Stor.ai News
8 articles
growth-positive
Stor.ai Hires Charlie Ward Wright IV as President and Mendel Gniwisch is Promoted to CEO to Expand Leadership Team
Stor.ai has announced the appointments of Charlie Ward Wright IV as President and Mendel Gniwisch as CEO. The company aims to assist grocers in their digital transformation by providing a unified platform for digital customer engagement. The new leadership team brings expertise and experience in the retail and ecommerce sectors, which will support Stor.ais rapid growth strategy. Charlie Ward Wright IV will strengthen the companys footprint, strategy, and operations in North America and globally, while Mendel Gniwisch will enhance and broaden Stor.ais reach to help retailers personalize ecommerce. Stor.ais technology suite integrates fulfillment methods, point of sale, and retail catalogs into a mobile-first, custom-branded eCommerce experience. The companys clients and partners include Unilever, Toshiba, and Microsoft.
Management Changes
growth-positive
How to give online supermarket shopping an instore feel
Israeli retail-tech company Stor.ai uses artificial intelligence to support food retailers online operations. The company helps grocers create a customer-first experience across all touchpoints, integrating into in-store point-of-sales systems, customer loyalty systems, and third-party providers. Stor.ais Picker-App customizes and maps in-store grocery fulfillment, while advanced marketing tools target customers based on their buying history. The company also provides business intelligence insights to improve operations and enables advertising on its platform to secure trade funding from consumer packaged goods suppliers. Stor.ai has raised $21 million in Series A funding and is expanding in the United States, Gulf States, Latin America, and Europe. The company has partnerships with Unilever, Toshiba Global Commerce Solutions, and Microsoft.
CustomersPartnersInvestment
growth-positive
Stor.ai Partners with Bringg for End-to-End Grocery Delivery Orchestration
Stor.ai has announced a strategic partnership with Bringg, a fulfillment and delivery orchestration solution for retailers. The partnership aims to provide enterprise retailers with the ability to conduct deliveries using their own fleets or third-party logistics providers. This partnership allows grocers to take full ownership over their customers digital delivery experience, creating a holistic, customer-first process. Stor.ai has experienced significant growth during the pandemic and is looking for innovative partners to enhance customer satisfaction and retention. The partnership with Bringg will help grocers streamline their supply chain systems while maintaining their brand identity. Stor.ai is a leading digital transformation partner for retailers, while Bringg helps enterprises optimize their logistics operations.
Partners
growth-positive
Stor.ai (formerly Self Point) Raises $21M, Signaling New Era for Online Grocery Shopping
Stor.ai, a digital commerce solution for grocers, has raised $21M in an extended Series A round. The funding will be used to integrate new features, accelerate growth in North America, and enter new markets in Latin America and Europe. The grocery industry is experiencing a digital transformation due to the Covid-19 pandemic, with the projected value of digital grocery sales in 2025 being 60% higher than pre-pandemic estimates. Stor.ai provides grocers with tools to manage their inventory and fulfill online orders. The funding will also support the development of new AI-based in-store shopping technology. Stor.ai aims to offer a holistic customer experience, both online and in-store. The company plans to expand its customer base and continue growth in North America, Latin America, and Europe.
InvestmentExpand
growth-positive
Stor.ai (fka Self Point) Unveils New Name and Executive Hires to Usher in the Next Generation of Grocery Shopping
Digital commerce solution provider for grocers, Stor.ai (formerly Self Point), has announced its new name and the appointment of five senior executives. The company is expanding its team to meet increasing demand for its solution, which supports grocers in their digital transformation. Stor.ai currently works with over 300 customers across North America, South America, Europe, and Israel. The companys offerings include a quick-time-to-market cataloguing solution and the Picker-App, which customizes and maps manual grocery fulfillment. In 2020, the company saw a 250% year over year growth.
Management ChangesExpand
growth-positive
Self Point and Tortoise Team Up to Offer Grocers a Robot Delivery Option
Self Point has partnered with Tortoise to offer same-day robot delivery to local grocers. Self Point provides digital commerce software for grocery retailers, while Tortoise offers teleoperated electric carts for transporting heavy loads. Through this partnership, Self Points grocery customers can now choose robots as a delivery option. Tortoise differentiates itself by using teleoperated robots instead of autonomous ones, allowing for faster market entry and avoiding safety concerns. The partnership comes at a time when online grocery shopping and delivery are on the rise due to the pandemic. The robotic delivery market is growing, and this partnership could lead to the expansion of Tortoises services in various neighborhoods.
Partners
growth-positive
Self Point Brings Self-checkout Capabilities to Grocery Stores
The article discusses the shift from brick and mortar to e-commerce in the grocery industry. It highlights the rapid growth of the grocery e-commerce market and the challenges faced by traditional grocery stores in adopting e-commerce. Self Point, a leading provider of SaaS-based e-commerce platforms, is mentioned as a portfolio company of Kli Capital. The article emphasizes Self Points technology solutions and its ability to help small to mid-sized supermarkets transition to e-commerce. It also mentions Self Points recent growth and plans to raise capital to further develop its technological capabilities and expand its sales team. The article concludes by mentioning Kli Capital as a family office focused on backing ambitious founders.
CustomersInvestmentExpand
growth-positive
Former Lucky's, Food Lion Exec Joins Self Point as CEO
Former Food Lion and Save Mart executive Michael J. Haaf has been named CEO of Self Point, a Brooklyn-based technology company that develops e-commerce platforms for grocery retailers. Haafs appointment is expected to have a growth-positive impact on the company. The key theme of the article is the appointment of Michael J. Haaf as CEO of Self Point. The key issues discussed in the article are Management Changes. The article discusses the experience and expertise of Haaf in the retail industry, particularly in the supermarket sector. The event described in the article does not have a specific date mentioned. My confidence in the answer is 8/10.
Management Changes
