Amazon’s $1B Industrial Innovation Fund has backed Cambridge Terahertz, a startup developing compact 3D imaging technology to combat return fraud by allowing for visual inspection of unopened packages, following a $12M seed round led by Felicis. The technology, initially developed from MIT research to detect concealed items, is being applied to supply chains and security, with potential uses ranging from border fentanyl detection to warehouse quality control. With just 10 employees, Cambridge is now scaling to productize its handheld scanner, marking Amazon’s broader interest in AI and imaging innovation for operational efficiency and fraud prevention.
Amazon Venture Fund Backs Startup Developing Fix for Return Fraud
