Storee Closes $8M Seed Funding Round

Left to right: Idan Sergi, Asaf Shapira and Chen Cohen

Storee, a Tel Aviv, Israel-based provider of a management platform for retail stores operated by Artificial Intelligence, raised $6.8m in seed funding.

The round was led by private investors along with retail and consumer stores, including the American jewelry corporation Signet Jewelers.

The company intends to use the funds to extend operation in Israel and abroad.

Established by Asaf Shapira, Idan Sergi, and Chen Cohen, Storee has developed a tech system for automatic management of retail chain stores organizational operation. The product advances retail chains operation enabling technological functions such as store storage regulation, exhibition spaces advancement, sales amplification, and automatic tasks formation for the organization’s employees. All tasks are executed using traditional intelligence-based artificial intelligence solutions.

The company currently employs 22 employees. It operates in 35 retail and consumer chains across Israel and Europe, and more than 2,500 stores in the apparel, cosmetics, accessories, eyewear, and footwear fields.