Shopic raises $10 million for smart shopping cart
The Israeli startup has developed an AI-powered clip-on device that can turn any standard shopping cart into a smart cart
Meir Orbach | 19:18, 13.07.21
Israeli startup Shopic, which has developed a retail AI solution, announced on Tuesday that it has raised an additional $10 million in equity funding led by technology growth investor Claridge Israel, with the participation of the company’s existing investors, Entrée Capital, IBI Tech Fund, and Tal Capital. Oded Tal, Founding Managing Partner of Claridge Israel, will be joining Shopic’s Board of Directors. Shopic, which has raised $21 million to date, plans to use the funding to expand its commercial activity and recruit additional employees. Shopic has developed an AI-powered clip-on device that can turn any standard shopping cart into a smart cart. It can be deployed with minimal modifications to a store’s infrastructure and layout and still deliver the full benefits of smart cart shopping – including a shopping experience without checkout lines while offering a personalized store journey with contextualized promotions.