Paris-based Veesion raised a €38 million Series B round led by White Star Capital to transform retail security with its AI-powered gesture recognition technology.
Veesion's solution detects shoplifting in real-time, protecting thousands of retail stores across 25 countries and helping reduce stock shrinkage.
Traditional security solutions rely on manual monitoring, but Veesion's AI technology integrates with existing camera systems to prevent theft with an average of 15+ incidents detected per store monthly.
With new funding, Veesion will establish a U.S. headquarters to accelerate its expansion and deepen partnerships with major retailers and resellers, aiming to become a global leader in shoplifting detection.