Everseen, a provider of real-time computer vision AI for retailers, has announced an expanded suite of products to address the retail industry’s $100 billion global annual shrink problem. The expanded product line delivers end-to-end computer vision AI for retailers from the checkout at the front of the store, through the shop floor, to the back of the store and beyond.
The company also announced that it has doubled its store installations, with growth driven by expansion with grocery retailers in the US, Europe, and Australia. Everseen is trusted by over half of the world’s top 15 retailers to prevent loss and its solutions are now in use in over 6,000 major retail stores (over 80,000 POS).
“With the economic crisis adding greater pressure, retailers are turning to AI solutions that can address loss prevention and simultaneously deliver a great customer experience,” said Alan O’Herlihy, founder and CEO of Everseen. “Everseen’s computer vision AI delivers insights that enable retailers to see and solve complex challenges in real-time to significantly reduce losses and improve margins by up to 20 percent.”
Everseen’s expanded product suite includes four new AI-driven solutions for loss prevention:
- Evereagle provides a high-level view and insights for the checkout and exit areas, applying computer vision AI for queue management as well as additional layer of loss prevention.
- Evershelf applies advanced AI models and insights to deter loss on the shop floor and support inventory management.
- Everstock helps increase sales and improve inventory management by alerting staff when an item on the shelf is out of stock.
- Eversolve is an application designed for department, store, and regional managers to pinpoint processes needing immediate attention and to help staff solve issues, improve trends, and reduce variances.
These new offerings complement the company’s existing products, Evercheck and Everdoor. Evercheck is the company’s front-of-the-store solution for detecting and correcting both deliberate and unintentional errors at self and staffed checkout lanes the moment they happen. At self-checkouts, Evercheck uses a unique nudge approach, with a response time of 300 milliseconds or less, enabling shoppers to correct mistakes that lead to shrink, and reducing the need for staff intervention and potential for conflict. Everdoor reduces loss and improves process compliance in the stock room.
Everseen also expanded its technology partner program to integrate computer vision AI into existing solutions used by retailers. Partnerships now include Dell, Lenovo, Nvidia, Qualcomm, and others. Everseen’s solutions are tech-agnostic, seamlessly integrating with customers’ existing camera, computer hardware, point-of-sale, and other business systems.