INNOVATION AT YOUR FINGERTIPS
Updated: 01/2020
Orain
Spain / Barcelona , Spain
Pitch
Orain's IoT-powered hardware and AI-infused app boost revenue from vending machines by making them interactive and sociable for the first time.
Why
Dissatisfaction with vending machines
Vending machines, which are unattended, often do not dispense products, and, so, cause customer dissatisfaction.
No customer interaction
Without AI, vending machines have been unable to interact with customers to boost sales.
Payment in cash
Vending machines generally use inconvenient coin payments and have no dedicated payment app.
Market
$30.3bn
The global market size of the vending machine sector in 2018, with an expected CAGR of 9.4% from 2019 to 2025.
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