The National Venture Fund of Uzbekistan, UzVC, has announced a $100,000 investment in TezzGO, a startup developing automated retail systems powered by artificial intelligence and computer vision. This investment reflects UzVC’s strategy to modernize traditional sectors of the economy through technology-driven innovation.
TezzGO: AI-powered cashierless retail network
TezzGO is a platform based on computer vision and artificial intelligence that allows customers to shop without interacting with cashiers.
A customer is identified via a mobile application, selects products, and the system automatically processes payment upon exit. According to UzVC representatives, this solution not only accelerates the shopping process but also minimizes human error, improves accounting accuracy, and significantly reduces operational costs for retailers.
Over 100 smart fridges and expansion strategy
TezzGO has already installed more than 100 smart fridges across Uzbekistan. Customers identify themselves via the app, select products, and make payments automatically. This system eliminates queues, speeds up transactions, and increases convenience for users, enhancing both efficiency and customer loyalty.
“TezzGO’s technology marks a turning point in retail,” the startup’s team said. “We are building a fast, precise, and intuitive experience that reduces human involvement to a minimum.”
Real-time analytics and AI-driven management
The TezzGO system tracks customer behavior and analyzes inventory levels in real time, enabling retailers to optimize procurement and inventory management.
Machine learning algorithms study consumer habits, helping businesses make informed and efficient management decisions.
Market potential and franchising model
The startup plans to expand nationwide through a franchise model and later enter Central Asian markets.
The technology’s flexibility allows it to adapt to various retail formats, from supermarkets to vending machines and small retail points.
UzVC: investing in the technologies of the future
UzVC’s investment in TezzGO demonstrates confidence in the transformative potential of AI and automation in Uzbekistan’s retail sector.
According to the fund, companies investing in automation today will gain a significant competitive advantage in the future.
“Our goal is to foster technological growth, even in traditional industries,” UzVC’s statement reads. “TezzGO is a clear example of this vision.”
Website: uzvc.uz
