SmartRetail Pte. Ltd.

Based in Singapore, and founded by Adam So (CEO) in 2009, SmartRetail Pte. Ltd. operates as a provider of retail technology solutions using AI (artificial intelligence). In February 2024, the firm raised venture funding led by investors Kumpulan Modal Perdana, LMI GROUP Inc.

, and MCP Asset Management. The firm, as of March 2024, has operations in Singapore with more than 300 operating retail points, Hong Kong with over 1,200 operating retail points, and Malaysia with 1,000 retail points. Some of SmartRetail’s projects include partnership vending MalaysiaMandai Reserve Singapore, New World Development Co Ltd’s vending Machine as a Mask Selling Machine campaign launch. The company specializes in marketing solutions that enhance customer engagement and drive brand awareness.

SmartRetail offers two solutions: Reward Engagement Out-of-Home Marketing and AI Profiling – Computer Vision, to enhance clients' offline customer interaction. The Reward Engagement Out-of-Home platform integrates customer interaction with brand promotion, creating personalized experiences for both consumers and advertisers. Through incentive-based marketing, interactive advertising, and extensive vending machine coverage in premium locations, SmartRetail maximizes engagement and fosters brand loyalty. The AI Profiling – Computer Vision solution leverages advanced AI-driven technology to provide retailers with insights into customer behavior.

By strategically deploying discreet cameras, businesses gain access to data on customer demographics, traffic patterns, engagement metrics, etc enabling informed decision-making and targeted marketing strategies. The company plans to utilize the February 2024 funding for global expansion as well as the expansion of its team.