# Shopic Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shopic-technologies

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.shopic.co
- Total disclosed funding: $45M
- Latest round: Series B (Aug 9, 2022)
- Investors on record: 9

## About

Shopic Technologies Ltd., based in Israel, specializes in AI-driven computer vision solutions that enhance retail operations and improve customer experiences through innovative technologies.Founded in 2016 and headquartered in Tel Aviv, Israel, Shopic Technologies Ltd. focuses on transforming retail through AI-powered solutions. The company has successfully raised USD 35.00 mn in its Series B round led by Qualcomm Ventures in August 2022, with other notable investors including Clal Insurance Company and Shufersal Ltd. The firm has completed a total of 8 deals since inception, reflecting its commitment to growth in the retail technology sector.Shopic's primary offerings revolve around its AI-powered computer vision solutions designed to enhance the retail shopping experience and streamline store operations. The core products include the Vision-Powered Loss Prevention system, which utilizes real-time item-level recognition to address shrinkage and fraud at self-checkout points, and the Vision-Powered Smart Cart, a clip-on device that transforms standard shopping carts into smart carts that provide instant item recognition and facilitate frictionless checkout. Additionally, Shopic offers Retail Media solutions that enable targeted advertising within stores, and Store Analytics tools that deliver real-time insights on customer behavior and inventory management. These solutions have been adopted by prominent retailers across various geographical markets, including North America, Europe, and parts of Latin America, serving a diverse client base that includes large supermarket chains and grocery retailers.Shopic generates revenue through partnerships with retail clients, where its products are integrated into existing store infrastructures. The company operates on a B2B model, providing its AI solutions to retailers who pay for the deployment and usage of these systems. Transactions typically involve subscription agreements for ongoing software support and analytics services, alongside potential revenue-sharing arrangements for Retail Media offerings. The company’s flagship products, such as the Vision-Powered Smart Cart and Loss Prevention solutions, are priced to reflect their value in reducing operational costs and enhancing customer experiences. This pricing structure allows retailers to benefit from improved efficiencies and increased sales while leveraging Shopic's advanced technology to drive their business strategies.In August 2022, Shopic Technologies Ltd. raised USD 35.00 mn in Series B funding led by Qualcomm Ventures, with plans to utilize this capital to expand its global market reach. The company is focused on launching new products that enhance retail experiences and is exploring expansion into additional markets across Europe and Latin America by 2024.

## Funding rounds

- Series B, Aug 9, 2022, $35M — Vintage Investment Partners, Qualcomm Ventures, Clal Insurance Company, Claridge Israel, IBI Tech Fund, Tal Ventures, Shufersal Ltd
- Series B, Apr 1, 2022 — Tal Ventures
- Series A, Jun 1, 2021 — Tal Ventures
- Series A, Jul 14, 2020, $7.6M — Entree Capital, IBI Tech Fund
- Seed, Jun 4, 2017, $2.4M — Entree Capital, SeedIL Ventures

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed, Series A
- SeedIL Ventures (https://capitalatlas.ai/funds/seedil-ventures) — Seed
- IBI Tech Fund (https://capitalatlas.ai/funds/ibi-tech-fund) — Series A, Series B
- Tal Ventures (https://capitalatlas.ai/funds/tal-ventures) — Series A, Series B
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B
- Clal Insurance Company — Series B
- Claridge Israel (https://capitalatlas.ai/funds/claridge-israel) — Series B
- Shufersal Ltd — Series B