Shopic

Mobile Self-checkout

Fintech & Insurtech
Private

Company Overview

Snapshot

Founded in February 2015 by Raz Golan and Eran Kravitz, Shopic operates with 51–200 employees. The company has secured $54.1 million in total capital across 5 funding rounds from 12 investors. In August 2022, Qualcomm Ventures led a funding round for Shopic.

Business overview

Shopic develops a platform that provides mobile self-checkout and AI-powered fraud detection solutions, aiming to create a complete frictionless in-store experience. The company's core products include Mobile Checkout and CartWatch, serving the retail and e-commerce sectors, particularly supermarkets and omni-channel distribution channels. Shopic operates within the Fintech & Insurtech sector, leveraging artificial intelligence and image recognition technologies to enhance the shopping experience for consumers and businesses.

Strategic signal

In May 2023, Shopic announced it would present its smart cart solution at the Microsoft Experience Center in Munich. This event signals the company's continued efforts to expand its market presence and validate its technology through strategic partnerships and showcases, indicating a focus on international growth and technological adoption within the retail industry.

Company Intelligence Q&A

What is Shopic's primary offering?
Shopic provides mobile self-checkout and AI-powered fraud detection solutions, evolving towards a complete frictionless in-store experience for retailers.
When was Shopic founded and by whom?
Shopic was founded in February 2015 by co-founders Raz Golan and Eran Kravitz.
What was a significant recent development for Shopic?
In May 2023, Shopic showcased its smart cart solution at the Microsoft Experience Center in Munich, highlighting its ongoing market engagement and technology adoption efforts.
Which investors participated in Shopic's August 2022 funding round?
In August 2022, Qualcomm Ventures led a funding round for Shopic, with participation from.
What was a key funding event for Shopic in July 2021?
In July 2021, Claridge Israel led a funding round for Shopic, with participation from.

External links