Edgify raises $9M to expand its edge AI platform

Edgify has picked up $9 million in Series A+ funding to widen the reach of its edge AI platform. The money comes from Rank Ventures and Mangrove Capital Partners, and it lifts the company’s total funding to $25 million.

The pitch is simple enough, even if the plumbing is not. Edgify connects models across devices already sitting in stores — self-checkouts, cameras, scales and point-of-sale systems — so they can process data locally and share what they learn without sending raw data back to the cloud. The idea is to make the hardware in a shop behave less like a pile of separate machines and more like one coordinated layer of intelligence.

That matters most in grocery retail, where Edgify is already deployed with retailers in the United States and Europe to help with loss prevention. Its computer vision tools can flag scan avoidance, product switching and items missed in shopping carts, while also giving shoppers and staff real-time assistance. The company says the same setup can reduce cloud infrastructure needs and latency, while keeping customer and operational data inside the store.

Edgify says its platform works across equipment from different manufacturers, including technology from Zebra Technologies and Bizerba. And the company is now moving beyond grocery into convenience stores, quick-service restaurants, distribution centres and apparel. Longer term, it sees a fit in transportation, logistics, manufacturing and warehouse operations, where old hardware, cloud bandwidth and the cost of on-premise infrastructure create the same basic headache.

The timing helps. Edgify points to a global Edge AI market that it says is set to rise from $36 billion to about $386 billion by 2034, while it is first aiming at the $15.8 billion retail computer vision market. That is a big arena for a company selling a very specific promise: let the devices do more, and let the cloud back off a little.