Retail Technology
Search documents
Retail tech company DaVinci Commerce attracts Accenture investment
Yahoo Finance· 2026-03-24 09:59
Retail technology provider DaVinci Commerce has received an undisclosed investment from Accenture, as the two companies move to support shopping experiences shaped by AI agents. The funding was made through Accenture Ventures and is accompanied by a partnership with Accenture Song, Accenture’s creative digital agency. US-based DaVinci Commerce positions itself as an AI-powered commerce experience platform (CEP) that aims to help global brands influence how customers find and interact with commerce in AI ...
VenHub Advances Autonomous Smart Store Security to Tackle Rising Retail Industry Theft and Shrink
Globenewswire· 2026-03-20 11:45
Core Insights - VenHub Global, Inc. is focusing on innovative technologies for its Smart Stores to tackle significant retail challenges, particularly theft and product shrinkage, which accounted for over $100 billion in annual losses according to a 2023 National Retail Security Survey [2][3] Group 1: Company Innovations - The company has introduced six new patent-pending technologies aimed at enhancing security in its Smart Stores, categorized under "Advanced Security & Protection Systems" [1][2] - These innovations include a multi-layered protective laminate for ballistic protection, a security glass system with dynamic transparency control, a retail security tag with advanced location tracking, a dual-function security tag with tamper-responsive mechanisms, a non-lethal security system using directional acoustic technology, and an integrated security platform combining intelligent surveillance with robotic countermeasures [5][6] Group 2: Smart Store Functionality - VenHub's Smart Stores utilize robotics, automation, and mobile-first technology to provide a seamless, unattended shopping experience, operating 24/7 and offering a wide range of products [3][4] - The stores are designed for secure, managed operations, enabling fast, precise, and contactless transactions for consumers [3][4]
VenHub Sets Stage for National Expansion of Smart Store Deployments with Second, Larger Las Vegas Production Facility to Meet Growing Demand
Globenewswire· 2026-03-18 20:10
Core Viewpoint - VenHub Global, Inc. is expanding its manufacturing capabilities by opening a larger production and assembly facility in Las Vegas to meet the increasing demand for its autonomous Smart Stores across the United States [1][2][3]. Group 1: Facility Expansion - The new production facility will enhance VenHub's manufacturing capacity and will operate alongside its existing headquarters in Las Vegas, creating an integrated hub for engineering, manufacturing, testing, and deployment preparation [2][3]. - This expansion is expected to accelerate the production of Smart Stores and support a broader national rollout [2][3]. Group 2: Market Demand and Strategy - The CEO of VenHub highlighted that the demand for Smart Stores is growing as retail operators seek efficient ways to serve customers while managing operations [3]. - The company aims to address the evolving retail landscape where consumers expect convenience and speed, while operators look for solutions to reduce overhead and simplify operations [3][4]. Group 3: Smart Store Features - VenHub Smart Stores operate 24/7 without on-site staff, utilizing robotics, automation, and mobile-first checkout technology to provide a secure and unattended shopping experience [5][6]. - These stores are designed to offer instant access to a wide range of products, ensuring convenience for consumers at all hours [5][6]. Group 4: Current Operations - VenHub Smart Stores are already in operation at high-traffic locations such as Los Angeles Union Station and LAX Metro Transit Center, showcasing their capability to serve both everyday consumers and travelers [4]. - With Las Vegas as its operational headquarters, VenHub is well-positioned to scale its Smart Store deployments across North America [4].
PayBright invests in Material to expand retail POS ecosystem
Yahoo Finance· 2026-03-11 09:58
Core Insights - PayBright, a Canada-based company, has made a strategic investment in Material to enhance its retail point-of-sale (POS) ecosystem [1] - Material will become PayBright's preferred POS solution for retail, adding to its existing collaborations [1] Company Overview - PayBright's CEO, Dustin Magaziner, highlighted strong positive feedback from clients during beta testing of Material's system, noting its seamless integration and intuitive use [2] - Material provides an integrated platform that combines hardware, software, and payment capabilities tailored for independent retailers, including boutiques and gift shops [2] Operational Capabilities - The system supports both in-store and online retail operations, allowing merchants to manage inventory, customer loyalty programs, marketing initiatives, and business performance across sales channels [3] - Material's technology has supported over 5,000 boutiques, which collectively sold more than $50 million in merchandise through the Shoptiques e-commerce marketplace and generated $150 million in physical store sales [3] Strategic Partnership - Material's founders designed the platform based on their experiences as independent retailers to help small businesses overcome operational challenges [4] - Material's co-CEO, Marc Gugliuzza, praised PayBright as a transparent and responsive merchant services provider, emphasizing their collaboration aims to create a seamless and affordable ecosystem for businesses [4]
VenHub Expands Stripe Integration to Power Global Network of AI-Driven Smart Stores
Globenewswire· 2026-03-10 11:45
Core Insights - VenHub Global, Inc. has expanded its integration with Stripe to enhance its payment infrastructure for fully autonomous Smart Stores, facilitating faster global expansion and improved payment experiences [1][3] Group 1: Partnership and Integration - The collaboration with Stripe formalizes it as VenHub's primary payments infrastructure partner, enabling a unified payments layer across VenHub's global network [1][2] - VenHub is rolling out a fully integrated payments stack that includes support for multiple payment methods, multi-currency transactions, and advanced fraud prevention [2][6] Group 2: Business Model and Strategy - VenHub aims to redefine retail convenience through intelligent, autonomous experiences, with payments being a critical component of this strategy [3] - The integration with Stripe is designed to create a capital-efficient, globally scalable foundation for automated retail, allowing for faster deployment and lower expansion costs [3][9] Group 3: Operational Efficiency - VenHub's Smart Stores utilize robotics, AI, and real-time analytics to provide 24/7 autonomous retail in high-traffic areas [4][8] - The partnership with Stripe allows for quick deployment of new locations without the need for custom integrations, minimizing retraining for retailers already familiar with Stripe [9] Group 4: Future Developments - VenHub plans to activate Stripe-powered payments across future Smart Stores, creating a standardized payments foundation and exploring innovations in subscription services and loyalty integrations [6][9]
