Shopping in-store data platform Nexite raises $67m

The Israeli company has developed a data platform connecting physical merchandise to the cloud.

Israeli data platform for real-time in-store intelligence and retail shopping Nexite today announced the completion of a $67 million Series C financing round led by Pitango Growth and Saban Ventures with participation from existing investors Battery Ventures, Intel Capital, Pitango First and Vertex Ventures. This brings the total funding raised by the company to $100 million.

document.write(ad_handler.google_div({“url”:”/7263/Globes_Desktop_ENG_2019/300×250/Article_In_Content_300x250_1″,”sizes”:”[300,250]”,”local”:”en.spot_in_content.article.1″}))

Founded by CEO Anat Shakedd and CTO Lior Shakedd, Nexite has developed a data platform connecting physical merchandise to the cloud, enabling brands to increase in-store revenue with real-time sales funnel analytics traditionally used in eCommerce. With data aggregated from a product’s location, availability and performance, Nexite provides actionable insights to help maximize store sales per square foot. The company’s patented, battery-free NanoBT (Bluetooth) tag is attached to merchandise delivering frictionless customer experiences including secure trasportabile self-checkout, seamless returns and seamless click-and-collect, driving omnichannel sales, thus enhancing the customer’s in-store experience.

Anat Shakedd said, “We’re providing complete transparency into the physical sales funnel and by doing so, we’re creating a lexicon for in-store intelligence to optimize sales per square meter based on customer engagement data. We’re introducing terms normally associated with eCommerce like abandonment, engagement and conversion into the physical realm. This type of data has never before been accessible and now it’s paving the way for retailers to navigate digital together with brick-and-mortar commerce.”

Published by Globes, Israel business news – en.globes.co.il – on May 11, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

window._taboola = window._taboola || [];
_taboola.push({
mode: ‘thumbs-2r’,
container: ‘taboola-below-article-thumbnails’,
placement: ‘Below Article Thumbnails’,
target_type: ‘mix’
});

The Israeli company has developed a data platform connecting physical merchandise to the cloud.

Israeli data platform for real-time in-store intelligence and retail shopping Nexite today announced the completion of a $67 million Series C financing round led by Pitango Growth and Saban Ventures with participation from existing investors Battery Ventures, Intel Capital, Pitango First and Vertex Ventures. This brings the total funding raised by the company to $100 million.

document.write(ad_handler.google_div({“url”:”/7263/Globes_Desktop_ENG_2019/300×250/Article_In_Content_300x250_1″,”sizes”:”[300,250]”,”local”:”en.spot_in_content.article.1″}))

Founded by CEO Anat Shakedd and CTO Lior Shakedd, Nexite has developed a data platform connecting physical merchandise to the cloud, enabling brands to increase in-store revenue with real-time sales funnel analytics traditionally used in eCommerce. With data aggregated from a product’s location, availability and performance, Nexite provides actionable insights to help maximize store sales per square foot. The company’s patented, battery-free NanoBT (Bluetooth) tag is attached to merchandise delivering frictionless customer experiences including secure trasportabile self-checkout, seamless returns and seamless click-and-collect, driving omnichannel sales, thus enhancing the customer’s in-store experience.

Anat Shakedd said, “We’re providing complete transparency into the physical sales funnel and by doing so, we’re creating a lexicon for in-store intelligence to optimize sales per square meter based on customer engagement data. We’re introducing terms normally associated with eCommerce like abandonment, engagement and conversion into the physical realm. This type of data has never before been accessible and now it’s paving the way for retailers to navigate digital together with brick-and-mortar commerce.”

Published by Globes, Israel business news – en.globes.co.il – on May 11, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

window._taboola = window._taboola || [];
_taboola.push({
mode: ‘thumbs-2r’,
container: ‘taboola-below-article-thumbnails’,
placement: ‘Below Article Thumbnails’,
target_type: ‘mix’
});

More from author

LASCIA UN COMMENTO

Per favore inserisci il tuo commento!
Per favore inserisci il tuo nome qui

Articoli Correlati

Advertismentspot_img

Ultimi Post

Delek to develop Cypriot gas field without Israel’s consent

Delek Group's NewMed Energy has taken Israel's Energy Ministry by surprise by unilaterally announcing plans for the disputed Aphrodite field.

Marcos Jr proclaimed next Philippine president with huge win

Ferdinand Marcos Jr. has been proclaimed the next president of the Philippines by a joint session of Congress following a landslide electoral triumph 36 years after his dictator father was ousted in a pro-democracy uprising

Delek profit jumps as energy prices soar

The company reported a net profit of NIS 2.5 billion, a nine-fold increase over the corresponding quarter of last year.