Panoptyc
AI-powered retail loss prevention platform using machine learning and computer vision to detect and prevent theft across store locations.
About
Panoptyc is a leading AI-powered retail loss prevention company that uses machine learning and computer vision to detect and prevent theft across retail environments. The technology identifies various theft types including walkouts, under-ringing, cancellations, shoplifting behaviors, tag switching, bottom-of-basket fraud, and customer-not-present transactions.
Founded in 2019 by Mac Bolak, Panoptyc launched with just $100K in outside capital, taking a bootstrapped approach to growth. The company has landed partnerships with major retail chains by building dependable systems that close the loop on theft prevention, with a proven process that cuts shrink by 30%.