Buylo
Overview
Buylo is a Czech retail-tech startup specializing in radio-frequency identification (RFID) solutions to revolutionize checkout experiences and inventory management in physical retail environments. Founded in 2024 and operating from Brno, Buylo's technology aims to eliminate queues and reduce store theft, providing a ten-second self-checkout experience. The company, led by co-founder and CEO Josef Voda, has raised €640,000 with the help of Purple Ventures to support its international expansion efforts and further technological development.
Recent Developments
- August 2025: Buylo raised €640,000 in funding from Purple Ventures. The capital injection supports international expansion and scaling of its RFID-powered checkout solutions. The company prioritizes broadening its market reach within Europe and North America.
- Product Expansion: Plans are in place to introduce specialized modules tailored for fashion retail and more affordable versions for smaller businesses. These innovations aim to democratize access to high-tech retail solutions for a wider range of retailers.
- Technology and Market Position: Buylo is leveraging RFID tags, sensors, AI, and self-checkout technology to streamline retail operations and enhance customer experiences. The company is not only focusing on sales floors but also improving back-of-house operations, enabling efficient inventory management.
- International Growth: Buylo has been broadening its reach beyond the Czech market, establishing a presence in Romania, Hungary, and Bulgaria, with partnerships with retail chains such as Numero Uno. The company has also initiated operations in the USA through a Czech incubator program.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2024 |
| Headquarters | Brno, Czech Republic |
| Founders | Josef Voda |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Purple Ventures |
| Industry | Retail Technology |
| Number of Employees | Not publicly disclosed |
Early History
Buylo began as part of the Industrial IT Group, which focuses on integrating modern technology solutions in industrial settings. Since its inception in 2024, the company's focus has been on transforming traditional retail experiences through RFID and AI technologies. The realization that traditional self-checkout systems were inefficient drove the founders to explore better solutions, ultimately leading to the establishment of Buylo. With initial successes in pilot projects, Buylo quickly expanded its solutions to include broader retail applications, paving the way for its notable market presence today.
Company Profile and Achievements
Buylo's business model centers around providing cutting-edge retail technologies to mid-sized retailers who typically lack resources to develop in-house solutions. Key achievements include:
- Securing Significant Investment: Buylo successfully secured €640,000 from Purple Ventures to drive international growth.
- Innovative Technology Development: Focused on combining RFID technology with AI to create seamless retail environments that include quick self-checkouts and efficient inventory systems.
- Strategic Partnerships: By partnering with Numero Uno and YOYOSO, Buylo has expanded its retail technology footprint across Central and Eastern Europe.
- Pilot Programs and Global Reach: Rapid establishment of international operations through strategic incubator programs in the USA.
Current Operations and Market Position
Buylo is at the forefront of retail automation, positioned as an accessible alternative to the comprehensive systems of retail giants. Its competitive edge lies in providing enterprise-level technology to smaller and medium-sized retailers, promoting efficiency and innovation. The company taps into a growing global retail automation market, projected to reach nearly $72 billion by 2034. Buylo's technological solutions facilitate real-time store monitoring, expedited checkout processes, and enhanced customer engagement through personalized offers, thereby cementing its role in the increasingly digital retail landscape.
Conclusion
Buylo has emerged as a significant player in the retail technology sector with its advanced RFID solutions that promise to revolutionize physical retail experiences. As a company determined to make shopping more efficient and personalized, Buylo is poised to expand its international footprint and continue developing innovative technologies for retailers worldwide. The company's future trajectory appears robust, with ample opportunities for further growth and market penetration. As it continues to align its offerings with modern retail demands, Buylo is set to influence the industry's evolution significantly.