London-based Edgify has closed a $9m (£6.7m) Series A+ round led by Rank Ventures and Mangrove Capital Partners, taking total funding to $25m (£18.5m) as it targets a $15.8bn retail computer-vision market.
Edgify, a London-based provider of edge artificial intelligence infrastructure for physical retail, has raised $9m (£6.7m) in a Series A+ round to accelerate the rollout of its platform and push into new industries.
The company's technology connects, orchestrates and trains AI models across in-store edge devices such as self-checkouts, cameras, scales and point-of-sale systems. Rather than shipping raw footage and transaction data to the cloud, Edgify turns those devices into a single coordinated intelligence layer, letting hardware learn locally and share insights across a network. The company says the approach cuts cloud infrastructure costs, lowers latency and keeps customer and operational data inside the store.
Rank Ventures and Mangrove Capital Partners backed the Series A+, which brings Edgify's total raised to $25m (£18.5m). The company has not disclosed a valuation for the round.
The pitch to investors rests on a large and specific target market. Edgify says it is going after a $15.8bn (£11.7bn) retail computer-vision opportunity by tackling in-store loss prevention, a persistent drain on grocery and convenience margins. It has already proven the core model in grocery, with deployments across retailers in the US and Europe, and is now extending into quick-service restaurants, distribution centres and apparel.
"The operational friction Edgify has solved in grocery and convenience stores can be replicated in any industry where fleets of devices meet the physical world, as demonstrated by our expansion into QSR, distribution centres and apparel," said Nadav Israel, chief executive and co-founder of Edgify.
He framed the raise as fuel for a broader industrial ambition beyond the checkout aisle. "This funding will fuel our growth, enabling us to take the intelligence layer we've built for retail and deploy it across the global industrial landscape, turning millions of isolated machines into self-learning real-time networks that operate independently of the cloud," he said.
The Series A+ label signals a top-up on an earlier round rather than a fresh priced step, a structure that has become common as founders extend runway without resetting valuations in a tighter market. At $9m, the cheque is modest against the $15.8bn market Edgify is chasing, and the company will need to convert grocery deployments into paying contracts across its new verticals to justify the expansion. The backing of Mangrove Capital Partners, an early Skype investor, gives it a well-known name on the cap table as it does so.
Original source: UKTN — https://www.uktech.news/ai/edgify-raises-6-7m-to-power-ai-infrastructure-for-physical-retail-20260811
