Nexite News
4 articles
Attention shoppers: Israeli startups putting the 'AI' in 'retail' management | CTech
Israeli startups are developing AI solutions to aid retailers in overcoming challenges and joining the digital revolution. Onebeat offers software for real-time customer analysis, Drill monitors customer behavior in stores, Trax provides retail analytics solutions, Nexite offers real-time in-store intelligence, and STOREE optimizes store performance using AI. The impact on these companies is growth-positive. The key theme of the article is the use of AI in retail. The key issues discussed are customers and partners. The article does not mention any specific investors, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event. Confidence level: 8/10.
CustomersPartners
Emerging Startups 2022: Top In Store Retail Tech Startups
The In Store Retail Tech sector, comprising over 5.8K startups, has seen significant growth and investor interest, with total funding reaching USD 27.1B. The sector includes companies providing technology solutions for offline retailers, such as inventory management, marketing, payments, and customer engagement. Notably, half of the sectors funding has been raised in the last three years (2019-2021). Major investors in the sector include Y Combinator, Techstars, Sequoia Capital, Accel, and Plug and Play Tech Center.
Investment
Nexite raises $67 million Series C for connected merchandise platform CTech
Israeli startup Nexite has raised a $67 million Series C investment to support its data platform for real-time in-store intelligence. The platform uses battery-free, long-range communication technology to provide a continuous stream of data, enabling brands to increase in-store revenue with real-time sales funnel analytics. The funding round, led by Pitango Growth and Saban Ventures, brings Nexites total funding to $100 million. The company plans to increase its employee count from 72 to 100 in the coming year. Nexites data platform connects physical merchandise to the cloud, providing actionable insights to optimize store sales per square foot. The platform includes a patented battery-free NanoBT tag that enhances the customers in-store experience.
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נבחרת הסטארטאפים 2019
Israeli startup Nexite is developing a small and inexpensive electronic tag that provides connectivity to any clothing or item. The tag collects the energy required for its operation from the environment, without the need for a battery, and transmits the items identity and location in real-time. For customers, this product can provide a similar experience to Amazon Go, automatically charging them for items as they leave the store and allowing them to locate products they saw online in real-time. For fashion retailers, Nexite develops applications for use with the tag, such as inventory management and data analysis. The product also allows retailers to replace the cumbersome security magnet currently attached to clothes. Nexite aims to be the only solution that enables self-checkout with full security.
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