TEL AVIV, ISRAEL – Digital commerce solutions company Stor.ai has raised $21 million in an extended Series A funding round that will help the company integrate new, next generation features into its core offering, accelerate the company's growth in North America, and enter into new markets in Latin America and Europe.
Stor.ai provides all grocers with the tools to build and manage their own catalogue of inventory and leverage advanced fulfilment methods to propel online business and meet growing consumer needs. Stor.ai's quick time-to-market empowers grocers to swiftly move online, ensuring that customers continue to have the positive experience they already associate with the brand.
The latest funding will accelerate stor.ai's go-to-market of new, next-gen in-store shopping technology. These new AI-based tools will complement stor.ai's existing flagship offerings, which include an eCommerce solution seamlessly integrated with grocers' POS systems, and stor.ai's Picker-App, which customizes and maps in-store grocery fulfillment.
"I am delighted to see stor.ai build on the 250% year-on-year growth we achieved over the past twelve months and begin an exciting new era for the company, in which we are set to expand both our product offering and our customer base," said Orlee Tal, CEO, stor.ai. "Our digital transformation platform provides a win-win scenario for customers and grocers alike: shoppers replicate the in-store experience at their favorite stores, while stores can seamlessly integrate a range of digital solutions at a time when facilitating online shopping is integral to their business. Customer-first commerce is the future of this industry."