Tiliter, an Australian startup that's using computer vision to power cashierless checkout tech that replaces the need for barcodes on products, has closed a $7.5 million Series A round of funding led by Investec Emerging Companies. The 2017-founded company is using AI for retail product recognition -- claiming advantages such as removing the need for retail staff to manually identify loose items that don't have a barcode (e.g. It also argues the AI-based product recognition system reduces incorrect product selections (either intentional or accidental).
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