategies. Vispera’s data-driven insights help solve the challenges faced by retail stores, ultimately enhancing operational efficiency and improving sales performance.
Business Model:
Vispera employs a subscription-based business model, offering its visual recognition solutions to FMCG companies and retail chains for a recurring fee. Customers utilize Vispera’s software for perfect store enablement , helping them optimize inventory and sales processes and lmprove customer satisfaction. This model ensures a steady revenue stream for Vispera while aiding FMCG companies and retailers in making data-driven decisions.
Product & Services:
- ShelfSight: Analyzes images of products on store shelves to provide insights on stock status, shelf gaps, product placement, and check for compliance issues (planogram compliance, price compliance, promotion compliance).
- Storesense: A mobile solution that enables field personnel and store employees to quickly and effectively scan shelves, checking product placement and stock statuses instantly, obtaining actionable insights.
- Retail Analytics: Provides analytical tools and detailed reports to improve sales performance and operational efficiency in stores.
Key People:
- Dr. Aytül Erçil: Co-founder & co-CEO
- Ceyhun Burak Akgül: Co-founder & co-CEO
- Erdem Yörük: CTO
Investment & Growth Information:
Vispera has raised over $14.5 million in funding to date, with investors including prominent names like Koç Holding, Inventram, Koç GSF, Omurga, CaBo Capital, Esor Capital, Finberg, Keiretsu Capital, and Hayat SA. In recent funding rounds, Vispera secured, $250,000 in bridge funding from Arya GSYF in August 2023, increasing its valuation to $44.8 million and the company received $500,000 from APY Ventures Bilişim Vadisi GSYF in April 2024, raising its valuation to $46.2 million. Additionally,. Vispera plans to utilize these investments to accelerate its product development, marketing efforts, and global expansion strategies.
Important Links:
https://www.instagram.com/vispera.ai/
https://www.linkedin.com/company/vispera-information-technologies/