Edgify raises $9m Series A+ to expand on-device AI
Rank Ventures and Mangrove Capital Partners back the company’s next stage, taking total funding to $25 million.
Retail as the starting point
Edgify has built its initial market around recognition and loss prevention in physical stores. Its platform connects equipment such as cameras, scales and checkout terminals into a network that can process information and improve models locally.
The wider opportunity is to coordinate AI across equipment that currently operates in separate systems. That gives the company a route from retail deployments into other environments where real-time decisions and local data processing matter.
The new financing follows earlier backing of the business and provides a further $9 million, distinct from the $25 million raised over its lifetime.
Use of funds
Accelerate physical-retail platform deployment
Expand into convenience retail,restaurants and distribution centres
Develop applications across logistics and industrial environments