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This AI security tech alerts store staff if it thinks you're trying to steal something
- Paris-based AI startup, Veesion, developed a gesture recognition algorithm to predict shoplifting.
- The technology flags suspicious movements rather than physical appearances to improve store security.
- Veesion's tech has helped stores reduce missing inventory rates significantly.
- The startup recently secured a $43 million Series B funding round to expand in the US.
- Despite improvements in combating shoplifting, Veesion believes machine learning can still help in preventing theft.
- Veesion's algorithm focuses on motion analysis rather than individual tracking, addressing privacy concerns.
- The system detects human movements and objects in security camera footage to alert security personnel.
- Over 85% of alerts generated by Veesion are deemed relevant by store operators.
- One US client managed to cut losses from the health and beauty section by half using Veesion's technology.
- Veesion's AI technology aims to enhance the shopping experience by alerting staff to potential theft incidents.
- The tech not only deters shoplifters but also reduces employee theft, according to Veesion.
- Veesion is exploring additional retail use-cases like detecting improper self-checkout scans and slip-and-fall incidents.
- The technology's effectiveness in deterring theft extends to preventing repeat offenses.
- Retailers can benefit from the technology by improving security without compromising the shopping experience.
- Veesion's solution offers a more proactive approach to preventing and addressing shoplifting incidents in stores.
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