Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

Investors Cool On Internet-Of-Things Startups, A Tech Conduit For Retailers - Medium

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots.

Many stores, which came to rely on software-connected systems during the Covid-19 pandemic, are now leveraging these capabilities to eke out efficiencies that can help keep prices down amid stubbornly high inflation and rising interest rates, industry analysts said.

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This article was written by and originally published on www.wsj.com