In 2019, Pixevia launched its first AI-powered store in Europe, and since then, the company has continued to grow rapidly. Pixevia claims to be the first technology platform to offer real-time receipts in AI-driven stores. This technology can be easily implemented in various store formats, such as convenience stores, gas stations, and container stores. It also provides strong protection against theft and offers shoppers a seamless tap-in/tap-out experience without the need for an app.
Viktorija Trimbel, Managing Director at Coinvest Capital, praises Pixevia’s success over the past year, stating that the company anticipated the shift towards autonomous stores among retailers. Coinvest Capital is excited to continue investing in Pixevia’s growth. Kasparas Jurgelionis, Managing Partner at Iron Wolf Capital, expresses support for Pixevia, highlighting the company’s rapid success in the disruptive technology adoption cycle for retailers. The team is well-positioned to capitalize on the huge market potential.
In 2023, Mindaugas Eglinskas, Founder and CEO of Pixevia, describes 2023 as a pivotal year for the company, with significant expansion efforts in Lithuania and beyond. The combined funding round will help maintain momentum and support entry into new markets with existing demand. Pixevia has opened a total of 16 stores across Europe, the US, and the Middle East to serve customers.
