The Coresight Research team is attending NRF 2022: Retail’s Big Show in New York City, US, from January 16 to 18. The event, hosted by the National Retail Federation (NRF) brings together retail technology innovators, industry experts, brands and retailers. This report is the second in a three-part series in which we present innovative technology startups that showcased their solutions at the event. In this report, we focus on innovators from Israel.

NRF 2022: Innovative Technology Startups, Part Two—Coresight Research Insights

Bringoz Bringoz is an SaaS (software-as-a-service)-based logistics platform that provides an end-to-end, scalable delivery infrastructure. The company’s software helps retailers streamline their delivery process and communicate effectively with consumers to manage delivery expectations. Bringoz provides last-mile transparency solutions for B2B (business-to-business) clients as well as B2C (business-to-consumer) companies. According to the company, its software integrates with any e-commerce system and brings transactions onto its platform. The technology solution automates optimal route planning based on delivery locations while keeping both businesses and consumers up to date with the status of delivery. [caption id="attachment_139634" align="aligncenter" width="480"] Source: Coresight Research[/caption]   ByondXR ByondXR is leading the charge for retailers to enter the metaverse (a digital reality that can include elements from virtual and augmented reality) through its immersive virtual showrooms. ByondXR digitizes physical stores and showrooms, creating online replicas of in-person digital displays to enable shoppers to virtually “walk” around the room, browse product displays and make purchases. [caption id="attachment_139637" align="aligncenter" width="480"] Source: Coresight Research[/caption]   Depoint Depoint provides a one-stop-shop for retailers to manage their operations. The platform connects all aspects of a retailer’s business, from HR (human resources) to finance and sales. It allows management to create and assign tasks and quickly analyze data. By doing so, each department of a retailer’s business is connected and can access real-time data, which can be used to redefine management operations. [caption id="attachment_139638" align="aligncenter" width="480"] Source: Coresight Research[/caption]   Invendiv Invendiv’s vending machines are automated shopping solutions for brick-and-mortar retailers. The company claims that its technology enhances shopper convenience, boosts sales and reduces costs for retailers. Invendiv offers different solutions based on its SafeSale automated shopping system, which enables store-based retailers to protect and conveniently sell high-theft products, extend store working hours and availability, and provide a click-and-collect option for key products. All system elements are managed remotely and connected by a cloud-based software platform to the retailer’s point-of-sale (POS), payment and inventory systems. [caption id="attachment_139639" align="aligncenter" width="700"] The SafeSale Protect includes two major hardware components: an in-category service kiosk for product promotion and selection; and an automated dispensing unit storing the actual items, located near the exit, after checkout.
Source: Company website [/caption]   Kanduai Kanduai’s technology leverages artificial intelligence (AI) and computer vision to provide POS and self-checkout loss prevention. Offering self-checkout services enables retailers to cut down wait times in checkout lines, but they are faced with a critical challenge: Customers may scan cheaper barcode labels to pay less for a more expensive item, contributing to shrinkage. Kanduai’s technology detects false swipes and notifies the cashier. The self-checkout transaction is placed on pause until an assistant assesses the situation and allows the customer to continue with the checkout. Kanduai’s software development kit can be implemented on existing hardware, without the need for a cloud or any extra servers, providing for easy implementation, according to the company. [caption id="attachment_139640" align="aligncenter" width="480"] Source: Coresight Research[/caption]   Nexite Nexite’s Connected Merchandise Platform provides real-time data on the movement of in-store products and items in the warehouse. Nexite’s Bluetooth-enabled tags allow merchandisers to observe how customers interact with products through to the POS. The technology alerts both warehouse and in-store associates about stock availability, enabling them to address in-store merchandising challenges and optimize store operations and the consumer journey.

• For more on Nexite, read our Innovator Profile and a case study of how the company is resolving in-store merchandising challenges for international retail fashion chain Factory 54.

[caption id="attachment_139641" align="aligncenter" width="700"] Source: Company website[/caption]   Selectika  Selectika provides a personalization solution for retailers to drive e-commerce engagement and enhance the online shopping journey for the consumer. The company uses AI to display similar products based on a shopper’s preferences, as well as displaying complementary products alongside consumer purchases, thus boosting sales. [caption id="attachment_139642" align="aligncenter" width="699"] Source: Company website[/caption]   Weezmo Weezmo offers an AI marketing solution for brick-and-mortar stores: interactive digital receipts. When a customer makes a purchase in-store, the receipt is either texted or emailed to them, allowing the retailer to establish a connection with their customers. The retailer is then able to send targeted, personalized ads to customers based on their purchase, encouraging them to make a return visit to the store and make new purchases. [caption id="attachment_139643" align="aligncenter" width="480"] Source: Coresight Research[/caption]