TLDR:
- Retail AI and biometrics provider Aisles has raised $100 million to launch a new venture capital investment arm, Aisles Capital.
- Aisles has seen significant growth, with 1 million active users and $40 million in profit in its first year.
Retail AI and biometrics provider Aisles has announced the launch of Aisles Capital, a new venture capital investment arm, fueled by $100 million in new funds raised. The investment arm will support internal projects and find opportunities within retail technology outside of Aisles’ current focus areas. The funding comes from the same investors who supported the company’s $30 million series A funding round. Aisles has experienced rapid growth, boasting 1 million active users and $40 million in profit in its first year, thanks to its AI applications for in-store navigation, deal-finding, biometric security, and personalized learning.
The company has also announced new leadership, with Jesus Ortiz Paz appointed as chairman and founder Ignacio Rosales taking on the role of CEO. Ortiz Paz, known for his role as the vocalist of Fuerza Regida, will continue to oversee key decisions for Aisles despite being on tour with the band. The company’s strong financials have propelled it to a $400 million valuation and a top position on business insight platform Crunchbase.
