The AISTUP-VEEESION based in Paris has secured 38 million € Expansion to the United States – where it is supposed to help heal the shoplifting of the country “Epidemic”.
The AI-based computer vision software from Veesion is trained to recognize gestures in surveillance camera feeds, e.g. B. a buyer who puts an article in his pocket. If it sees something suspicious, the AI sets the shop owner or the security owner via an app in which a recording of the activity is displayed. The user then makes the final judgment about whether the situation qualifies as theft.
The software is delivered in a small box that integrates into the existing CCTV system of a shop. In order to protect privacy, the system only registers human movements and does not identify information like the face or clothing of a person, said the company.
Security cameras are common in most retail stores. The CEO and co -founder of Veesion, Thibbault David, said that they are “completely useless”.
“Cameras in shops are rarely used because they ask a person to look at them,” he said to TNW.
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The VEEESION, founded in 2018, has already been installed in over 6,000 shops in 25 countries, including France, Great Britain, Brazil and the USA, where it is now expanding.
In 2022, US individual dealer reported Investigation losses of USD 112 billion (€ 100 billion)40.3 billion USD (€ 36 billion) of them was attributed to shop theft. In the meantime, Great Britain with a quarter of the United States also has an increase in shoplifts. The country suffered losses from 2.2 billion GBP (EUR 2.5 billion) in 2023, according to a recently carried out survey by the British Retail Consortium (BRC).
“Shift is a big pain point for retail stores, especially in the United States, which suffers from theft epidemic,” said David.
However, the crime is only part of the puzzle – it is different to confront shoplifting. According to the same BRC survey ,, Violence and abuse against British shop workers rose by 50%in 2023, with more than 2,000 such incidents being recorded on average per day. Both in Great Britain and in the USA, enforcement Against shop is false.
While retailers have difficulty keeping up with increasing theft, some of the technology turn to receive support. While Veesions Ki does not promise to solve shop theft directly, there may be better tools for business owners to recognize them and decide how to react.
As part of his US expansion plans, Veesion opens up an office in Florida, which is supposed to employ around 50 people. One of his co -founders, Benoît Koenig is also permanently over the Atlantic as part of the expanded presence of the company in the country.
With a view to the future, Vession hopes to use its computer vision technology to recognize other problems in retail stores, e.g. B. fall or scribes. It is also considering expanding to other sectors such as manufacturing and healthcare.
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