Osnabrück-based VisioLab has raised around $11 million in a Series A round led by eCAPITAL and Simon Capital, with existing investors High-Tech Gründerfonds, APX, and family office zwei.7 also participating.
Founded in 2019, the German startup develops AI-powered self-checkout systems for foodservice, using camera-based recognition to identify food and drinks without barcodes or specialized hardware. The company says its platform is currently processing around 1 million transactions per month.
VisioLab plans to use the new funding to accelerate international expansion, build out its US business from a new Boston location, and enter additional markets including Australia, New Zealand, Austria, the Netherlands, and the United Kingdom. The company also expects to grow its team from about 25 employees to roughly 40.
Founded in 2019, the German startup develops AI-powered self-checkout systems for foodservice, using camera-based recognition to identify food and drinks without barcodes or specialized hardware. The company says its platform is currently processing around 1 million transactions per month.
VisioLab plans to use the new funding to accelerate international expansion, build out its US business from a new Boston location, and enter additional markets including Australia, New Zealand, Austria, the Netherlands, and the United Kingdom. The company also expects to grow its team from about 25 employees to roughly 40.