Turkish Entrepreneurs’ Startup CornerBox Secures $1M Investment for AI-Driven Retail Expansion

Dutch startup CornerBox, founded by Turkish entrepreneurs in Rotterdam, has raised $1 million in pre-seed funding at a $10 million valuation. The company, launched within the Cambridge Innovation Centre (CIC), focuses on developing AI-powered robotic retail solutions that enable 24/7 product access. The funding will be used for product development, expansion into new markets, and scaling operations.

Turkish Entrepreneurs’ Startup CornerBox Secures $1M Investment for AI-Driven Retail Expansion
Turkish Entrepreneurs’ Startup CornerBox Secures $1M Investment for AI-Driven Retail Expansion

Dutch startup CornerBox, founded by Turkish entrepreneurs in Rotterdam, has raised $1 million in pre-seed funding at a $10 million valuation. The company, launched within the Cambridge Innovation Centre (CIC), focuses on developing AI-powered robotic retail solutions that enable 24/7 product access. The funding will be used for product development, expansion into new markets, and scaling operations.

AI-Powered Retail Solutions by Turkish Entrepreneurs

Established in 2024 by Deniz Guloglu, Bulent Egrilmez, Gurol Uzenc, and Seren Alpsan, CornerBox offers a smart retail platform integrating AI and robotic technologies. The system enables businesses to deploy autonomous sales points in various locations, including urban areas, university campuses, business hubs, and public transport stations. By leveraging automation, the company aims to provide a cost-effective and scalable retail solution.

CornerBox logo

The CornerBox system operates autonomously, offering customers instant access to products without requiring human intervention. This approach enhances operational efficiency while ensuring a seamless shopping experience. The company’s vision aligns with the growing trend of AI-driven retail transformation, positioning itself as an innovative player in the sector.

Utilization of Funds and Growth Strategy

With the newly secured investment, CornerBox will initially focus on strengthening its presence in the Netherlands. The funding will support the development of its technology infrastructure, expanding pilot projects, and preparing for international market entry. The company’s long-term goal includes global expansion, leveraging AI to redefine retail automation.

Operating within the CIC, a global entrepreneurship hub that provides networking opportunities and investor connections, gives CornerBox a strategic advantage in scaling its business. The startup benefits from an innovation-driven ecosystem that supports tech-based ventures in their growth journey.

The Turkish founders of CornerBox bring expertise in retail, technology, and entrepreneurship, positioning the company for expansion through strategic management and AI-driven retail solutions. Their objective is to refine automated retail technology and establish a strong foothold in both local and international markets.