Israeli startup Tracxpoint to provide AI-based shopping cart to Italian grocer Conad
Tracxpoint, a Tel Aviv-based startup specializing in self-checkout technology, will provide its AI-enabled smart shopping cart platform to Italian grocer Conad del Tirreno, one of seven cooperatives in that country's Conad grocery coop, in a company release.
The technology uses a series of on-cart cameras with built-in weight sensors and GPU's. The smart cart identifies each item that is added to or deducted from the cart and automatically processes transactions and payment when the customer leaves the store, according to the release.
The company expects to sign additional contracts in the U.S. and EU in 2019, according to the release.