Reckon.ai raises €5.1M to accelerate global rollout of AI-powered smart retail cabinets

Portuguese retailtech startup Reckon.ai has secured €5.1 million in funding led by Iberis Capital, with participation from Alea Capital Partners and Touro Capital Partners, bringing total funding to €8.5 million as the Lisbon-based company accelerates global expansion of its AI-powered autonomous retail platform.

Founded in 2017 by Ana Pinto and Paulo Ribeiro, Reckon.ai transforms ordinary retail infrastructure into smart, autonomous points of sale through patented AI technology. The platform retrofits existing cabinets, fridges, and shelves with computer vision and sensor systems, enabling completely unattended shopping without checkout zones, apps, or QR codes. Instead, customers simply unlock with a payment card, select items, and close the door to complete transactions.

Central to Reckon.ai's approach is that they are hardware-agnostic and mostly work with existing retail infrastructure, which minimizes deployment costs and timeframes. The system provides real-time inventory tracking, automatic payment processing, and centralized operational data through a unified dashboard, enabling 24/7 autonomous retail in locations like airports, offices, campuses, and medical centers.

The platform has gained significant traction with major European retailers including Carrefour, IKEA, REWE, and Sonae, while recently announcing a major partnership with Unilever Ice Cream (The Magnum Ice Cream Company) for a smart vending rollout. The company's technology enables rapid deployment—operations can be live within days rather than months of integration.

The funding will support US market expansion and entry into new vertical segments as demand grows for frictionless retail solutions. With autonomous retail becoming increasingly mainstream, Reckon.ai's plug-and-play approach positions the company to capitalize on the shift toward unattended retail experiences across global markets.

Founders: Ana Pinto, Paulo Ribeiro

Sources: Silicon Canals, FoundersToday, Essential Business, Crunchbase