Edgify secured a $9 million Series A+ funding round to expand its retail-focused loss-prevention AI platform beyond grocery. The round brings Edgify’s total funding to $25 million. The company plans to accelerate platform rollout and expand it to manage the full lifecycle of AI models across physical retail sites.
Edgify raised $9 million in Series A+ funding to expand its edge AI platform used in physical retail and other industries. The round was backed by Rank Ventures and Mangrove Capital Partners and brings Edgify’s total funding to $25 million. The company will roll out its hardware-agnostic model orchestration across more retail formats and target additional sectors by connecting edge devices into real-time networks without sending raw data to the cloud.
Edgify raised $9 million from Rank Ventures and Mangrove Capital to link supermarket cameras, scales, and checkouts using on-site edge AI without new hardware or cloud uploads. The round takes its total funding to $25 million and builds a system that trains models locally across existing retail devices. The company says it will use the capital to expand its platform rollout and move beyond loss-prevention into quick-service restaurants, distribution centers, and apparel.
NEC is testing parking technology with UrbanChain that starts parking charges only after a driver pulls up and exits their car, using cameras and real-time video analysis. In September, the companies will test how many cameras are needed to make the approach feasible. If it works, car parks would stop charging based on entry and instead bill at exit, potentially enabling additional monitoring like exit counts and extended-occupant detection.
Every AI story that matters,
in your inbox by 8am.
TLDRocket reads all relevant sources, removes duplicate coverage, and summarises the
day in two minutes. Follow companies and topics for alerts, or get the
briefing in Slack. Free, no spam, unsubscribe anytime.
Reading TLDRocket needs no cookies, and the readership counts we rely on come from
our own cookieless analytics. Google Analytics is the exception: it sets cookies and
reports to Google, so it stays switched off until you allow it. You can change your
mind any time from “Cookie settings” in the footer.
Strictly necessary
Session security and form protection (tldrocket-session,
XSRF-TOKEN, 2 hours). The site cannot work without them,
so they need no consent.
Always on
Google Analytics 4 (_ga,
_ga_<id>, up to 2 years). Measures which
stories and sections readers use. Google acts as a third-party processor and may
store the data outside the EU. No advertising, no profiling, no data sold.