Company Overview
Snapshot
Founded in July 2018 by Anat Shakedd and Lior Shakedd, Nexite operates with 51–200 employees. The company has raised $100 million across 3 funding rounds from 6 investors. In May 2022, Nexite secured a Series C investment, led by Pitango Growth.
Business overview
Nexite provides a connected merchandise platform that links physical retail items to the cloud, offering an automated in-store technology solution for retailers. Its core technology utilizes battery-free, long-range communication tags to generate real-time data on merchandise performance, availability, and location. This enables retailers to gain insights into customer journey analytics, optimize inventory and space utilization, and enhance the in-store experience through secure frictionless commerce and digital product content. Nexite operates within the Business Software sector, specifically focusing on Sales & Marketing Solutions and e-Commerce Tools for the Commerce & Retail industry.
Strategic signal
In August 2022, Nexite was highlighted as a key Israeli startup leveraging AI to revolutionize retail management. This signals the company's continued relevance and growth potential within the evolving retail technology landscape, emphasizing its role in providing real-time in-store intelligence to help retailers adapt to digital demands and improve customer experiences.
Log in to access full profile ›Company Intelligence Q&A
- What was Nexite's most recent funding round?
- In May 2022, Nexite completed a Series C funding round. The round was led by Pitango Growth and Saban Ventures.
- What is Nexite's total capital raised to date?
- Nexite has raised a total of $100 million across 3 funding rounds.
- What is the core technology behind Nexite's platform?
- Nexite's platform utilizes patented battery-free NanoBT tags and long-range communication technology to connect physical merchandise to the cloud, providing a continuous stream of real-time in-store data.
- How does Nexite's solution benefit retailers?
- Nexite's solution helps retailers drive sales and enhance customer experiences by providing real-time insights into merchandise performance, availability, and location. This data supports optimizing merchandise assortments, inventory allocation, space utilization, and visual merchandising, while also enabling secure frictionless commerce.
- Who are the founders of Nexite?
- Nexite was co-founded by Anat Shakedd, who serves as CEO, and Lior Shakedd, who serves as CTO.