Portugal’s Reckon.ai Secures €5.1M Funding

The round also saw participation from Alea Capital Partners and Touro Capital Partners.

Iberis Capital, founded in 2017, is a Portugal-based private equity and venture capital firm managing over €600 million, backed by more than 1,250 investors.

“When considering a purchase, customers want to hold the products in their hands. Reckon.ai offers this possibility while maintaining autonomous shopping, anytime, anywhere. Moreover, these smart cabinets are both scalable and cost-efficient. That’s why we are proud to support the company in reinforcing their position in this expanding market”, comments João Henriques, Partner at Iberis Capital.

The new investment will help Reckon.ai accelerate its global expansion, advance its autonomous smart cabinet technology, and enter new market verticals.

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It will also support research and innovation efforts in Portugal over the next four years, improve computing capabilities, and expand the smart cabinets’ features.

With this round, the company’s total funding now stands at €8.5 million.

“At Reckon.ai, our mission is to redefine how people interact with retail by making shopping seamless, intuitive and accessible. This investment marks a pivotal moment for us enabling faster global expansion and continued innovation in autonomous technology. We’re excited to bring the future of retail to more locations and industries, empowering businesses and delighting consumers along the way,” says Ana Pinto, CEO of Reckon.ai.

Founded in 2019 by Ana Pinto and Paulo Ribeiro, Reckon.ai has created patented technology that turns standard product dispensing cabinets into smart, checkout-free systems.

Using AI and computer vision, their smart cabinets allow customers to simply tap a card, open the door, take what they need and leave—no checkout required. This innovation makes shopping faster and more convenient, anytime and anywhere.

Originally focused on food retail, Reckon.ai is now expanding into pharmaceuticals, cosmetics, and electronics across key European markets, while also gaining traction in the U.S.

Its technology is already being used by major retailers like Jerónimo Martins (Pingo Doce), Carrefour, Sonae (Continente), IKEA, Rewe, Lekkerland, and Petit Forestier.

About Reckon.ai

Reckon’s patented AI technology turns cabinets, fridges, and shelves into smart, autonomous systems—perfect for unattended retail. They don’t build the hardware; they power it, transforming existing infrastructure into seamless, checkout-free shopping solutions.