Everseen is an AI company that’s currently working with 5 of the world’s 10 largest retailers to solve the industry’s $45B annual shrinkage problem. Their software detects non-scans at the point of sale in real time. The technology integrates into security cameras over self-checkouts and traditional registers. When a product isn’t scanned, Everseen alerts stores’ security teams via Smartwatches, phones or tablets within three seconds. In addition to reducing shrink, it improves on-shelf availability by optimizing inventory replacement, and also has direct consequences for customer service, supply chain, retail operations, and store management.
Everseen's next step is to eliminate the checkout altogether, beginning with the introduction of ØLine (pronounced "zero line"), a new technology that will enable checkout-free shopping for major retailers. ØLine will do away with long checkout lines for customers and eliminate loss at the point of sale for retailers. Because Everseen has been entrusted with top retailers’ sensitive customer POS data—and because they're a neutral, retailer-agnostic technology provider without conflicting consumer interests—they are in a strong position to lead the retail world into this new phase.