# black.ai: Retail, Melbourne, Australia

> black.ai: black.ai is an Australian artificial intelligence company founded in Melbourne in 2016. Based in Melbourne, Australia. Founded 2017.

Source: https://millionrounds.com/startup/black-ai (Millionrounds; every figure on the page links to its filing or article)

Australia · [Retail startup](https://millionrounds.com/companies)

# black.ai

black.ai is an Australian artificial intelligence company founded in Melbourne in 2016.

Funding reported Last round: Seed

Retail Melbourne, Australia

Company summary

- **Founded:** 2017 9 years old
- **Team:** 11 11 to 50 people
- **Funding reported:** 13.3M as listed, currency not stated
- **Last round:** Seed Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for black.ai has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About black.ai

black.ai is an Australian artificial intelligence company founded in Melbourne in 2016.

The company specializes in transforming standard camera footage into AI-powered retail intelligence, focusing on optimizing customer journeys in retail environments. Its primary offering is the Black.ai System, an autonomous retail platform that utilizes a distributed sensor and compute system to map and monitor retail stores in real-time. The Black.ai System detects objects and events, allowing retailers to track specific actions such as picking up or inspecting items. It also maps visitor journeys, providing insights into customer behavior and interactions within the store. This technology is particularly beneficial for supermarkets and industrial retail settings, helping businesses increase sales, reduce inventory loss, and stay ahead of market trends. By utilizing existing camera infrastructure, black.ai enables clients to enhance efficiency and revenue without the need for new hardware installations.

## What company datasets say black.ai raised

Funding, as reported

Reported in all **13.3M** in the source's currency

Rounds **6**

Last round **Seed**

Last round size **5.4M**

Last round date **Jun 2022**

Investors listed **5**

## Founders and team

From black.ai's own website: 2 on the team.

- **Central American Retailer** Asset Protection Manager
- **Phoebe Collier** Black AI’s Privacy Officer

## On 3 portfolio pages

Investors who name them

- [Right Click Capital](https://millionrounds.com/fund/right-click-capital)
- [First Avenue Ventures](https://millionrounds.com/fund/first-avenue-ventures)
- [Arena Mars](https://millionrounds.com/fund/arena-mars)

Each firm lists black.ai on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

industrial automation customer behavioural data enterprises security cameras retail security information technology & services retail theft computer vision retail customer service ai security enterprise software information technology real-time store insights retail theft investigations behavioral data loss prevention

Built with from their website

SAP Human Capital Management Resi Git Prisma Google Tag Manager Looker Studio Hotjar REST AWS Trusted Advisor React Native

+8 more

Tailwind TypeScript Google Cloud Retail and Fashion Management extension by Utopia Posit MATLAB Linkedin Insight Tag Akamai

- **Sector:** Retail
- **Industry code:** NAICS 54151, 513210, SIC 7375
- **Region:** Victoria
- **Revenue:** 2M a year, as listed

## Retail in Australia

Startups like it

- [**THE ICONIC** Sydney · founded 2011 *Raised*](https://millionrounds.com/company/the-iconic)
- [**Pet Circle** Sydney · founded 2011](https://millionrounds.com/startup/pet-circle)
- [**Teros Eco-store** Hobart · founded 2014](https://millionrounds.com/startup/teros-eco-store)
- [**Who Gives A Crap** Melbourne · founded 2012](https://millionrounds.com/startup/who-gives-a-crap-2)
- [**Kepler Analytics** Melbourne · founded 2015](https://millionrounds.com/startup/kepler-analytics)
- [**EQL** Burnley · founded 2019](https://millionrounds.com/startup/eql-2)
- [**The Wine Collective** Sydney · founded 2018](https://millionrounds.com/startup/the-wine-collective)
- [**Koala** Alexandria · founded 2015](https://millionrounds.com/startup/koala-9)

## Is this your company?

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