Cust2Mate Overview
Cust2Mate offers a customized grocery-shopping experience by combining shopping list data with a smart shopping cart. The combination of data enables the company's machine-vision technology to learn and predict the likely outcome of sales, coupons, and special offers targeted to the individual store or consumer. Cust2Mate intends to work with point-of-sale vendors by integrating shopping carts with an in-store navigational system to speed up shopping trips. Customers simply input their shopping list into the mobile app, and the smart cart will guide them through the store.
Latest News
growth-positive
Cust2Mate's new deal to bring 20,000 Israeli smart carts to Asia
Israeli smart shopping cart developer, Cust2mate, is set to expand into Southeast Asia, specifically Malaysia and Thailand. The company plans to introduce approximately 20,000 smart carts into leading retail chains across the region by 2025. The smart carts, which use artificial intelligence and advanced technologies, offer features such as decision-making support, access to shopping lists and messages, diverse payment methods, and a large screen for targeted advertising. The expansion is facilitated by a strategic partnership with HEX 1011, a leading integrator of technological solutions for retail chains.
ExpandPartners
growth-positive
A2Z Smart Technologies agrees Cust2mate smart cart partnership with Lenovo Group - Retail Technology Innovation Hub
A2Z Smart Technologies Corp. announced a pilot programme for its Cust2Mate smart carts with Thailand’s The Mall Group. The integration with the Fujitsu PoS system will be run in five stores, allowing shoppers to skip lines and enabling retail grocers to direct shoppers to discounted products. The company aims to expand into new markets worldwide and has existing integrations with NCR and Toshiba PoS systems. The partnership with Lenovo for the Cust2Mate platform is seen as a key factor in the companys growth.
PartnersExpand
growth-positive
Israel's Yochananof, HaStock boost investment in smart carts
Israeli retailer Yochananof plans to expand its deployment of Cust2mates smart carts by purchasing up to 1,700 additional carts. This move demonstrates increased confidence in implementing smart cart technology and shows that Israeli retailers are embracing technological innovation to improve the shopping experience. The smart carts allow customers to shop without waiting in line and come equipped with advanced features. Yochananofs decision to expand its deployment is a testament to customer satisfaction and the desire to gather valuable data on customer behavior. HaStock, another Israeli retailer, has also ordered 1,000 smart shopping carts from Cust2mate, indicating growing interest in the technology. The adoption of smart cart technology by Israeli retailers signals a shift towards a more advanced and convenient shopping experience.
CustomersExpand
growth-positive
HaStok chain to install Cust2Mate smart shopping carts
A2Z Smart Technologies Corp. has signed an agreement with HaStok Concept Ltd. to provide its smart shopping carts for use in HaStoks 40 stores in Israel. The agreement involves an investment of NIS 30 million and includes the purchase of 1,000 smart carts. The carts use advanced data services to recognize and calculate the total cost of purchases in real-time. A2Z Smart Technologies Corp. plans to continue expanding in Israel and globally, creating a range of carts for different retail chains. HaStok expects the smart carts to enhance the shopping experience for customers and reduce operating costs. The partnership with HaStok is part of A2Z Smart Technologies Corp.s growth strategy.
PartnersInvestment
growth-positive
Israeli startup inks NIS 30m deal to deploy smart carts at local home design stores
Israeli startup A2Z Smart Technologies has signed a deal with Hastok home design and household concept stores to roll out 1,000 of its smart pick-and-go, self-checkout shopping carts across the country. The deal, valued at NIS 30 million ($8.3 million), includes an upfront order payment, a guaranteed monthly payment, and a revenue share agreement. The smart shopping platform developed by A2Z’s subsidiary Cust2Mate is based on a computer-vision system technology that automatically scans selected products as customers place them into the cart. The smart cart also has a payment system for shoppers to skip the checkout line.
