Wiseshelf

Company Overview

Snapshot

Founded in July 2016 by Shalom Nakdimon, Yaeer Master, and Oron Branitzky, Wiseshelf operated with 1–10 employees. The company raised $850,000 across one funding round from two investors. In July 2016, Wiseshelf secured seed funding from Nielsen Innovate.

Business overview

Wiseshelf provides an IoT platform for inventory management, offering real-time insights into retail shelves. The company's core technology involves a multi-sensor appliance that detects product counts on shelves, transmitting data to a patented, cloud-based algorithm. This system generates real-time alerts for retailers and suppliers and provides on-shelf visual guidance to streamline planogram compliance and shelf-replenishment processes. Wiseshelf operates within the Business Software sector, serving traditional retail stores and focusing on inventory management and tracking.

Strategic signal

In January 2020, Israeli drugstore chain Super-Pharm implemented Wiseshelf's sensor-based shelf organization technology. This adoption by a major retailer demonstrated the practical application and commercial viability of Wiseshelf's IoT platform for optimizing in-store inventory and operational efficiency, signaling strong market validation for its technology in the retail sector.

Company Intelligence Q&A

What is Wiseshelf's primary business?

Wiseshelf offers an IoT platform designed for inventory management, providing real-time insights into retail shelves to help traditional stores integrate with the Internet of Things.

When was Wiseshelf founded and by whom?

Wiseshelf was founded in July 2016 by Shalom Nakdimon, Yaeer Master, and Oron Branitzky.

What was a key commercial implementation for Wiseshelf?

In January 2020, Israeli drugstore chain Super-Pharm implemented Wiseshelf's sensor-based shelf organization technology to enhance inventory management.

What was Wiseshelf's last known funding event?

Wiseshelf secured $850,000 in seed funding in July 2016 from Nielsen Innovate and Publicis Groupe.

What is the current status of Wiseshelf?

Wiseshelf is currently non-active and ceased to operate in December 2021.