Company Overview
Snapshot
Founded in March 2011, Stor.ai operates with 51–200 employees. The company has secured funding across 3 rounds from 5 investors, with Meitav Dash participating as a lead investor. In March 2021, Stor.ai raised $21 million, marking a significant milestone in its growth trajectory.
Business overview
Stor.ai provides a technology suite designed to support food retailers in their transition to online offerings, integrating various fulfillment methods to enhance customer experience and loyalty. The company's core product integrates point-of-sale and retail catalogs into a mobile-first, custom-branded eCommerce platform. Utilizing a digital commerce engine, artificial intelligence, omni-channel marketing tools, and delivery logistics software, Stor.ai aims to increase sales and profitability for retailers. It serves the retail industry, operating within the Retail Platforms sector, and counts Unilever, Toshiba, and Microsoft among its clients and partners.
Strategic signal
In February 2022, Stor.ai expanded its leadership team by hiring Charlie Ward Wright IV as President and promoting Mendel Gniwisch to CEO. This strategic leadership restructuring signals the company's intent to scale operations and strengthen its market position, particularly in the competitive online grocery sector, by bringing in new expertise and elevating internal talent.
Log in to access full profile ›Company Intelligence Q&A
- What is Stor.ai's primary focus?
- Stor.ai focuses on providing eCommerce, fulfillment, and delivery software solutions to support food retailers in their online transition, aiming to enhance customer experience and loyalty.
- When did Stor.ai raise its last disclosed funding round?
- In March 2021, Stor.ai raised $21 million in a round led by Meitav Dash, with participation from.
- What significant leadership changes occurred at Stor.ai?
- In February 2022, Stor.ai hired Charlie Ward Wright IV as President and promoted Mendel Gniwisch to CEO, expanding its leadership team.
- Has Stor.ai formed any notable partnerships recently?
- In June 2021, Stor.ai partnered with Bringg to provide end-to-end grocery delivery orchestration.
- What was a key strategic move by Stor.ai regarding its brand?
- In December 2020, Stor.ai, formerly known as Self Point, unveiled its new name and announced executive hires to usher in the next generation of grocery shopping.