One year after Amazon unveiled its cashierless grocery stores, venture capital firms are backing companies working on store automation. US$111 million was invested in 2018 alone, a record in Pitchbook data going back to 2003. (Bloomberg)
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One year after Amazon unveiled its cashierless grocery stores, venture capital firms are backing companies working on store automation. US$111 million was invested in 2018 alone, a record in Pitchbook data going back to 2003. (Bloomberg)
Talking point: Entire sectors have proven vulnerable when Amazon enters the market, so it’s no surprise that investors are backing competitor tech. Once you get the tech right, there are still the supply chain challenges, which—as demonstrated in San Francisco this week—remain an issue for Go stores. The wider implication is that the automation tide is coming for a large employment sector.
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