Walmart Overview
Walmart Inc. is a retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart Global Tech, is a technology arm of Walmart Inc. It was established in 2011 to support the company's global e-commerce operations. In Israel, Walmart acquired the eCommerce company, Aspectiva in 2019 Aspectiva leverages artificial intelligence and advanced natural language processing (NLP) technology to transform consumer opinions from a black hole of information into a smart customer experience. The company’s technology is designed to understand what people think and feel about any product based on reviews that shoppers leave on websites. Aspectiva analyzes shopper reviews and extracts their opinions using advanced NLP models, harnessing both deep linguistic knowledge and cutting-edge machine-learning approaches.
Latest News
growth-positive
With annual investments of $20 billion, consistent growth and an appeal to an audience looking to save, the American retail giant is soaring. The stock has already jumped 82% since the beginning of the year.
Walmart, the American retail giant, is experiencing significant growth, with its stock rising by 82% since the start of the year. Despite warnings of a potential economic slowdown, Walmart reported record revenues of $681 billion in 2024, marking a 5.1% increase from the previous year. The company has successfully adapted to the shift towards online shopping by investing $20 billion annually in automation and innovation. Walmarts strategy includes selling affordable products like heart-shaped cakes and Wirkin bags, appealing to a broad audience. The company has expanded its Walmart+ subscriptions from 4 million to 25 million over five years, enhancing its value proposition. Walmarts dominance in the grocery sector and its innovative approach have solidified its position as a favorite among American consumers.
CustomersPartners
growth-positive
The Walmart deal: Meet one of the only Israeli women to seal a nine-figure exit
Walmart has acquired Israeli startup Zeekit, which offers a dynamic virtual platform for trying on clothes using artificial intelligence. The deal, which followed months of negotiations, is estimated to be worth around $200 million. Zeekits technology allows customers to dress in items from the catalogs of large chains, giving them a precise impression of the clothes. The technology has been shown to increase online sales and reduce returns. The acquisition will see Zeekits 40 employees join Walmart, with the company remaining in Israel and becoming a base for a large technological development center.
Acquisition
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The story behind Walmart's first acquisition in Israel > Re:Tech
Walmart, the American retail giant, made its first-ever acquisition in Israel by acquiring AI startup Aspectiva. The acquisition is seen as a positive growth move for Walmart, as it allows the company to enhance its customer experience and gain valuable insights through Aspectivas natural language processing technology. The acquisition was facilitated through Walmarts incubation hub, Store N°8, and Aspectiva continues to operate from its base in Tel Aviv. Walmart has shown interest in Israeli technology in the past, with investments in other tech companies. The article also highlights the importance of a shared vision and the complexity of the acquisition process for startups.
Acquisition
growth-positive
Walmart buys Israeli AI co Aspectiva
Walmart has acquired Israeli AI startup Aspectiva to enhance the end-to-end shopping experience. The financial details of the acquisition were not disclosed, but sources say it was for several tens of millions of dollars. Aspectiva uses AI to analyze consumer opinions and provide valuable insights for retailers. The company will join Walmarts Store N° 8, the retailers incubation arm. Walmart has been targeting Israeli technology in its efforts to compete with Amazon, including strategic investments and joint ventures. The acquisition of Aspectiva is expected to bring new jobs and opportunities to Israel.
Acquisition
growth-positive
Israeli startup Eko building video platform for Walmart
Israeli video technology company Eko is closing a deal with Walmart to set up a video and content platform based on Ekos interactive video technology. This collaboration aims to compete with Amazons platform. Ekos previous business model, based on cooperation with creative artists, made it difficult for the company to make a profit. The deal with Walmart is expected to be a significant business milestone for Eko. Eko has previously received investments from Sony. Walmarts interest in Eko stems from its rivalry with Amazon and its desire to expand into the video sphere.
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Team Members
2
Employees: 11-50
Web & Social Links
| Website | tech.walmart.com/ |
Locations
Derech Menachem Begin 121, Tel Aviv-Yafo, Israel
Arkansas, USA
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