Finance Veteran John Hyun Joins Grabango as CFO, as Leading Checkout-Free Tech Provider Expands Globally
BERKELEY, Calif., March 05, 2024--(BUSINESS WIRE)--John Hyun has joined Grabango as Chief Financial Officer, bringing decades of software industry finance and operations experience. Hyun has led multiple financing, IPO and M&A transactions representing more than $6 billion in value.
"John has deep expertise in finance and deal-making and has driven impressive results across an array of businesses spanning analytics, legal tech, ad tech, and gaming," said Will Glaser, Founder and CEO of Grabango. "I am thrilled John is joining our team. He'll play a critical role as we scale Grabango globally and prepare for the next stage."
Grabango provides checkout-free technology to leading retail chains, including Chevron, Circle K, Copec, and 7-Eleven. Grabango uses computer vision to identify every item in the store and to know where each is at all times. This allows shoppers to skip the line with a checkout-free exit experience. With Grabango, retailers do not have to make any changes to a store’s planograms or products, and the technology is installed without any store disruption or impact on shoppers.
"Grabango’s checkout-free technology is changing the game, providing a first-of-its-kind approach to streamlining the checkout experience," said Hyun. "Retail is a thin-margin business. By automating the checkout process, Grabango drives significant ROI for retailers by increasing top-line revenue while reducing operating costs. I’m excited to join this rocketship of a company - my software and retailer experiences align closely with Grabango’s business goals, and the team is extraordinary."
Hyun joins Grabango from Mode Analytics, a leading SaaS analytics provider, where as CFO, he led finance and corporate development, expanded internationally through M&A, and led the sale of the company for more than $200 million. Hyun was previously VP Finance at Rocket Lawyer, a fast-growing SaaS legal tech company, and YuMe, a leading video advertising technology provider, where he helped lead IPO readiness. He also has experience as an investment and corporate banker with clients including Kroger, US Foods, Nike, and Harry & David.
About Grabango
Grabango is the leading provider of checkout-free technology for large-scale chains. Grabango delivers a next-generation shopper experience and is the only enterprise-class, checkout-free solution suitable for operation in existing stores. The Grabango platform is a fault-tolerant, edge-computing, AI network that accurately processes millions of simultaneous transactions. The system places no limits on who can enter the store, what can be sold there, or how the shelving is configured. For more information, visit www.grabango.com.
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