navNote, an artificial intelligence company developing an AI operating system for retail businesses, has secured private investment to accelerate the development and expansion of its technology platform. The company is building AI-powered tools designed to help retailers automate store operations, improve field execution, and gain deeper insights from operational data.

The company is privately backed by CurrencyM Ventures, The Moinian Group, and Cook Investing. The investment will support navNote’s continued product development, customer growth, and efforts to expand its AI-driven retail operations platform.

Founded in 2025 by Esmaeil Mousavi and Niklas Kennedy, navNote began as a research project at Weber State University before evolving into a technology company focused on applying artificial intelligence to physical retail operations. The company is headquartered in San Jose, California, and has also established an innovation presence in New York City.

navNote describes its platform as an “AI OS for retail,” designed to provide AI agents that can manage and support a wide range of store operations. The company’s technology focuses on areas including retail audits, planograms, pricing, promotions, competitive intelligence, and field team management. Its platform is available across native mobile applications and web-based dashboards, allowing retailers to manage operations across multiple locations.

The company’s funding comes as retailers increasingly explore artificial intelligence solutions to improve efficiency and decision-making. Retail operators often manage complex networks of stores, employees, inventory systems, pricing strategies, and customer engagement programs. navNote is developing AI agents intended to help organizations automate operational workflows and provide faster access to insights.

A central part of navNote’s technology is its ability to combine field data collection with artificial intelligence analysis. The company’s platform allows field representatives to capture proof-of-visit photos, which are automatically analyzed through computer vision technology. Operations teams can then use AI tools to review store performance, identify issues, and take action across locations.

navNote also offers flexible deployment options for enterprise customers, including cloud, on-premise, and hybrid configurations. The company highlights these options as important for retailers and consumer brands that require strict data residency, security, or compliance controls.

The company’s investors include CurrencyM Ventures, led by Mitchell Moinian, who is also associated with The Moinian Group. The Moinian Group has supported navNote as part of its investment activities, while Cook Investing has also backed the company’s development.

In addition to investor support, navNote has developed strategic relationships within the retail and technology sectors. The company has a deep technology partnership with mimik Technologies focused on architecture, engineering, and go-to-market efforts. It also lists SAKUU as a strategic partner.

navNote has also collaborated with major grocery retail organizations, including Kroger and its Smith’s and Fred Meyer banners, for API access and operational mentorship. The company has participated in technology programs including the Perplexity Business Fellowship and has showcased its work at OpenAI hackathons.

The company’s leadership team combines experience in artificial intelligence, software engineering, enterprise technology, and retail operations. Founder and CEO Esmaeil Mousavi leads the company’s AI and machine learning initiatives, while co-founder Niklas Kennedy brings experience in software development and systems engineering.

navNote’s platform is designed to address challenges faced by retailers operating large networks of physical locations. Traditional retail management often requires coordination between headquarters, store teams, and field representatives. By introducing AI agents capable of analyzing information and supporting operational decisions, navNote aims to create a more connected approach to retail management.

The company has already gained early traction, reporting paying customers, active pilot programs, and letters of intent to expand its platform beyond retail into adjacent physical operations sectors such as manufacturing-site management and warehouse management.

With backing from CurrencyM Ventures, The Moinian Group, and Cook Investing, navNote plans to continue improving its AI platform and expanding its reach among retailers seeking intelligent automation solutions. As businesses increasingly adopt artificial intelligence to improve operational performance, navNote is positioning itself as a provider of AI-powered infrastructure for the future of physical commerce.

Related Articles