Stops

Company Overview

Snapshot

Founded in August 2016 by Eitan Chamberlin and Sviatoslav Fil, Stops operates with 1–10 employees. The company has raised $1.5 million across two funding rounds. In May 2023, Stops expanded its partnership programs to include businesses and content creators, aiming to enhance location-based social experiences.

Business overview

Stops is a geospatial platform that transforms how customers interact with location-based content and products. The company's core technology leverages geospatial and augmented reality (AR) to convert physical locations into 3D smart locations, enabling businesses to drive customer traffic. Stops provides consumers with a new form of geospatial search to discover nearby products, brands, and content, including coupons and AR experiences, while also offering contactless payment and entry solutions. The platform serves various industries, including retail, real estate, and travel, and operates within the Media & Entertainment Technologies sector, focusing on mobile applications, augmented reality, and social networking.

Strategic signal

In May 2023, Stops significantly expanded its partnership programs to include businesses and content creators, aiming to enhance location-based social experiences. This strategic move indicates a strong focus on market penetration and ecosystem growth, leveraging its 3D Cloud computing, augmented reality, and metaverse capabilities. For investors, this signals a company actively pursuing broader adoption and monetization strategies by integrating its technology with a wider range of commercial partners, including product creators, business directories, real estate developers, social media influencers, and travel companies.

Company Intelligence Q&A

What was a key strategic development for Stops in 2023?

In May 2023, Stops expanded its partnership programs to include businesses and content creators, aiming to enhance location-based social experiences. This initiative focuses on connecting 3D Cloud computing, augmented reality, and the metaverse to turn physical locations into 3D smart locations.

What is Stops' approach to user privacy?

Stops is fully GDPR compliant and does not track its users by default, emphasizing privacy in its geo-based messenger and social content engagement ecosystem.

What is the total capital raised by Stops?

Stops has raised a total of $1.5 million across two funding rounds.

What technology does Stops utilize for its platform?

Stops utilizes geospatial and augmented reality (AR) technology to create 3D smart locations and enable location-based content engagement. Its AR technology is patented and trademarked in the U.S.

What types of businesses is Stops currently piloting its B2B services with?

Stops is currently piloting its B2B services with T-Mobile, Yellow Pages, and other brands interested in sharing their product locations in XR.