Raz Golan is the Co-Founder & CEO of 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.
With consumers accustomed to frictionless digital experiences, smart carts bring increased convenience to physical stores, says Shopic CEO and Co-founder Raz Golan.
Smart shopping cart technology developer Shopic raised $35 million dollars in a Series B round led by Qualcomm Ventures. Shopic develops an A.I.-powered device that can be attached to any standard shopping cart, turning it into a smart cart. The device can identify and display the price of any item that's placed into the cart in real-time. Shoppers can also see an in-store map of aisles, as well as promotions and discounts for certain products. The system also acts as a self-checkout service; and for grocers, Shopic provides data-based insights into customer behavior and aisle. Raz Golan, founder and CEO of Shopic, joined Cheddar News's Closing Bell to discuss.