SandStar Awarded as Technology Pioneer by World Economic Forum
CHARLOTTE, N.C., June 15, 2021 (Newswire.com) - The World Economic Forum announced its selection of the 100 most promising Technology Pioneers of 2021 -- companies that are shaping industries from healthcare to retail and many more.
- This year's cohort includes representation from 26 economies on six continents with reach far beyond traditional tech hubs like Silicon Valley.
- SandStar, which provides AI retail products and solutions leveraging Computer Vision as core technology, made it to the selection for its innovation in the field of Retail.
- The full list of Technology Pioneers can be viewed here.
SandStar, an artificial intelligence company that provides leading computer vision technology for the retail industry, was selected among hundreds of candidates as one of the World Economic Forum's "Technology Pioneers". The advanced retail solutions engage shoppers like never before with grab-and-go convenience, autonomous checkout and big data analytics, serving businesses worldwide.
The World Economic Forum's Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society.
With their selection as Technology Pioneer, CEO Yili Wu of SandStar will be invited to participate at World Economic Forum activities, events and discussions throughout the year. SandStar will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.
"We're excited to welcome SandStar to our 2021 cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "SandStar and its fellow pioneers are developing technologies that can help society solve some of its most pressing issues. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world."
"It's our great honor to be acknowledged as a pioneer by the World Economic Forum", said Yili Wu, SandStar's Founder and CEO. "It is a confirmation our technology is among the most unique in the world and can improve the efficiency in retail. Our technology brings a convenient way for shopping, and the retail analytics generates insights and business value for brands and retailers. We look forward to contributing to the Forum Dialogues on the disruptive innovation in retail."
For the first time in the community's history, over 30% of the cohort are led by women. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. This year's cohort includes start-ups from 26 countries, with UAE, El Salvador, Ethiopia and Zimbabwe represented for the first time.
The diversity of these companies extends to their innovations as well. 2021 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The full list of Technology Pioneers can be found here.
Technology Pioneers have been selected based on the community's selection criteria, which includes innovation, impact and leadership as well as the company's relevance with the World Economic Forum's Platforms.
All info on this year's Technology Pioneers can be found here: http://wef.ch/techpioneers21
More information on past winners, information on the community and the application link can be found here.
About SandStar: Founded in 2016, SandStar now has over 220 engineers. The company provides Smart Kiosks, Pure Computer Vision Smart Shops, and Smart Store Analytics. Dual-headquartered in Charlotte, N.C., and Beijing, SandStar serves 20-plus Fortune 500 companies and strives to build an AI retail ecosystem. SandStar is a qualified Intel® IoT Market Ready Solution (Intel® IMRS) partner and Microsoft Co-Sell partner, supported by a number of leading venture capital investors after four rounds of funding, including CP Group, one of the world's largest conglomerates.
About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).
About the Technology Pioneers:
The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community is composed of early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
The World Economic Forum provides the Technology Pioneers community with a platform to engage with the public- and private-sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.
Source: SandStar
