Blockchain
Smart Cart Startup Shopic to Present Its Solution at Microsoft Experience Center in Munich
Tel Aviv, Israel and Munich, Germany–(Newsfile Corp. – May 23, 2023) – Grocery smart cart provider Shopic announced today that the company is partnering with the Microsoft Experience Center EMEA in Munich to showcase its innovative smart cart technology.
Microsoft Experience Centers are located in four locations around the world, enabling businesses to explore game-changing technology through immersive experiences and deep technical engagement. Startups which are showcased at Microsoft Experience Centers enjoy an unprecedented opportunity to present the full potential of their solution to a wide audience, and build important relationships with future customers.
“This collaboration is a significant milestone for us,” said Raz Golan, CEO at Shopic. “Microsoft has provided us with an effective platform to showcase our technology to customers in Europe and beyond. We’re delighted that Microsoft shares our confidence in the potential of Shopic to transform grocery shopping.”
Microsoft has invited Shopic to demo its solution in the Munich facility’s recently relaunched grocery retail tech area. Shopic joins SES-imagotag’s VUSION solution for electronic shelf labels (ESLs) as one of only two Microsoft partner organizations slated for the Microsoft Experience Center grocery retail area relaunch.
Microsoft and Shopic are already discussing the potential for expanding this collaboration to additional Microsoft Experience Centers locations.
Shopic’s solution was developed to resolve the challenge that faces grocery stores around the world: how to cut the time that consumers spend waiting in line for checkout, while reducing friction from the shopping experience. Shopic uses computer vision AI algorithms to identify every item as shoppers place it in their cart in order to enjoy a seamless and fast checkout experience.
Photo by LUZ Corporate Photography
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8506/163022_e52e87bc645418e2_001full.jpg
The solution employs a clip-on device that attaches to any standard grocery cart, removing the need for grocery chains to invest in expensive new carts and infrastructure. The device displays a running total in real time, so shoppers can track their purchases, and its built-in retail media platform promotes relevant, personalized special offers.
With Shopic, shoppers can complete their visit more quickly and with less hassle, while grocers can differentiate themselves from the competition, improve customer experience, gain valuable anonymized data insights and boost revenue at minimal risk.
The Shopic-Microsoft Experience Center collaboration announcement follows several busy months for the startup. Over the past year, Shopic has doubled its employee count, completed a successful $35 million Series B funding round, and deployed pilots in a number of leading retailers across North and South America, including two Wegmans locations in New York.
Shufersal, Israel’s largest grocery chain, also announced its commercial-scale expanded rollout of Shopic carts to at least 30 stores, making this the largest deployment of a smart cart solution to be announced to date. The Shufersal rollout follows a major pilot, where the chain reported that Shopic boosted basket size by 78% and monthly spending by 8%. In February, the Shufersal-Shopic partnership earned a 2023 RETA Award for Best AI.
The Microsoft Experience Center demo also represents the next stage in the growing relationship between Microsoft and Shopic. Shopic recently joined the Microsoft Cloud for Retail booth at the prestigious EuroShop conference in Dusseldorf and at the National Retail Federation’s flagship conference, NRF Retail’s Big Show 2023, in New York.
About Shopic
Shopic provides smart cart and store digitalization solutions to the world’s leading grocers, bringing the advantages of online commerce to their physical stores. The company’s computer vision-based clip-on device turns any regular shopping cart into a smart cart. It delivers a smooth shopping experience, instant on-cart checkout, just-in-time personalized promotions, and analytical insights from the retail floor. Founded in 2015, Shopic is headquartered in Tel Aviv, Israel. For more information, visit Shopic.co.
Media contact:
MarketAcross
Dan Edelstein
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163022
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
- Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
- Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
- Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
- Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
-
Blockchain Press Releases4 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases5 days ago
Moby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain5 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain Press Releases3 days ago
Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain6 days ago
Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases5 days ago
Bitget Lists peaq (PEAQ) on Launchpool with 12,125,000 Tokens in Rewards
-
Blockchain Press Releases6 days ago
QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore
-
Blockchain2 days ago
Money Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More