Edgify - About the company
Edgify is a seed company based in United Kingdom, founded in 2014 by Nadav Tal Israel and Ofri Ben-Porat. It operates as a Developer of AI retail solutions for loss prevention and process improvement. Edgify has raised $17.9M in funding from investors like Octopus Ventures, Telefonica and Collider, with a current valuation of £*****. The company has 75 active competitors, including 28 funded and 8 that have exited. Its top competitors include companies like Presto, Zippin and Trigo.
Company Details
Developer of AI retail solutions for loss prevention and process improvement. The system integrates with existing hardware and software to identify unscanned items. It detects barcode switching and non-scans at checkout. The AI also recognizes barcodeless items to streamline self-checkout processes. The system aims to improve operational efficiency and customer satisfaction in retail environments.
- Website
- www.edgify.ai/
- Email ID
- *****@edgify.com
- Phone Number
- +44 **********
- Registered Address
- 12 The Polygon, Flat 1, London, United Kingdom
Key Metrics
Founded Year
2014
Location
Stage
Seed
Total Funding
$17.9M in 4 rounds
Latest Funding Round
Post Money Valuation
£***** as on Oct 22, 2020
Investors
Ranked
12th among 75 active competitors
Employee Count
25 as on Dec 31, 2024
Legal entities associated with Edgify
Edgify is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EDGIFY AI LTD CIN: 09359462 , United Kingdom, Active | Dec 16, 2014 | - | - | |
EDGIFY AI LTD. CIN: 9359462 , United Kingdom, Active | Dec 16, 2014 | - | 25 (As on Dec 31, 2024) |
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Edgify's funding and investors
Edgify has raised a total funding of $17.9M over 4 rounds. Its first funding round was on Sep 28, 2016. Its latest funding round was a Seed round on Oct 12, 2020 for $*****. 2 investors participated in its latest round. Edgify has 11 institutional investors.
Here is the list of recent funding rounds of Edgify:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 12, 2020 | 3874180 | Seed | 2581237 | 1297588 | 9173592 | 6392412 |
May 28, 2018 | 6262322 | Seed | 5263321 | 7254490 | 5259012 | 5006676 |
Jul 12, 2017 | 8115821 | Seed | 3801539 | 1597141 | 3870549 |
View details of Edgify's funding rounds and investors
Edgify's founders and board of directors
Founder? Claim ProfileThe founders of Edgify are Nadav Tal Israel and Ofri Ben-Porat. Nadav Tal Israel is the CEO of Edgify.
Here are the details of Edgify's key team members:
- Nadav Tal Israel: Co-Founder & CEO & CTO of Edgify and founder of 1 other company. Contact Info: 1 email address
- Ofri Ben-Porat: Former Co-Founder of Edgify and founder of 1 other company. Contact Info: 1 email address
View details of Edgify's Founder profiles and Board Members
Edgify's employee count trend
Edgify has 25 employees as of Dec 24. The total employee count is 47.0% more than what it was in Dec 23. Here is Edgify's employee count trend over the years:
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Edgify's Competitors and alternates
Top competitors of Edgify include Presto, Zippin and Trigo. Here is the list of Top 10 competitors of Edgify, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Presto 2008, San Carlos (United States), Public | Provider of drive-through automation solutions for restaurants | $82.6M | 73/100 | |
2nd | Zippin 2018, San Francisco (United States), Series B | Provider of an AI platform for checkout-free shopping experiences in stores | $45M | 68/100 | |
3rd | Platform offering self-checkout and digitized operations for grocery retailers | $199M | 66/100 | ||
4th | AiFi 2016, Santa Clara (United States), Series B | Developer of a platform providing spatial intelligence and real-time insights | $90.7M | 65/100 | |
5th | Caper 2015, Brooklyn (United States), Acquired | Provider of AI-powered shopping carts and related retail technology solutions | $12.7M | 63/100 | |
6th | AWM 2016, Aliso Viejo (United States), Series A | Provider of AI-based business automation solution for retail businesses | $45.1M | 62/100 | |
7th | Focal systems 2015, Menlo Park (United States), Series B | AI-based suite solution for offline businesses | $28.4M | 61/100 | |
8th | Standard 2017, San Francisco (United States), Series C | Platform offering AI-enabled automated checkout software solutions for offline retailers | $236M | 60/100 | |
9th | V7 2018, London (United Kingdom), Series A | Developer of fully-automated smart retail stores | $36M | 60/100 | |
10th | Developer of enterprise AI platforms and edge computing frameworks | $9.27M | 58/100 | ||
12th | Edgify 2014, United Kingdom, Seed | Developer of AI retail solutions for loss prevention and process improvement | $17.9M | 52/100 |
Looking for more details on Edgify's competitors? Click here to see the top ones
Edgify's Investments and acquisitions
Edgify has made no investments or acquisitions yet.
Reports related to Edgify
Here is the latest report on Edgify's sector:
News related to Edgify
•
Edgify secures USD6.5m seed funding from Octopus Ventures, Mangrove Capital PartnersPrivate Equity Wire•Oct 12, 2020•Edgify, Octopus Ventures, Mangrove Capital Partners
•
Shekel aims to bring object recognition to a checkout near youiTWire•Aug 01, 2019•Edgify, Shekel Brainweigh
•
Tel Aviv Startup Pixoneye Raises $8M To Analyze Smartphone PhotosNoCamels•May 28, 2018•Edgify, Octopus Ventures
•
Santander Innoventures Invests in Promising British Startup Pixoneye via The Floor | Finance MagnatesFinance Magnates•Aug 06, 2017•Edgify
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