US shoplifting ‘epidemic’ sparks demand for French AI cameras

Veesion, a Paris-based AI startup, has raised €38 million to expand its U.S. efforts, introducing an AI-powered computer vision system designed to detect shoplifting through security footage without identifying individuals. The technology is already in use across 6,000 stores globally and aims to help retailers combat theft and workplace bullying. With $112 billion in inventory losses from shoplifting in the U.S. in 2022 and rising workplace violence, Veesion's AI empowers stores to enhance security. Beyond retail, the company is exploring applications in manufacturing safety and healthcare, with future plans to be showcased at the TNW Conference in Amsterdam.