Xpand Secures $6 Million Funding to Revolutionize Retail
TEL AVIV, Israel—(BUSINESS WIRE)—Xpand, a pioneering retail technology firm specializing in autonomous, AI-driven shopping environments, announced it has secured $6 million in a funding round led by Ibex Investors and Emerge. The company's leadership, including Chairman and CEO Joel Bar-El, participated actively, reflecting strong confidence and alignment in their strategic vision.
Leadership's Vision for Autonomous Retail
"Our goal is to revolutionize retail by creating autonomous, scalable, and always-operational stores," stated Bar-El.
Next Growth Phase and Expansion
This new investment will facilitate Xpand’s next growth phase, starting with the opening of its first intelligent autonomous store in Vienna. This milestone signifies a significant step toward expanding access to efficient, frictionless retail solutions worldwide.
Transition from Concept to Deployment
"With this funding, we are transitioning from concept to large-scale implementation," Bar-El added. "The Vienna store is just the beginning. Our team is dedicated to bringing scalable autonomous retail to a glo...