Yunna Technology (Cloudpick)

About Yunna Technology (Cloudpick)

Founded in 2017 by CEO Jeff Feng and Co-founder Jasmine Liu, Yunna Technology, operating as Cloudpick, is a technology company headquartered in Shanghai that provides artificial intelligence-powered solutions for physical retail and other sectors. Feng, who holds a PhD in computer vision, pattern recognition, and machine learning, and Liu, who has an MBA, initially applied their expertise to help a friend's ice cream shop, which led to the creation of Cloudpick.

The company's core offering is a "grab-and-go" shopping experience that eliminates the need for traditional checkouts. By utilizing technologies such as 3D machine vision, deep learning, and multi-sensor fusion, Cloudpick creates a digital twin of a physical space. This allows the system to track customers and the items they select, automatically charging them as they leave the store without scanning items or interacting with a cashier. This technology does not use facial recognition or collect biometric data, ensuring customer privacy. The system works by having shoppers scan a QR code, credit card, or staff card to enter. Once inside, AI-powered cameras and sensors monitor their interactions with products, adding selections to a virtual cart. The bill is finalized and sent to the customer's phone within seconds of them exiting the store.

Cloudpick operates on a subscription-based business model, offering its suite of software solutions to offline retailers. Beyond cashier-less retail, the technology provides retailers with analytics on shopper behavior, store layout, and product display, helping to optimize inventory, reduce costs, and personalize marketing. The company has expanded its solutions to include smart unmanned warehouses for enterprise material management, industrial inspection, education, and elderly care. The unmanned warehouse solution uses facial recognition for entry and a combination of AI cameras and shelf sensors to track the collection of materials, automating inventory and record-keeping.

Since its inception, Cloudpick has deployed approximately 2,000 AI-powered smart stores in over 30 countries and has raised a total of $6.51M in funding over five rounds from investors including Intel Capital, Cathay Innovation, and Epson X Investment Corporation.