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Retail biometrics and technology provider Aisles has secured $100 million in new funds to establish Aisles Capital, a venture capital investment arm. The company plans to support internal projects and explore investment opportunities in retail technology beyond its current focus areas. Aisles boasts 1 million active users and generated $40 million in profit in its first year through AI applications for in-store navigation, deal-finding, biometric security, and personalized learning.
Aisles has experienced significant growth, leading to a valuation of $400 million and a prominent position on business insight platform Crunchbase. The company has appointed Jesus Ortiz Paz as chairman and founder Ignacio Rosales as CEO. Ortiz Paz, known for his role as the vocalist of Fuerza Regida, will continue to make key decisions for Aisles despite being on tour with his band. The same investors who participated in the $30 million series A funding round have backed the new private funding round.
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