STOREE completes $8 million seed round for retail store management
The startup uses artificial intelligence to optimize store performance. Funds will be used to expand the company's operations in Israel and abroad
CTech | 13:59 04.08.2021
The Israeli startup STOREE, which develops a technological system for automatic management of retail chain stores, announced on Wednesday that it had raised $6.8 million, completing an $8 million seed round. The round was led by private investors along with retail and consumer stores, including the American jewelry corporation Signet Jewelers. Funds will be used to extend the company's operations in Israel and abroad. The company’s store-management technological system enables automatic, smart, and efficient operation of sales teams and exhibition spaces using data science and business intelligence. The product advances retail chains operations’ by enabling its algorithm to regulate stock storage, exhibition spaces, sales amplification, and automatic tasks for the organization's employees. These reduce the need for human resources and are cost-saving.