Israeli checkout startup Trigo raises $22m in early-stage funding round led by Red Dot Capital

Trigo is an autonomous checkout startup and has just announced that it has raised a $22m early-stage funding round. 

The new round will means Trigo has attracted $29m worth of investment in total to date.

The new investment was led by growth fund Red Dot Capital, the Israeli venture capital firm that has invested in cybersecurity startups CTERA Networks and Hmatix in the past.  It was also supported by Vertex Ventures Israel and Hetz Ventures. The latter led insurance platform Jones’ $2.8m seed funding round in 2018.

Trigo will use the capital injection to expand its technology for larger stores than its current 5,00 square feet-limit. It also plans grow its partnerships with leading US and European grocery retailers.

It is, however, not the only autonomous checkout FinTech firm to raise money. For instance, Standard Cognition raised $40m back in November 2018.

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