Everseen Limited

Everseen Limited, based in Cork, Ireland, specializes in Vision AI technology, offering advanced solutions through its AI Platform to enhance retail operations and minimize shrinkage at checkout. Everseen Limited focuses on developing innovative AI solutions tailored for retail environments, with its headquarters in Cork, Ireland. The company, founded in 2007 by Alan O'Herlihy, has successfully secured a total of EUR 75. 22 mn in funding, with its latest Series A round led by Crosspoint Capital Partners in March 2023.

Everseen has engaged in 7 deals, and its current valuation stands at EUR 170. 49 mn. Everseen specializes in advanced Vision AI technology, primarily through its flagship product, the Everseen AI Platform. Central to this platform is the Vision AI Factory, designed to develop and maintain large-scale applications focused on optimizing retail workflows and counteracting shrinkage at checkout.

The platform integrates the Evercheck application, which continuously learns checkout patterns to enhance operational efficiency for retailers. Everseen serves a client base that includes 11 of the top 20 global grocery retailers, applying its technology to key markets in North America, Europe, and Asia-Pacific. These offerings address critical challenges in retail, such as loss prevention and process optimization, while ensuring value assurance and governance throughout the customer engagement lifecycle. In the most recent year, 2022, Everseen reported revenues of EUR 28,358,046.

50 with a negative EBITDA of EUR -24,532,324. 50, indicating the current financial engagement in its growth and development. Everseen plans to leverage its recent funding of EUR 75. 22 mn raised in March 2023 to enhance its artificial intelligence technology and broaden its market presence.

The company targets expanding into new regions and markets, focusing on retail sectors that will benefit significantly from its AI-driven solutions. The strategic use of this funding will include the development of upcoming products aimed at addressing evolving retail challenges.