RTIH rounds up the retail technology news you might have missed last week — Retail Technology Innovation Hub

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By todaybreakingnews.org

Artificial intelligence startup Voxel secures $12m investment, taking total funds raised to $30m

Voxel has announced a $12 million funding round led by Rite-Hite with participation from existing investors Eclipse Ventures and World Innovation Lab.

This takes total funds raised to $30 million since 2020.

Voxel integrates computer vision technology into existing security cameras to identify hazards, risky behaviours, and operational inefficiencies across a range of workplaces.

Once potential risks, such as near miss vehicle collisions, blocked exits, improper ergonomics, or spills, are identified, a real-time alert is sent to on-site personnel who can take immediate action, and Voxel’s analytics help sites identify operational inefficiencies and design policies to prevent future issues.

In order to protect workers’ privacy, no facial recognition or identification of individuals is permitted in Voxel’s systems.

Sarah Curran launches online venture Just Hotter following departure from True Fit

Sarah Curran has launched Just Hotter, a Shopify powered online destination for all things menopause.

In May, Curran left True Fit, a fit personalisation platform for fashion retailers, where she served as Global Chief Marketing Officer.

In a LinkedIn post, she said: “After almost three years at True Fit Corporation, I took the decision to step down and create a new chapter.”

TMX Transform brings in Kroger and supply chain veteran Jeff Bornino to head up North American business

Australia-based supply chain consultancy, TMX Transform, has launched its North American operations, and named Jeff Bornino as President of that part of the business.

Bornino brings with him over two decades of supply chain experience, most of which was spent at Kroger, where he served as Vice President, Corporate Supply Chain and Inventory & Replenishment.

“TMX Transform combines deep industry experience and advanced supply chain thinking and capabilities with a very practical ‘get it done’ approach,” says Bornino. 

“It’s a unique and powerful combination that I always searched for, but never quite found in my twenty plus years in the industry.”

“I was especially drawn to TMX’s focus on creating long-term client relationships and the depth and breadth of talent within the team. I’m honoured to join TMX Transform and am excited about the positive impact we will have on our North American customers.”

Startup Videobot secures €2m funding to boost online customer experiences with interactive video chatbots

Videobot, a Finnish SaaS startup, has raised €2 million in seed funding from Superhero Capital, Expon Capital Digital Tech Fund, and angel investors, Urban Gillstrom and Ari Korhonen.

The cash will be used to accelerate Videobot’s growth, especially in Europe and US markets, where the company has over 200 customers in 15 countries and in multiple industries.

“80% of internet traffic today is video. Videobot represents a paradigm shift in online communication,” says Anssi Kiviranta, Co-founder of Videobot, which launched in 2022. 

“Our platform seamlessly integrates the convenience of chatbots with the engaging power of short videos, opening new horizons for businesses to connect with their audiences.”

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