Zebra Technologies took part in a $25.8m round for the retail automation technology provider as offline retailers look to automate to compete with e-commerce.
US-based retail automation technology provider Focal Systems has secured $25.8m in a series B round featuring workplace performance data and management software provider Zebra Technologies, as brick-and-mortar retailers integrate more automated technology.
Point72 Ventures led the round, which included fellow venture capital firms Costanoa Ventures and Zetta Venture Partners, bringing its total funding to over $40m. The proceeds from the round will be used to develop its technology and grow its sales and technical teams.
Focal uses artificial intelligence (AI)…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
