Israeli smart shopping cart startup Shopic raises $35 million

Oluwajuwonlo Afolabi -

Shopic, an Israeli-based smart shopping cart startup has raised $35 million in its new equity funding round led by Qualcomm Ventures in participation with others.

  • The fund will be used for the startup's commercial expansion, improve customer integration, hire new talents, and advance its solutions.
  • Shopic offers digitalization of retail floor to enable shoppers to have a seamless and interactive shopping experience.
  • The startup offers a smart cart solution based on artificial intelligence. The smart cart comes as a device that recognizes products as they are added or removed, presents bills, and makes offers for the customers based on buying habits, store location, and selected items.
  • Vintage Investment Partners, Clal Insurance, IBI Tech Fund, Tal Ventures, Claridge Israel, and Shufersal participated in the round.