Shopic

Company Overview

Snapshot

Founded in February 2015 by Raz Golan and Eran Kravitz, Shopic operates with 51–200 employees. The company has raised $54.1M across 5 funding rounds from 12 investors. In August 2022, Shopic secured a B Round of funding, led by Qualcomm Ventures.

Business overview

Shopic develops a platform offering 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 sector, particularly supermarkets, by enhancing operational efficiency and customer experience. Shopic operates within the Fintech & Insurtech sector, leveraging artificial intelligence and image recognition technologies for its mobile and web platforms.

Strategic signal

In May 2023, Shopic announced its participation to present its solution at the Microsoft Experience Center in Munich. This event signals the company's strategic focus on market expansion and validation through partnerships with major technology players, indicating a push for broader adoption of its smart cart technology in the retail industry.

Company Intelligence Q&A

What is Shopic's primary offering?

Shopic provides mobile self-checkout and AI-powered fraud detection solutions to create a frictionless in-store shopping experience for retailers.

When was Shopic founded and by whom?

Shopic was founded in February 2015 by Raz Golan and Eran Kravitz.

What was Shopic's most recent funding round?

In August 2022, Shopic secured a B Round of funding, led by Qualcomm Ventures, with participation from. The round raised $35 million.

Which investors participated in Shopic's July 2021 funding round?

In July 2021, Claridge Israel led a funding round for Shopic, with participation from.

What was a key strategic event for Shopic in May 2023?

In May 2023, Shopic was scheduled to present its solution at the Microsoft Experience Center in Munich, highlighting its market presence and technology showcase efforts.