Disruptive startups aplenty: RTIH’s biggest retail technology articles on LinkedIn right now
We’re big fans of LinkedIn and are busy building an amazing community of retail tech enthusiasts on the social media platform. These are the articles that are currently on their radars, including Retail Technology Show 2023, Ikea Egypt, Paymob, Vree AI, 3D Cloud by Marxent, Neubility, and AssetFloow.
Sook, HyperFinity, Vestico named as Retail Technology Show 2023 Start-Up Safari Stars
In collaboration with Baringa, Retail Technology Show has announced its 2023 Start-Up Safari Stars, a selection of firms whose “groundbreaking and disruptive solutions are set to transform the retail industry”.
Retail Technology Show 2023 will take place on 26th and 27th April at London’s Olympia.
Ikea Egypt hooks up with Paymob to introduce new payment methods for customers
Paymob and Ikea Egypt have announced a partnership to offer the latter’s customers a wider range of payment options.
This will see the introduction of the likes of digital wallets, bank offered easy payment plans (EPP) and consumer finance options, in addition to cards.
Retail technology startup stories interview: Adib Zaher, CEO and Co-founder at Vree AI
RTIH gets the lowdown on VRee AI, a startup working in the areas of computer vision and AI, allowing users to generate 3D models from 2D images, with links integrated for virtual try on capabilities.
Including Trigo, Ocula Boost, and Sook: check out the coolest retail technology plays of 2023 so far
RTIH Editor, Scott Thompson, brings you his top ‘future of retail’ systems launches and deployments from the first three months of the year, including checkout-free stores, stock inventory focused drones, interactive digital mannequins, explorations of the use cases of ChatGPT, and generative AI, and the first ever dedicated virtual store by an underwear company.
Glen Richardson becomes Non-Executive Director at DTC recipe box startup Chefs for Foodies
Glen Richardson has joined Chefs for Foodies as a Non-Executive Director.
The idea for Chefs For Foodies was born during the Covid-19 pandemic lockdown, with a desire to support chefs as their restaurants closed and offer foodies an alternative to meal kit deliveries.
It provides the latter an opportunity to engage professional chefs and learn how to cook some of their signature dishes, learn new skills and rustle up a ‘perfectly plated dish’ with ingredients delivered directly to their door.
Chefs for Foodies has also established a SaaS e-commerce marketplace with chef recommended artisan products from independent food brands.
Richardson is also Director at Exceedity, which works with B2C, B2B and DTC organisations looking for help with marketing, technology, customer care and fulfilment.
Prior to that, he was Chief Omnichannel Officer at The Range. He has also worked at Ideal Shopping Direct, serving as CMO and CTO, and Fruugo (CTO).
Checkout free stores firm Standard AI flagged by Forbes as one of America’s best startup employers
Standard AI has been recognised as one of America's best startup employers for 2023 by Forbes in partnership with Statista.
Jordan Fisher, CEO at Standard AI, says. "This recognition is a testament to the hard work and dedication of our team, and our commitment to creating a positive and supportive workplace culture. As we continue to build out the future of autonomous retail, our employees are our greatest asset.”
Autonomous delivery firm Neubility secures investment from Samsung Venture Investment Corporation
Neubility, a South Korea-based autonomous robot services company, has received three billion won in funding from Samsung Venture Investment.
That takes it total funding to date to approximately 30 billion won.
Neubility was selected by C-Lab Outside, Samsung Electronics’ startup acceleration programme, in 2021.
It has since expanded into overseas markets, such as Japan, Europe, and the United States, and is building a production base in Southeast Asia.
It says that it is “rapidly increasing its service competitiveness by accumulating data on the urban driving experience from the CES 2023 Innovation Award winning self-driving robot, Neubie, and the Robot as a Service (RaaS) platform, Neubiego”.
Five retail technology questions for Beck Besecker, CEO and Co-Founder, 3D Cloud by Marxent
Beck Besecker, CEO and Co-Founder of 2022 RTIH Innovation Awards winner, 3D Cloud by Marxent, sits down with us to discuss the demand for self-service, and also metaverse implementations, and retail pioneers.
Retail technology startup AssetFloow secures €1.5 million investment from GED Ventures
AssetFloow has closed a €1.5 million investment round.
The startup has developed artificial intelligence technology capable of describing consumer behaviour inside a store without the need for cameras or sensors.
With the aforementioned investment from GED Ventures, it aims to triple its R&D team in Portugal, accelerate expansion in Europe and South America, and consolidate its position in the behavioural analytics market.
This is its first equity round (in 2021, it received a €100K SAFE note).
Michael Malul London teams with ESW to crack the code for international fragrance shipping
ESW has announced a partnership with Michael Malul London to launch international DTC e-commerce capabilities for the brand.
Michael Malul London will now be able to ship to 24 countries across Europe, the UK, and the US. ESW’s localisation allows brands to overcome the ‘dangerous goods’ distinction related to international shipping of fragrances.
aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category
AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero.
Financial terms of the deal were not disclosed, other than it being all cash.
The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea.
Developed by a team of e-commerce specialists since 2020, aisle 3 is an online shopping platform that uses proprietary AI technology to aggregate all retailers selling the same product into one tab.
This means shoppers can find the cheapest price and checkout across any retailer in one click.
The proceeds of the sale will support its growth in the sneaker category, continuing the development of its proprietary universal product matching algorithm and Cloud Basket solution.
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