Instacart Acquires Computer Vision Firm Arpalus; Financial Terms Undisclosed

Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced its acquisition of Arpalus, a computer vision company that has developed shelf intelligence technology purpose-built for grocery retail. The accuracy of online orders is only as good as the underlying inventory data – undetected out-of-stocks and catalog gaps are among the most persistent sources of customer dissatisfaction in online grocery, driving substitutions, cancellations, and eroded trust.