Seattle Startup Veeve Launches Attachment to Turn Regular Carts into Smart, Checkout-Free Carts
Seattle startup Veeve has developed a new attachment that converts regular shopping carts into smart carts with built-in sensors and displays, aiming to expand their checkout-free technology from grocery stores to big-box retailers. The device, announced at the Groceryshop conference, offers the same functionality as Veeve's original smart cart but without a scale, making it compatible with most carts.
Seattle Startup Veeve Partners with Albertsons to Launch Smart Shopping Carts in Dozens of Stores Nationwide in 2023
Seattle-based startup Veeve, founded by ex-Amazon engineers, is partnering with Albertsons to roll out its smart shopping carts in dozens of stores nationwide later this year, enabling checkout-free shopping. The carts feature touchscreens, integrated scales, and loyalty program integration, aligning with the growing trend toward contactless, cashierless retail experiences.
Fabric raises $140M Series C led by SoftBank at $1.5B valuation to scale e-commerce platform
Seattle e-commerce platform Fabric, led by former Amazon executives and CEO Faisal Masud, raised $140 million in a Series C led by SoftBank at a $1.5 billion valuation, bringing total funding to $293.5 million. The 300-person company provides APIs and software for mid-market retailers (clients include Chico’s, McDonald’s, TriMark, L’azurde and The Honest Company) to manage pricing, inventory, storefronts and checkout as commerce moves online.
Startup Haven launches Startup Haven Ventures, adds Westerdal, Yu and Mbemba; PSL promotes three; Adam Selipsky named AWS CEO
Startup Haven, founded by Bob Crimmins, launched Startup Haven Ventures and expanded its team to include Jay Westerdal, Arry Yu and Claudius Mbemba; the fund targets pre-seed, capital-efficient companies with a Pacific Northwest focus and made its first investment in Verdi. Seattle’s Pioneer Square Labs promoted Palvi Mehta, David Zager and Ben Gilbert; separately, Tableau CEO Adam Selipsky will become AWS CEO, replacing Andy Jassy.
Amazon launches Dash Cart, putting it in direct competition with Veeve co-founded by ex-Amazon engineers Shariq Siddiqui and Umer Sadiq
Amazon announced a Dash Cart that directly competes with Veeve, the Seattle-area smart shopping cart startup founded by former Amazon employees Shariq Siddiqui and Umer Sadiq, but the announcement has also driven increased interest in Veeve from regional and national retailers. Veeve’s cart uses QR logins, sensors and cameras to identify items and enable checkout-free shopping, a market validated further by pandemic-driven demand for contactless experiences.
