# Instacart acquires Caper AI: partnership

Canonical ID: `e7739104-a918-4f1e-bf3a-eafbeb24fa73`

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.

- **Type:** investment
- **Status:** concluded
- **Verification posture:** verified

## Parties (2)

- [Instacart](https://registry.deploy.report/companies/instacart.md) investor partner
- [Caper AI](https://registry.deploy.report/companies/caper-ai.md) other

## Timeline

- **Announced:** 2021-10-19

## Sources (1)

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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