Lenskart acquires AI computer vision startup TangoEye

Eyewear retailer Lenskart has acquired Chennai-based TangoEye, an AI-based computer vision startup, which analyses CCTV recordings of stores to provide analytics, optimise customer flow and ensure proper adherence to all processes.With this acquisition, Lenskart, which has been an early investor in the startup, plans to use visual AI technology in improving store experience as well as its product experience.TangoEye had raised $500,000 led by Lenskart, Riso Investments and Gaurav Gulati in October 2020.