Hannah Torrance
January 3, 2025
Vilnius-based Pixevia, a pioneer in AI-driven retail technologies, has raised €340,000 in a bridge funding round extension. The investment, led by Coinvest Capital, will support the company’s expansion into global markets, including Taiwan, Belgium, Italy, and Poland.
About Pixevia
Founded in 2011 by Mindaugas Eglinskas, Pixevia specializes in autonomous retail technologies. The company launched Europe’s first AI-powered autonomous store in 2020 and has developed Retail Core, a flagship solution that enhances store efficiency and security using standard video cameras.
Key features of Pixevia’s solutions include:
• Checkout-Free Shopping: Enabling seamless retail experiences for consumers.
• Operational Insights: Providing detailed analytics on customer behavior, product availability, pricing, and advertising performance.
• Scalable Technologies: Supporting integration with both traditional and digital retail strategies.
Investment Details
The funding round was led by Coinvest Capital, contributing €170,000, alongside several business angels, including:
• Vladas Lašas
• Renaldas Zioma
• Rita Sakus
• Vytenis Benetis
Coinvest Capital, a Lithuanian venture capital fund, collaborates with public and private investors to support innovative startups.
Viktorija Trimbel, Managing Director at Coinvest Capital, stated, “Pixevia’s remarkable innovation aligns with our mission to back transformative technologies. This funding round reinforces our confidence in their AI solutions and their global potential.”
Global Expansion and Strategy
With the additional €340K, Pixevia aims to:
1. Expand Deployments: Focus on new markets, including Taiwan, Belgium, Italy, and Poland.
2. Enhance Operations: Strengthen presence in the APAC region, Europe, and the US.
3. Revolutionize Retail: Accelerate the adoption of autonomous retail solutions globally.
Mindaugas Eglinskas, Founder and CEO of Pixevia, remarked, “This funding allows us to allocate more resources to key markets, reaffirming our commitment to revolutionizing retail with AI-powered technologies.”
Future Outlook
Building on its earlier €1.5M funding round in May 2024, Pixevia continues to reshape the retail industry by driving innovation and operational excellence. The company’s AI-driven solutions are poised to meet the growing demand for automation in retail environments such as airports, campuses, and sports arenas.
For more information, visit Pixevia.
