This site uses cookies to ensure the best viewing experience for our readers.
Israeli companies Stor.ai and Trax partner to simplify online orders for U.S. retailers

Israeli companies Stor.ai and Trax partner to simplify online orders for U.S. retailers

The partnership will provide grocers with access to Trax’s on-demand crowd marketplace

James Spiro | 13:29  13.05.2021

E-commerce, fulfillment, and delivery software company Stor.ai has partnered with Trax, a computer vision solution for retail intelligence, to help North American grocery retailers with a holistic solution for processing, fulfilling, and delivering online orders. The combination of Stor.ai's Picking App and Trax's on-demand crowd marketplace will help retailers respond to the rise in online order increases more efficiently and cost-effectively.

Since the outbreak of Covid-19, the acceleration of online grocery shopping has increased pre-pandemic estimations, with the value of digital grocery sales in 2025 now 60% higher than predictions were in 2019. This boom has increased the need for grocers to operate in an online space and integrate updated methods to make picking, delivery, and collection services cheaper and more efficient.

Trax founders Dror Feldheim (left) and Joel Bar-El. Photo: PR Trax founders Dror Feldheim (left) and Joel Bar-El. Photo: PR Trax founders Dror Feldheim (left) and Joel Bar-El. Photo: PR

"With the exponential increase in online sales there is a clear need to provide holistic solutions for retailers to provide customers with positive online shopping experiences without straining their budgets," said Mendel Gniwisch, EVP Business Development, Stor.ai. "I am delighted to partner with Trax, a trailblazer in the industry, to further our ambition to create a one-stop solution which is easily accessible for all kinds of grocers, who are constantly striving to preserve their unique and distinguishing features while offering consumers the conveniences they have come to expect."

The partnership helps grocers respond to the transformation as Stor.ai will incorporate Trax Flexforce, an on-demand crowd marketplace, into its offering for grocers and help them integrate their physical and online presence. Currently, Flexforce has 1.4 million retail representatives across America.

Related Stories

"Our partnership with Stor.ai further enables us to meet the growing demand for transformational solutions to longstanding retail pain points," said Bob Kothari, Chief Revenue Officer of Trax. "With online grocery shopping continuing to rise, we are pleased to partner with Stor.ai to help retailers adapt to this unprecedented period of industry growth."

Stor.ai, formerly Self Point, was founded in 2011 and supports food retailers during their online transition by integrating fulfillment methods while assisting in the customer experience. Trax, co-founded in 2010 by Joel Bar-El (CEO) and Dror Feldheim (CCO), provides image recognition technology and market data services for tier-one manufacturers. Its recent funding of $640 million in April 2021 contributed to Israel’s record-breaking day of investment where the country received $1 billion in a single day.

share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS