What is Shopic?
Shopic leverages advanced AI and computer vision to revolutionize the retail sector. Their technology suite includes smart carts, loss prevention systems, and real-time analytics, all designed to create more personalized and seamless shopping experiences for consumers while empowering retailers to enhance operational efficiency and mitigate losses. By focusing on minimal disruption to existing infrastructure, Shopic targets major retail enterprises seeking to integrate cutting-edge, data-driven solutions into their physical stores, aiming to boost both customer satisfaction and overall business performance.
How much funding has Shopic raised?
Shopic has raised a total of $52.6M across 3 funding rounds:
Series A
$7.6M
Unspecified
$10M
Series B
$35M
Series A (2020): $7.6M with participation from Entrée Capital and IBI Tech Fund
Unspecified (2021): $10M led by Tal Capital, IBI Tech Fund, Claridge Israel, and Entrée Capital
Series B (2022): $35M supported by Clal Insurance, Vintage Investment Partners, and Qualcomm Ventures
Key Investors in Shopic
Clal Insurance
Clal Insurance is an established Israeli insurance company that has participated in Shopic's Series B funding round.
Vintage Investment Partners
Vintage Investment Partners, an Israeli-based firm with a significant asset base, acted as a portfolio investor in Shopic's Series B financing.
Qualcomm Ventures
Qualcomm Ventures, the corporate venture arm of Qualcomm, invests in early to growth-stage technology companies and was a participant in Shopic's Series B funding round, likely focusing on AI and mobile-related innovations.
What's next for Shopic?
With its recent major strategic investment, Shopic is poised for accelerated growth and further development of its AI-driven retail solutions. This capital infusion is expected to fuel expansion into new markets, enhance product innovation, and strengthen its competitive position in the rapidly evolving retail technology landscape. The company's focus on enterprise-level solutions suggests a strategic push towards larger retail partnerships and deeper integration of its vision-powered technologies to redefine the future of in-store commerce.
See full Shopic company page
