Nexite

Company Overview

Snapshot

Founded in July 2018 by Anat Shakedd and Lior Shakedd, Nexite operates with 51–200 employees. The company has raised a total of $100 million across 3 funding rounds from 6 investors. In May 2022, Nexite secured Series C funding, further advancing its connected merchandise platform.

Business overview

Nexite provides a connected merchandise platform that links physical retail products to the cloud, offering retailers an automated in-store technology solution to boost sales and enhance customer experiences. Its core technology leverages real-time merchandise performance, availability, and location data to deliver in-store customer journey analytics, including insights into engagement, abandonment, and conversion. This data helps retailers optimize merchandise assortments, inventory allocation, and store layouts through live heat maps. Nexite's solution also integrates secure frictionless commerce and post-purchase applications, serving the retail industry within the Business Software sector, specifically focusing on e-Commerce Tools and Sales & Marketing Solutions.

Strategic signal

In August 2022, Nexite was highlighted as a key player in the emerging startups landscape for in-store retail tech, emphasizing the growing trend of integrating AI into retail management. This recognition signals the company's strong position in leveraging artificial intelligence and connected merchandise solutions to transform the retail sector, indicating potential for continued innovation and market leadership in enhancing in-store customer experiences and operational efficiency.

Company Intelligence Q&A

What is Nexite's primary business?

Nexite offers a connected merchandise platform that links physical retail products to the cloud, providing automated in-store technology solutions for retailers to drive sales and improve customer experiences.

When was Nexite founded and by whom?

Nexite was founded in July 2018 by co-founders Anat Shakedd and Lior Shakedd.

What was a significant funding event for Nexite?

In May 2022, Nexite secured Series C funding from investors including Saban Ventures.

Which investors participated in Nexite's Series A round?

In January 2018, Nexite received Series A funding from investors including Battery Ventures.

How does Nexite's technology benefit retailers?

Nexite's platform provides real-time data on merchandise performance, availability, and location, enabling retailers to optimize inventory, personalize customer journeys, and improve store operations through insights like live heat maps and frictionless commerce.