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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.
Social
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Email ID
*****@edgify.com
Phone Number
+44 **********
Registered Address
12 The Polygon, Flat 1, London, United Kingdom
Key Metrics
Founded Year
2014
Stage
Seed
Total Funding
$17.9M in 4 rounds
Latest Funding Round
Post Money Valuation
£***** as on Oct 22, 2020
Ranked
Employee Count
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:lockFilter this list
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
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Edgify's founders and board of directors

Founder? Claim Profile
The 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:

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:
Employee count trend for Edgify
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Presto
Presto
2008, San Carlos (United States), Public
Provider of drive-through automation solutions for restaurants
$82.6M
73/100
2nd
Logo for Zippin
Zippin
2018, San Francisco (United States), Series B
Provider of an AI platform for checkout-free shopping experiences in stores
$45M
68/100
3rd
Logo for Trigo
Trigo
2018, Tel Aviv (Israel), Series C
Platform offering self-checkout and digitized operations for grocery retailers
$199M
66/100
4th
Logo for AiFi
AiFi
2016, Santa Clara (United States), Series B
Developer of a platform providing spatial intelligence and real-time insights
$90.7M
65/100
5th
Logo for Caper
Caper
2015, Brooklyn (United States), Acquired
Provider of AI-powered shopping carts and related retail technology solutions
$12.7M
63/100
6th
Logo for AWM
AWM
2016, Aliso Viejo (United States), Series A
Provider of AI-based business automation solution for retail businesses
$45.1M
62/100
7th
Logo for Focal systems
Focal systems
2015, Menlo Park (United States), Series B
AI-based suite solution for offline businesses
$28.4M
61/100
8th
Logo for Standard
Standard
2017, San Francisco (United States), Series C
Platform offering AI-enabled automated checkout software solutions for offline retailers
$236M
60/100
9th
Logo for V7
V7
2018, London (United Kingdom), Series A
Developer of fully-automated smart retail stores
$36M
60/100
10th
Logo for SandLogic
SandLogic
2018, Bengaluru (India), Seed
Developer of enterprise AI platforms and edge computing frameworks
$9.27M
58/100
12th
Developer of AI retail solutions for loss prevention and process improvement
$17.9M
52/100
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Edgify's Investments and acquisitions

Edgify has made no investments or acquisitions yet.

Reports related to Edgify

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News related to Edgify

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