Retail tech company Handshake secures funding for AI platform

Handshake, a little-known retail technology startup, has raised fresh capital to build artificial intelligence tools that could reshape how stores manage their workforce—a move that signals Silicon Valley's growing appetite to automate one of retail's most persistently human functions. The funding comes as major retailers grapple with historically tight labor markets and rising payroll costs, making workforce optimization software an increasingly attractive alternative to hiring. If successful, Handshake's AI platform could accelerate the shift toward algorithmic management in an industry that employs millions of Americans.

Retail Insight Network·Jun 4