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Shopic offers an AI-powered clip-on device that transforms shopping carts into smart carts. Utilizing computer vision algorithms, Shopic identifies items placed in the cart in real-time, while displaying to shoppers product promotions and discounts on related products. The Shopic system acts as a self-service checkout interface as well, saving customers the time and hassle of standing in line to pay.
Data collected by the company during live deployments of its system found that Shopic's solution increased shoppers' monthly spending by 8%.
Shopic not only delivers a new retail experience for in-store shoppers but also provides real-time inventory management and customer behavioral insights for grocers through its analytics dashboard. These reports also include aisle heatmaps, promotion monitoring and new product adoption metrics.
"Today's consumers are used to friction-free online shopping experiences, but retailers struggle to deliver them for in-store shoppers," said Raz Golan, CEO and co-founder of Shopic. "As the only solution that uses full computer vision rather than barcode scanning, Shopic empowers retailers to not only meet customer expectations but to delight them."
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The Series B investment...
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