Rotterdam-based CornerBox, a startup founded within the Cambridge Innovation Centre (CIC) in the Netherlands, has raised $1M (nearly €917K) in pre-seed funding at a $10M (nearly 9.17€M) valuation.
The Dutch startup provides an AI-supported robotic retail platform that enables 24/7 access to products. The development was reported on Egirisim.
The investment will support CornerBox’s efforts to develop next-generation retail solutions, expand pilot applications, and enter new markets. The funding aligns with the company’s strategy to accelerate global growth in the autonomous retail sector.
Transforming retail with AI
CornerBox is an AI-powered robotic retail platform that enables quick and accessible shopping through smart sales points. These points operate with robotic and autonomous technologies, providing businesses with a cost-effective, scalable, and efficient retail solution.
The CornerBox units can be placed in various locations, including cities, universities, business centres, and public transportation hubs.
Deniz Güloğlu, Bülent Eğrilmez, Gürol Üzenç, and Seren Alpsan established the startup in 2024 in the CIC.
CIC is an international hub that supports entrepreneurship and innovation by offering office space, investor connections, and collaboration opportunities for technology-driven ventures. Being part of this ecosystem provides CornerBox with a foundation for growth and global expansion.
Capital utilisation
CornerBox will use the funds for product development and expansion into new markets, starting with the Netherlands.
The company plans to enter the global market and enhance its technology infrastructure, leveraging its growth potential and scalable business model.
CornerBox’s founders leverage expertise in retail, technology, and entrepreneurship to scale the company, drive innovation, and expand globally through AI and strategic management.
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