Intuitivo Inc.

Intuitivo Inc. develops advanced AI systems for unattended retail, enhancing customer experiences with its Autonomous Point of Purchase (A-POP) technology, enabling seamless, checkout-free transactions. Intuitivo Inc. was founded in 2019 in Buenos Aires, Argentina.

The company focuses on AI solutions for unattended retail environments. Notably, it raised USD 7. 8 mn in Seed funding on March 14, 2022, led by Mercado Libre Fund, to support its growth and hiring efforts. Founded by Jose Genes, Luís Costa, Shikha Rehan, and Tomás Manzitti, Intuitivo has successfully completed three deals to date.

Intuitivo AI specializes in providing an advanced AI operating system designed for unattended convenience retail through its flagship product, the Autonomous Point of Purchase (A-POP). This innovative solution enables retailers to deploy thousands of A-POPs rapidly and securely, facilitating a frictionless shopping experience where customers can simply open, grab, and go without manual checkout or scanning. The A-POP leverages advanced Vision AI technology to instantly recognize products without the need for manual labeling or additional sensors, ensuring quick and reliable transactions. Target markets include college campuses, hospitals, and various public spaces across the United States, where the deployment of over 1,000 A-POPs has already demonstrated operational improvements and revenue growth.

Intuitivo AI’s client base comprises diverse retailers and operators seeking to enhance retail opportunities in underutilized environments while minimizing shrinkage and optimizing inventory management. Intuitivo AI generates revenue primarily through partnerships with retailers and operators implementing its A-POPs in various settings. The business model typically involves a transaction structure supporting B2B relationships, where clients adopt the A-POP platform under specific agreements tailored to their retail environments. Revenue is derived from transactional fees associated with each successful purchase made through the A-POP system, enabled by Vision AI technology's capability to charge customers instantly as they select items.

The company also offers subscription-based services for ongoing support and updates, enhancing client experience through the integration of digital wallet solutions and real-time analytics, contributing to overall revenue generation without publicly disclosed pricing structures. Intuitivo Inc. aims to leverage its recent USD 7. 8 mn Seed funding to enhance its operational capabilities and expand its team.

Future product developments are anticipated to focus on refining the A-POP technology to improve customer engagement further. The company plans to expand its market presence into new geographic regions, targeting additional public space environments by the end of 2023, including international markets to diversify its operational footprint.