Partnership

Instacart acquires Caper AI

Instacart acquired Caper AI for 50M in cash and stock, adding AI-powered smart shopping carts and automated checkout counters to its retailer enablement platform. Caper's smart carts were deployed at Kroger, Wakefern, Schnucks, and Sobeys. Caper AI co-founder and CEO Lindon Gao joined Instacart.

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Parties (2)

Instacart investor partner
Caper AI other

Timeline

Announced: 2021-10-19

Sources (1)

https://company.instacart.com/pressreleases/instacart-acquires-caper-ai-a-leader-in-smart-cart-and-smart-checkout-technology-creating-a-unified-online-and-in-store-commerce-solution-for-retailers

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