FAQ on Augmodo and Spatial AI in Retail

Who is Ross Finman?

Ross Finman is the CEO and Founder of Augmodo, an entrepreneur with a background in robotics and AR, and a PhD from MIT, passionate about bringing AR to the masses.

What is Augmodo?

Augmodo is a real-time inventory and task tracker using spatial AI to improve efficiency and convenience for retailers, brands, and consumers by creating live, 3D maps of retail spaces.

How does Augmodo help retailers?

Augmodo addresses pain points like inventory management, efficiency, out-of-stocks, and compliance by automatically scanning stores and building real-time planograms, thus saving time and reducing costs.

What inspired the creation of Augmodo?

The idea for Augmodo came when Ross Finman and his wife struggled to find baby formula during the 2022 shortage, highlighting the need for better inventory tracking solutions.

What is spatial computing?

Spatial computing involves technologies like AI and computer vision to understand and interact with the physical world in three dimensions, as used by Augmodo to map retail spaces.

What are the benefits of Augmodo for retail associates?

Augmodo enhances retail associates’ efficiency by providing them with real-time information on product locations and store layouts, effectively adding two years of experience from their start.

What was Ross Finman’s first startup?

Ross Finman’s first startup was Escher Reality, an AR firm that was part of Y Combinator’s 2017 class and later acquired by Niantic Labs, creators of ‘Pokémon Go.’

How does Augmodo update its store maps?

Augmodo’s technology automatically scans stores dozens of times daily, using spatial AI and computer vision to update live, 3D maps and real-time planograms.

What challenges does Augmodo address in the retail sector?

Augmodo tackles issues like overstocks, out-of-stocks, and returns, which result in millions in lost sales globally, by improving inventory accuracy and operational efficiency.

Where can I find more information about Augmodo?

For more information about Augmodo, you can visit their website at https://www.augmodo.com/ or check Ross Finman’s LinkedIn profile at https://www.linkedin.com/in/ross-finman-a0618512/.