| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Israel |
| Sector | Saas |
| Collapse type | Zombie Startup |
Nexite
"Israeli connected goods startup backed by Andreessen Horowitz that raised 67 million dollars to put IoT chips in retail products and entered zombie mode as retail hardware adoption proved slower than projected."
Technically alive but effectively dead, burning cash
Key Events Timeline
Nexite raised $67M from a16z and others to embed tiny Bluetooth chips into retail merchandise tags, enabling stores to track inventory in real-time and customers to interact with products via their smartphones.
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