Drill
Latest round
- Series A
Last raised
- Aug 2022
Total raised
- $5M
Investors
- 2
About Drill
Founded in 2019 in Tel Aviv, Israel, Drill develops technology designed to convert raw data from security cameras into actionable insights on in-store shopper behavior.ShopperAI's core offering is its advanced technology platform that leverages AI algorithms and computer vision to convert raw data from security cameras into actionable insights regarding in-store shopper behavior. This innovative solution enables retailers to gain a comprehensive understanding of customer preferences, engagement, and loyalty, ultimately allowing them to enhance the shopping experience and increase store optimization. The platform provides over 300 data points related to shopper interactions, which are pivotal for improving retail strategies. ShopperAI primarily serves retailers across various sectors, including grocery, apparel, and consumer electronics, with a focus on markets in North America, Europe, and Asia-Pacific.The company generates revenue through a subscription-based model that allows retailers to access its data analytics platform. Clients engage with ShopperAI on a contractual basis, paying fees that correspond to the level of service and insights provided. This transactional structure includes tiered pricing plans based on the scale of implementation and the number of in-store cameras integrated with the system. Retailers benefit from immediate insights after a week's onboarding period, with the potential for ongoing revenue growth as they implement recommendations and optimize their stores based on ShopperAI's findings. The company aims to launch additional features and products that leverage this technology in the near future, while also targeting expansion into new geographic regions, particularly in North America and Europe, to capture a broader customer base.
Who invested in Drill
2 investors across 1 round
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Funding rounds
Series A
Aug 22, 2022
Amount
$5M
Investors
Questions about Drill
Who invested in Drill?
Drill has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Drill raised?
Drill has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Drill last raise money?
Drill's most recent round on record is a Series A, in Aug 2022.
What does Drill do?
Founded in 2019 in Tel Aviv, Israel, Drill develops technology designed to convert raw data from security cameras into actionable insights on in-store shopper behavior.
Where is Drill headquartered?
Drill is headquartered in Tel Aviv, Israel.
Which VCs invest in companies like Drill?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Drill's stage. Their profiles are linked below.
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