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Deep North Launches Checkout IQ, a Solution for Retailers to Prevent Asset Loss

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Deep North, the intelligent video analytics company, announced the launch of Checkout IQ, its new retail loss prevention solution, which uses computer vision and AI to reduce shrinkage at checkout. The release reflects Deep North's ongoing commitment to empower retailers with data-driven tools to keep their businesses competitive, maximize revenue, and offer great customer experiences. With shrinkage at an all-time high and an increase in organized retail crime, Deep North is providing a new way for retailers to prevent fraud loss and improve their bottom line. Raises $10.5 Million Series A to Help CX Teams Turn Conversations Into Insights and Automation Designed to help retailers reduce retail fraud activities, Checkout IQ works with retailers' existing camera systems. By analyzing camera views, the application identifies items that are being scanned by the customer or the cashier, and this count is cross-referenced with the POS item count to detect any discrepancies.