Tesco invests in cashierless technology
Tesco has thrown its considerable financial might behind cashierless technology start-up Trigo Vision as it continues to explore the tech.
Amid its half year results released this morning, which also announced the shock departure of its chief executive Dave Lewis, Tesco revealed it had invested an undisclosed sum into the Israeli start-up.
Trigo Vision has developed a cashierless system similar to Amazon Go’s, using cameras and machine learning to automatically track items customers pick up and add them to a virtual basket.
During Tesco’s capital markets day in June the UK’s largest grocer revealed it had enlisted the help of Trigo Vision to explore the integration of cashierless tech in its stores.
This comes as Tesco’s largest rival Sainsbury’s scrapped its experimental cashierless grocery store after a three-month trial admitting “not all our customers are ready for totally till-free” shopping.
Though other retailers are exploring the technology, Amazon remains the market leader and driving force behind the till-free retail movement with its Amazon Go stores.
Amazon currently operates 16 branded Go stores, but it was reported earlier this week that it could introduce the technology to airports, cinemas and baseball stadiums over the next year.