Top 10 Retail Tech Startups - 2019
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Top 10 Retail Tech Startups - 2019

The retailers today are racing through some unimaginable territories of consumer demands, making stops at unrecognized needs. The landscape of the retail market is transitory and has been snowballing ahead along with the new technological innovations like AR, VR, and artificial intelligence, to expand their consumer base, and simultaneously position themselves as a unique brand. From bar code scanning, first introduced in the 1970s, to using AR kits for home decor today, the retail sector has come a long way in terms of technological growth, and it’s not ready to pause.

Some retail brands are coming up with virtual showrooms powered by augmented reality, whereas some are deploying smart mirrors that can read RFID tags on clothes and provide fashion-related suggestions. Having said that, the market is gradually shifting toward a cashier-less retail experience where the customers no longer have to face the hassle of waiting in queues to check out from the store. Alongside, the introduction of smart shelf sensors is bringing in fascinating offers for their customers by linking the physical products to the virtual shopping carts. It keeps track of the retail inventory, and through IoT-based system, helps in identifying when the customer checks out of the store with the product, and the transaction is registered with the linked credit card.

The picture doesn’t end here as yet. With e-commerce expanding its reach, AI-driven chatbots are flexing their wings, and the shoppers are quickly getting their concerns addressed while making an online purchase. Companies are also employing bots even to complete purchases; this strategy promises a booming future for the retail space.

While the retail brands are undertaking the number of steps to make their business more technologically-sound, the retail tech solution providers are helping them by integrating software that can help them manage their payments, sales, the customer feedback, and, much more. These solution providers are expected to bring an innovating combination of solutions, which can push the retail market toward something new and exciting. In addition to that, the user experience has become a non-compromising aspect for the sellers. Starting from the interface of the website to the technology access, everything is expected to be a user-friendly and enriching experience for the customer.

The retailers have not only applied these technological tools to upgrade market interaction but also the in-house employ data management and the payment system. In the wake of these trends that are shaping up the retail space, a distinguished panel comprising of CEOs, CIOs, VCs, analysts, and the Retail CIO Outlook’s editorial board has reviewed the top solution providers in the realm of retail tech startups. We believe that vendors can help elevate the status of retail companies through innovations and technology integration to meet the industry needs. In our selection process, we have looked at each of the vendor’s capability that can fulfill the correct implementation of the right technology, its capacity for innovation, and maximize the retailer’s productivity.

We present to you Retail CIO Outlook’s “Top 10 Retail Tech Startups – 2019.”

Top Startups Companies

Field Day has decided to centralize the disparate retail marketing space through relevant technology. Believing that every location where brick and mortar stores operate in is characteristically different, Field Day’s unique platform centralizes local marketing approaches by forming a substantial database regarding a store and the people associated with it within a particular trade area. In addition to such data-based approach, Field Day has built a one-of-its-kind marketplace of field ambassadors to build brand awareness by bringing the message of a brand to the street

www.fieldday.app

As the only enterprise-class provider of checkout-free technology in the market, Grabango operates in large retail environments that are up to 100,000 square feet and often with hundreds of simultaneous shoppers onsite. Service integrates seamlessly with retailers’ existing POS systems and stocking operations. The Grabango Source of Truth covers every product in the store with an accurate, time-stamped database of all shopping events, offering real-time visibility into every aspect of the retailer’s operations, including inventory. This capability proves to be effective in the battle to reduce shopper and insider fraud (shrink)

grabango.com

Offers an all-in-one spend management platform for modern organizations

www.spendesk.com

Bluecore

Bluecore

A retail marketing technology company, Bluecore is reimagining the way retailers communicate with shoppers. It specializes in commerce retention, personalization, audiences, marketing, digital Marketing, and e-Commerce marketing. The Bluecore Communicate™, launched in 2019 introduces retailers to a fundamentally different email solution that replaces manual processes with an intelligent, AI-driven workflow and the industry’s first fully performance-based pricing model. Retailers can now manage ESP, triggers and personalized batch from a single interface, enabling them to personalize 100% of their email campaigns for the first time ever

ConversionPoint Technologies

ConversionPoint Technologies

A retail marketing technology provider, ConversionPoint Technologies create powerful campaigns aligned to help their client sell more via their own e-Commerce store, on E-tail sites (like Walmart, Target or Costco), and on Amazon. Their goal is to bring together the best e-Commerce technologies that would change the way companies could market their products and drive conversions. Powered by AI-enabled media optimization, CRM, and robust post-purchase platforms that automate product delivery and remarketing, the ConversionPoint companies offer proprietary technologies to increase conversions, lifetime customer value, and return on ad spend. Their technologies focus on amplifying the ad and marketing content created by their clients, and engaging and converting consumers into customers

flexEngage

flexEngage

A leading provider of personalized transactional communications for retailers, flexEngage enabling brands like Under Armour, GNC, Aldo, and Oakley to transform standard transactional touchpoints (receipts, order and ship notifications, packing slips, etc.) into dynamic engagement channels that drive loyalty and revenue. The company is backed by Y Combinator, strategic investor Synchrony Financial and other high-profile investors. Established in 2014, flexEngage provides digital products for google + facebook offline attribution, shopper surveys, loyalty activation, packing slips, order + ship notifications, digital reciept printed offer, and automated trigger emails

FutureProof Retail

FutureProof Retail

FutureProof Retail (FPR) provides easy-to-use, white-labeled check-out apps that secure a store’s merchandise while enhancing the shopping experience for the consumers. The white-labeled system offered by FPR is highly customizable and unlike any other third party app. It allows the merchant to own both the install and customer relationships. FPR’s Mobile Checkout app enables customers to interact with the in-store checkout system by scanning a QR code when they finish shopping followed by a clearance to leave or wait if unscanned items are detected in the bag

Grapevine6

Grapevine6

Provides a mobile-first, enterprise content engagement platform for digital selling

Mirakl

Mirakl

The company offers a Marketplace Platform that automates the hard things about marketplace management such as seller onboarding, service quality control, and order distribution; on a turn-key solution that’s easy to integrate into any e-commerce platform. As a result, Mirakl powers organizations' platform business strategy by allowing businesses to quickly launch an online marketplace. Mirakl Catalog Manager makes it easy to manage product data quality at marketplace scale. Over 160 customers in 40 countries trust Mirakl’s proven expertise and technology including Urban Outfitters, Hewlett Packard Enterprise, Best Buy Canada, Carrefour, Conrad, and Walmart Mexico

Nextail Labs

Nextail Labs

Nextail offers a smart platform for retail merchandising. Developed by retail experts, the platform delivers agile data-driven decisions to meet increasing consumer demands. Moreover, the company also delivers merchandising decisions using AI and predictive analytics. Nextail supports 4 key decisions every retailer faces: buying, first product allocation, replenishment, and store transfers. The company's optimization engine coupled with the most advanced retail-specific BI has proven to increase sales by 5-10 percent whilst reducing stock coverage and stock-outs