Israeli startup Xpand (formerly 1MRobotics) secured $6 million in a recent funding round. Ibex Investors and Emerge led the investment. This capital will advance Xpand's autonomous retail stores globally.
Xpand develops AI-powered, unmanned "store-in-a-box" units. These modular systems, moreover, integrate robotics, computer vision, and real-time inventory management. Consequently, they operate 24/7 without staff, offering retailers flexible expansion.
Accelerating Global Autonomous Retail Expansion
The new funding supports Xpand's next growth phase. The company will launch its first smart autonomous store in Vienna. Furthermore, this investment accelerates store rollouts across Europe and North America.
Founded in 2021 as 1MRobotics, the company rebranded to Xpand for commercial deployment. CEO Joel Bar-El previously co-founded Trax Retail, a global retail AI unicorn. The team brings experience from SAP and Magic Leap. They compete with firms like Standard Cognition and Amazon Go.
Xpand aims to power the next generation of retail infrastructure.