Aisles: AI-Driven Retail Company Closes $30 Million

By Amit Chowdhry • Jun 6, 2024

Aisles, an AI-driven retail technology company, announced the successful closing of its Series A funding round, raising an additional $30 million. This funding round will support the company’s mission to revolutionize the retail shopping experience through AI solutions.

The Series A funding round was led by prominent venture capital firms and attracted diverse investors who recognize Aisles’ technology’s transformative potential. With this funding round, Aisles plans to accelerate the development and deployment of its comprehensive AI ecosystem, which includes advanced navigation, biometric security, and personalized shopping assistance.

Aisles made significant strides in the retail technology industry, boasting over one million active users and generating over $15 million in net profit annually. And the company’s suite of AI-powered tools, including AISLES for navigation, SAVES for deal finding, and TRUSTIS for biometric security, has garnered widespread acclaim for its innovative approach to solving common retail challenges.

With the closing of this Series A funding round, Aisles is well-positioned to disrupt the retail industry further and continue its rapid growth trajectory. And the company plans to use the funds to refine its existing technology, explore new product offerings, and strengthen its domestic and international market presence.

KEY QUOTES:

“We are thrilled to have the support of such esteemed investors who share our vision for the future of retail. This funding will enable us to enhance our current offerings and expand our reach, making shopping more efficient, secure, and enjoyable for consumers worldwide.”

– Ignacio Rosales, founder and CEO of Aisles

“This additional capital will allow us to invest in key areas of growth, such as enhancing our AI capabilities, expanding our team, and entering new markets. We are committed to staying at the forefront of retail innovation and delivering unparalleled value to our users and partners.”

– Johnny Saephan, Chief Administrative Officer of Aisles

“This successful funding round is a testament to our team’s hard work and the trust our investors have in our strategic direction. We are excited about the opportunities ahead and remain focused on driving innovation in the retail sector.”

– Jesus Ortiz Paz, chairman of Aisles