Grabango announced that John Hyun has joined 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,” Will Glaser, founder and CEO of Grabango, said in the announcement. “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,” Hyun said in the announcement. “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.
