What is Shopic?
Shopic specializes in the development of AI and computer vision technologies designed to bridge the gap between physical retail and digital efficiency. By deploying vision-powered smart carts and real-time loss prevention systems, the company enables large-scale retailers to optimize operational workflows while simultaneously enhancing the consumer journey. Their platform provides actionable insights into shopper behavior, allowing retailers to reduce shrinkage and improve inventory management with minimal infrastructure disruption. As a leader in the smart retail space, Shopic is positioned at the intersection of enterprise-level automation and consumer-facing personalization.
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 Entrée Capital, Tal Capital, IBI Tech Fund, and Claridge Israel
Series B (2022): $35M supported by Clal Insurance, Vintage Investment Partners, and Qualcomm Ventures
Key Investors in Shopic
Clal Insurance
Clal Insurance, founded in 1987 and headquartered in Tel Aviv, Israel, is an insurance company offering travel, life, health, home, car insurance, and more.
Vintage Investment Partners
Founded in 2003, Vintage Investment Partners is headquartered in Israel, with a strong footprint in U.S. and Europe, and over $3.6 billion in assets. The company's role is to be the company's Portfolios blue collar investor and trusted partner, who helps them succeed by delivering invaluable insights, uncovering the right opportunities, and connecting them with other difference makers.
Qualcomm Ventures
Qualcomm Ventures is a global corporate venture firm that invests in early to growth stage technology companies, aiming to support entrepreneurs in building revolutionary businesses. The firm focuses on various sectors including AI, automotive, mobile, enterprise, and smart systems.
What's next for Shopic?
With this major strategic investment, Shopic is well-positioned to accelerate its global expansion and deepen its technological moat. The capital will likely be deployed to scale manufacturing of its smart cart hardware and to refine its proprietary computer vision algorithms. By leveraging the expertise of its institutional backers, Shopic aims to solidify its role as a critical infrastructure provider for the next generation of intelligent, data-driven retail environments. Future efforts will focus on seamless integration with existing point-of-sale systems and expanding its footprint across major international retail chains.
See full Shopic company page
