APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Trax Retail Acquires AI-based Startup Qopius

    After acquiring Qopius, Trax can push real-time store monitoring and autonomous inventory management into mainstream adoption, the company said in a statement  

    Trax Retail Acquires AI-based Startup Qopius

    By

    Apac CIOOutlook | Tuesday, February 25, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    After acquiring Qopius, Trax can push real-time store monitoring and autonomous inventory management into mainstream adoption, the company said in a statement

    FREMONT, CA: Trax, a Singapore-based retail tech unicorn, announced it has completed the process of acquisition of Qopius, a Paris-based in-store tech solution in Europe. After acquiring Qopius, Trax can push real-time store monitoring and autonomous inventory management into mainstream adoption, the company said in a statement. The company did not disclose any financial information related to the acquisition in the statement.

    Check Out This : Retail Business Review 

    "The key to retail success in the new decade is using technology to support employees. This means capturing critical shelf data in real time to enable employees to fix merchandising and availability issues faster than ever before," said Trax co-founder and CEO Joel Bar-El.

    Qopius, founded in 2015, is a hardware-agnostic computer vision platform that helps retailers increase productivity, measure shelf performance, and reduce out-of-stock scenarios. By using advanced technology for retail data integration and analytics, Qopius help managers and staff to reform the store operations and achieve higher scales.

    Qopius has a wide range of customers, including the current retailers like Casino, Carrefour, Metro, and MediaMarktSaturn Retail Group.

    The combined platform of Trax and Qopius will be able to expand its reach within the retail grocery space by offering a holistic approach to improve the efficiency of store operations through always-on shelf monitoring.

    Trax said in the statement that the acquisition is made at a perfect time when the retail executives are focusing more on improving customer experience. A study conducted by Trax in association with retail research and advisory firm Coresight suggests 8 out of 10 executives believe that consistent in-store execution remains the biggest obstacle to customer satisfaction.

    Trax made a string of acquisitions last year, including Shopkick in the US, Planorama in Europe, and LenzTech in China preceding the Qopius deal.

    Trax also raised US$100 million in a Series D round in July last year, which was led by Chinese alternative asset manager Hopu Investments. Other investors in the funding were Warburg Pincus, Blackrock, GIC, and Boyu Capital. With this funding, the startup raised a total of US$360 million and is now valued at US$1.4 billion.

    See also: Top Retail Solution Companies

    More in News

    Real-Time Insights Fueling Smarter Brand Strategies

    Real-Time Insights Fueling Smarter Brand Strategies

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/trax-retail-acquires-aibased-startup-qopius-nwid-7341.html