The news: Grabango will shut down its operations after failing to secure enough funding, per CNBC.

• Grabango launched in 2016, and its cashierless technology had been positioned as a rival against Amazon’s Just Walk Out.
• Grabango boasted tie-ups with grocery stores like Aldi and convenience stores like 7-Eleven and Circle K.

The bigger picture: Despite Grabango’s closure, the rest of the cashierless tech industry is still chugging along.