PartnersExpand
| Sector | Business Software |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | cust2mate.com/ |
Locations
Yigal Alon St 94, Tel Aviv-Yafo, 6789155, Israel
Photos & Videos
2 item(s)
Cust2Mate Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Business SoftwareSales & Marketing SolutionsTarget Customer
Commerce & RetailDistribution ChannelsSupermarketsCore Technology
Simulation & ImagingVirtual RealityPlatforms & InterfacesWebMobileArtificial IntelligenceDeep LearningMachine LearningTags (11)
artificial-intelligencein-store-digitalizationretailpoint-of-salemobile-applicationspaymentscustomer-experiencesupermarketsshopping-experiencemachine-learningmachine-visionGeographic Markets
GlobalCust2Mate Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
0
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
Nov 2020
$1.57M
Cust2Mate Lifecycle
All Events
MNAEvent
Nov 2020
$1.57M
Cust2Mate News
10 articles
growth-positive
Cust2Mate's new deal to bring 20,000 Israeli smart carts to Asia
Israeli smart shopping cart developer, Cust2mate, is set to expand into Southeast Asia, specifically Malaysia and Thailand. The company plans to introduce approximately 20,000 smart carts into leading retail chains across the region by 2025. The smart carts, which use artificial intelligence and advanced technologies, offer features such as decision-making support, access to shopping lists and messages, diverse payment methods, and a large screen for targeted advertising. The expansion is facilitated by a strategic partnership with HEX 1011, a leading integrator of technological solutions for retail chains.
ExpandPartners
growth-positive
A2Z Smart Technologies agrees Cust2mate smart cart partnership with Lenovo Group - Retail Technology Innovation Hub
A2Z Smart Technologies Corp. announced a pilot programme for its Cust2Mate smart carts with Thailand’s The Mall Group. The integration with the Fujitsu PoS system will be run in five stores, allowing shoppers to skip lines and enabling retail grocers to direct shoppers to discounted products. The company aims to expand into new markets worldwide and has existing integrations with NCR and Toshiba PoS systems. The partnership with Lenovo for the Cust2Mate platform is seen as a key factor in the companys growth.
PartnersExpand
growth-positive
Israel's Yochananof, HaStock boost investment in smart carts
Israeli retailer Yochananof plans to expand its deployment of Cust2mates smart carts by purchasing up to 1,700 additional carts. This move demonstrates increased confidence in implementing smart cart technology and shows that Israeli retailers are embracing technological innovation to improve the shopping experience. The smart carts allow customers to shop without waiting in line and come equipped with advanced features. Yochananofs decision to expand its deployment is a testament to customer satisfaction and the desire to gather valuable data on customer behavior. HaStock, another Israeli retailer, has also ordered 1,000 smart shopping carts from Cust2mate, indicating growing interest in the technology. The adoption of smart cart technology by Israeli retailers signals a shift towards a more advanced and convenient shopping experience.
CustomersExpand
growth-positive
HaStok chain to install Cust2Mate smart shopping carts
A2Z Smart Technologies Corp. has signed an agreement with HaStok Concept Ltd. to provide its smart shopping carts for use in HaStoks 40 stores in Israel. The agreement involves an investment of NIS 30 million and includes the purchase of 1,000 smart carts. The carts use advanced data services to recognize and calculate the total cost of purchases in real-time. A2Z Smart Technologies Corp. plans to continue expanding in Israel and globally, creating a range of carts for different retail chains. HaStok expects the smart carts to enhance the shopping experience for customers and reduce operating costs. The partnership with HaStok is part of A2Z Smart Technologies Corp.s growth strategy.
PartnersInvestment
growth-positive
Israeli startup inks NIS 30m deal to deploy smart carts at local home design stores
Israeli startup A2Z Smart Technologies has signed a deal with Hastok home design and household concept stores to roll out 1,000 of its smart pick-and-go, self-checkout shopping carts across the country. The deal, valued at NIS 30 million ($8.3 million), includes an upfront order payment, a guaranteed monthly payment, and a revenue share agreement. The smart shopping platform developed by A2Z’s subsidiary Cust2Mate is based on a computer-vision system technology that automatically scans selected products as customers place them into the cart. The smart cart also has a payment system for shoppers to skip the checkout line.
