• Shopic, an Israel-based developer of smart cart solutions, has raised USD 35 million in a series B funding round bringing the company’s total funding to USD 56 million. 

• The funding round was led by Qualcomm Ventures with participation from Vintage Investment Partners and Clal Insurance, along with existing Shopic investors IBI Tech Fund, Tal Ventures, Claridge Israel, and Israeli supermarket chain Shufersal. 

• Shopic offers Shop-E, an AI-powered clip-on device that can transform a regular shopping cart into a smart cart.  The device can be attached to a regular shopping cart with a single click and uses computer vision to track products added or removed from a cart. The device will display the bill for the products inside the cart and allow customers to settle their payments at the end of the store visit. 

<ul><li>Shopic plans to use the funding to expand its presence across the globe. Shopic’s technology is currently used by supermarket chains across Europe, the US, and Israel. The investor Shufersal is amongst Shopic’s supermarket partners. In December 2021 the two companies announced plans to install Shopic devices in 200 stores countrywide.<ul>