28 Apr 2023

Autonomo’s mission to simplify shopping for customers and enhance profits for retailers

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Autonomo’s mission to simplify shopping for customers and enhance profits for retailers

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Leading German computer vision and AI company Autonomo has partnered with Retailer Meyer as it continues its growth

Autonomo announced the new investment from Brookstreet Equity Partners and its inaugural customer with Meyer, part of the EDEKA group, the biggest Food Retailer in Germany. The investment helps the company on its mission to simplify shopping for customers and enhance profits for the retailer.

The partnership will lead to the opening of several new stores in northern Germany, equipped with advanced technology, such as artificial intelligence, computer vision and machine learning. The aim of these new stores is to address the current labour shortage while meeting customers’ demand for a convenient shopping experience.

“We are thrilled to partner with Autonomo to deliver the future of retail to our customers,” said Jörg Meyer, Owner and CEO Meyer’s Frischecenter. “We looked at several providers and Autonomo’s cutting edge technology is best designed to simplify the shopping process for retailers and customers.

“Our first store will offer a wide range of products, including fresh fruits and vegetables, dairy, meats, wines, beers, and bakery. Customers can use their credit/debit cards or smartphones to access the store and make purchases without any human intervention, simplifying the shopping process.”

Autonomo was founded in 2021 by Patrick Müller-Sarmiento, former CEO of Metro/real Group and Senior Partner at Roland Berger, and James Sutherland, Harvard alumni.

“Helping Meyer, part of Edeka group, to solve their biggest problems in their physical stores validates the hard work and dedication of our talented team” said James Sutherland, CEO at Autonomo.

Chairman Patrick Müller-Sarmiento added: “We’ve tested thoroughly and look forward to announcing more innovative success stories in the near future.”

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