PartnersExpand
growth-positive
חברת העגלות החכמות A2Z נכנסת לטורקיה
Israeli company A2Z has signed a partnership agreement with Turkish supermarket chain Ticaret Migros to implement its smart shopping carts in the chains stores. The potential deal is estimated to be worth tens of millions of dollars. A2Z has also signed similar agreements with distributors in the US, Europe, and Asia, and plans to expand globally. The companys smart shopping carts identify items and offer promotions to customers during their shopping experience. A2Z has already implemented its carts in Israeli supermarket chain Yochananof, and expects to roll them out to all their stores by the end of the year.
Partners
growth-positive
A2Z Smart Technologies Nominates Mr. Gadi Graus to Cust2Mate's Board of Directors
A2Z Smart Technologies Corp. has nominated Gadi Graus to the Board of Directors of its subsidiary, Cust2Mate Ltd. The company has also granted Restricted Share Units (RSUs) and options to its directors, officers, and advisers. The RSUs will vest at the recipients discretion and convert into common shares. The options allow the director to subscribe for up to 900,000 common shares at a specific price. A2Z Smart Technologies Corp. creates innovative solutions for the retail market, including a mobile self-checkout shopping cart called Cust2Mate.
Management Changes
growth-positive
A2Z Smart Carts are Revolutionizing the Worldwide Shopping Experience | CTech
A2Z, an Israeli high-tech company, is experiencing growth-positive impact with its flagship product, the Cust2Mate smart shopping cart. The cart revolutionizes the shopping experience and boosts customer engagement. A2Z has secured large customers such as Israels Defense Ministry, IDF, Israel Police, Israel Electric Corporation, and Israel Railways. The company is expanding internationally, with pilots in New York, Mexico, Europe, South America, and the Far East. A2Z is traded on the Nasdaq and Canadian TSX Venture Exchange, and it has been named one of the Ten Leading Technology Companies in Canada. Benchmark, a leading US analyst, has given A2Z a buy recommendation with a target price of $18 USD.
CustomersPartnersExpand
growth-positive
A2Z Smart Technologies Provides Additional Information on Its Previously Announced Financing of CAD$8,344,000 and the Acquisition of Cust2Mate Ltd.
A2Z Smart Technologies Corp. has provided additional information regarding its previously announced private placement financing of CAD$8,344,043 and its acquisition of control of Cust2Mate Ltd. The investment was facilitated by Orion Underwriting and included leading Israeli financial institutions. A2Zs strategic partner, M. Yochananof and Sons 1988 Ltd., invested an amount of US$2 million. The funds will be used for the rollout and marketing of advanced Cust2mate products and corporate advancements. Cust2Mates primary product is a smart cart which enables shoppers to checkout automatically without having to pass through the cashier.
InvestmentAcquisition
growth-positive
Cust2Mate Fast-Tracks Business Launch with VANTIQ Modelo - VANTIQ
VANTIQ has announced that Cust2Mate used their application development platform to redesign and deploy a new retail smart cart shopping application in just six weeks. Cust2Mates first customer, one of the top five grocery store chains in Israel, recently launched this project. The smart shopping cart allows consumers to create a shopping list online and use an application-driven touch screen on the retailers shopping carts to be guided to items in the store. As consumers place items in the cart, they are verified using an automated barcode reader and weight sensor. Retailers can push suggestions to the consumers as they make their way through the store. VANTIQs platform enables a reduction in development times for real-time, event-driven applications.
CustomersPartners
Cust2Mate Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 36 |
| Team members | 3 |
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Cust2Mate Internal
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Admin Info
| Confidence | 99/100 |
| Missing | funding rounds, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515021202 |
| Crunchbase | cust2mate |
| Phone | +97233732288 |
| Creator | Matan Bostick |
| Creator email | mbostick@umail.ucsb.edu |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-06-05T00:00:00.000Z |
| Created | 2017-07-10T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by A2Z Advanced Solutions on Nov, 2020 |