10/10/2023 0 Comments Bitsafe sign inAccording to Bossa Nova’s Chief Technology Officer (CTO) Sarjoun Skaff: “it turns out that… the way you recognize faces is fundamentally the same way you recognize product”. The HawXeye team had spun out of Carnegie Mellon University and specialized in deep machine learning, facial and object recognition. Bossa Nova is still iterating on this challenge, but a 2018 acquisition of an AI lab called HawXeye provided a critical boost. It is not a simple task to classify the various SKUs on grocery shelves using digital images, since product packaging changes frequently and items are often rotated or knocked over by customers. While the robotic element of this solution is itself noteworthy, the AI used by Bossa Nova for item identification is considered leading edge, which earned the company a place on Forbes’ 2019 “AI 50: America’s Most Promising Artificial Intelligence Companies” list. This data is sent back to store associates, helping them efficiently manage the inventory available and improve the customer experience. The images are sent to the cloud where they are processed rapidly by Bossa Nova’s AI software and translated into actionable data points – including the identification of out-of-stock, misplaced or mispriced products. Currently, Bossa Nova is focused on solving the inventory management challenges faced by large brick-and-mortar grocery stores. Its signature product is an autonomous robot that can deftly navigate the aisles of a grocery store (using LIDAR maps) while also collecting 2D and 3D images of all the shelves, freezers and produce displays. Bossa Nova is a Silicon Valley Series B startup, valued at $179M, with a mission to deliver advanced robotic technology and artificial intelligence (AI) solutions to retailers.
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