Pensa Systems offers a retail inventory visibility system that uses advanced computer vision, patent-pending artificial intelligence and autonomous drones to see and understand store shelves. The system detects stockouts with 98+ percent shelf accuracy and is designed to be scalable across store locations via a simple, flexible, low-cost-per-store deployment model. Pensa’s solution aims to help brands and retailers minimize stockouts, optimize product planning and increase revenue. The company has completed pilots with major retailers and global brands, including Anheuser-Busch InBev. Pensa intends to use the new funding to accelerate deployment of its retail inventory visibility solution. Financially, the company has now raised a total of $17.2M. Pensa Systems delivers a scalable system that automatically and systematically tracks in-store inventory using advanced computer vision, patent-pending artificial intelligence and autonomous drones. Led by president and CEO Richard Schwartz, the company has completed multiple live trials with major consumer brands and retailers. Notably, Anheuser-Busch InBev participated as a strategic investor through its ZX Ventures unit. Pensa intends to use the new funds to accelerate deployment of its system for retail inventory visibility and to expand store trials with large retailers and CPG brands in North America and abroad. The company has raised a total of $7.2M to date and will apply this capital toward commercial rollouts and additional trials. Its technology aims to help brands and retailers minimize stockouts, optimize product planning and increase revenue. Pensa Systems is an Austin, Texas–based provider of autonomous perception systems for inventory visibility. The company offers a software solution that gives retailers and manufacturers an automated view of retail shelves using autonomous vision capture on the front end. On the back end it applies a novel AI approach to predict out-of-stock products. Pensa is led by Richard Schwartz, President and CEO. It is currently conducting customer field trials and plans to release further product details at a later date. The company intends to use new funding to accelerate product development and support market demand.

Total raised

$17M

Funding rounds

3

Latest round

Seed

Latest activity

Nov 2019