Checkout Technology – Tesco invests in frictionless checkout startup Trigo

UK supermarket behemoth Tesco has partnered with Israel-based checkout technology developer Trigo and made an equity investment in the startup one month after it closed a $22 million Series A round.

“We’ve benchmarked the market in this space, and they are by far and away the best. There’s some really interesting technology being developed that can be really helpful to the shopping experience. It’s much more likely that we’ll take some of that technology in helping our existing stores,” outgoing Tesco CEO Dave Lewis said at a press conference discussing the new partnership.