INEO to Participate in 38th Annual Roth Conference, March 22 - 24, 2026
TMX Newsfile· 2026-03-10 11:05
Group 1 - INEO Tech Corp. will participate in the 38th Annual Roth Conference from March 22-24, 2026, in Dana Point, California [1] - CEO Kyle Hall will be available for one-on-one meetings to discuss the company's market opportunities, commercial progress, and growth strategy [2] - The INEO Welcoming System will be deployed at the conference, allowing the company to showcase its patented retail entrance platform and its capabilities in loss prevention, retail media, and real-time analytics [3] Group 2 - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention through its subsidiary INEO Solutions Inc., which manages the INEO Media Network and INEO Retail Media [4] - The company's patented integration of Electronic Article Surveillance (EAS) with digital displays aims to reduce theft while generating additional media revenue for retailers [4]
Alpha Modus resolves patent infringement litigation against Brookshire
Yahoo Finance· 2026-03-07 13:16
Group 1 - Alpha Modus (AMOD) has resolved its patent infringement litigation against Brookshire Grocery Co. in the United States District Court for the Eastern District of Texas [1] - The litigation involved allegations related to Alpha Modus's patented technologies, which include real-time consumer behavior analysis, digital advertising systems, smart retail display technologies, and AI-driven in-store engagement platforms [1] - All claims between Alpha Modus and Brookshire Grocery Co. have been resolved, and both parties have moved for dismissal of the litigation with prejudice [1]
Alpha Modus Secures Settlement in Ongoing AI Retail Technology Patent Enforcement Efforts
Globenewswire· 2026-03-06 13:13
Core Viewpoint - Alpha Modus, Corp. has successfully resolved its patent infringement litigation against Brookshire Grocery Co., indicating a strategic approach to intellectual property enforcement [1][2][3]. Group 1: Litigation Resolution - The litigation involved allegations of patent infringement related to technologies for real-time consumer behavior analysis, digital advertising systems, smart retail display technologies, and AI-driven in-store engagement platforms [2]. - All claims between Alpha Modus and Brookshire Grocery Co. have been resolved, and both parties have moved for dismissal of the litigation with prejudice [2]. Group 2: Company Strategy - The resolution of the litigation reflects Alpha Modus's structured approach to enforcing its intellectual property rights, ensuring that its patented technologies are respected in the marketplace [3]. - The company will continue to evaluate and protect its intellectual property portfolio in alignment with its broader commercialization strategy [3]. Group 3: Company Overview - Alpha Modus is a vertical AI company focused on real-time, in-store shopper engagement and attribution, utilizing a patented "closed-loop" retail AI framework [5]. - The company's technologies aim to measure the full impact of digital content, physical interactions, and transaction outcomes across the retail landscape [5].
Diebold Nixdorf names Andy Zosel as chief product and technology officer
Retail Times· 2026-03-03 18:41
Core Insights - Diebold Nixdorf has appointed Andy Zosel as executive vice president and chief product and technology officer to enhance its product and technology organization [1][2][3] Group 1: Appointment and Role - The newly created CPTO role aims to strengthen Diebold Nixdorf's operating model and accelerate time to market while aligning product development with customer needs across banking and retail segments [2] - Zosel will define global standards for efficient execution and support seamless deployment and integration of solutions across diverse markets [2] - His appointment is expected to reinforce the company's leadership in delivering innovative solutions that meet the evolving needs of banking and retail customers [3] Group 2: Background and Experience - Zosel brings nearly 30 years of experience in global technology, product development, and strategic marketing, with a strong background in automation and AI [3] - Prior to joining Diebold Nixdorf, Zosel held senior leadership roles at Zebra Technologies and Omron Corporation, focusing on product innovation and organizational transformation [3] - His expertise is anticipated to accelerate the development of impactful solutions that exceed customer expectations [3]
Jumbotail, NEC partner to digitise 19 million kirana stores; Japanese major to invest
ETRetail.com· 2026-03-03 11:08
Core Insights - Bengaluru-based B2B marketplace Jumbotail has formed a strategic partnership with Japan's NEC Corporation to enhance the digital transformation of India's 19 million kirana stores [5] - The collaboration will integrate NEC's global retail technology and AI capabilities with Jumbotail's B2B marketplace and new retail platform, aiming to strengthen the mass-market kirana ecosystem [5] - NEC will make a strategic investment in Jumbotail as part of this partnership [5] Company Overview - Jumbotail provides kirana owners access to a wide assortment of products across grocery and general merchandise categories through its B2B ecommerce platform, integrated fulfilment network, and embedded fintech solutions [5] - The company also operates modern convenience stores under the J24 brand, utilizing its GoldenEye retail operating system [5] Partnership Details - The collaboration will customize NEC's AI and data analytics solutions for Jumbotail's kirana partners, focusing on improving assortment discovery, inventory management, in-stock rates, and working capital efficiency [5] - The companies will co-develop go-to-market retail solutions to enhance brand engagement, targeted promotions, and consumer insights at the store level [5] - The partnership aims to bring enterprise-grade retail technology, typically available to large modern trade players, to small neighbourhood retailers and regional brands, thereby improving efficiency, customer retention, and profitability across India's mass-market retail ecosystem [2][5]