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Edgify secures $9M in a Series A+ funding round led by Rank Ventures and Mangrove Capital to enhance AI integration in supermarkets.

PRIVATEAug 10, 2026about 2 hours ago

Amount Raised

$9 Million

Round Type

Series A

Greater LondonArtificial IntelligenceMachine Learning

Investors

Mangrove CapitalRank Ventures

Description

Edgify raised $9 million from Rank Ventures and Mangrove Capital, increasing total funding to $25 million. The funding will help advance their edge AI technology linking supermarket cameras and checkouts. Edgify aims to improve retail operations by processing data on-site. The startup is expanding its reach across the US and Europe.

Company Information

Company

Edgify

Location

Greater London, England, United Kingdom

About

Edgify is a London-based startup that brings AI capabilities to supermarkets by integrating existing cameras, scales, and checkouts without requiring additional hardware or cloud uploads. Founded in 2019, it transforms store infrastructure into a cohesive network that enables real-time machine learning while keeping data on-site. The company aims to capitalize on the growing retail computer vision market and is expanding its applications into other sectors like QSR and apparel.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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