Blockchain-Based Startup PopCom Raises Another $2.3 Million in Crowdfunding Campaign

Chinese Parliament Suggests a Blockchain Development Fund
Chinese Parliament Suggests a Blockchain Development Fund

PopCom, an “automated retail company that leverages facial detection, machine learning and blockchain technology to help retailers collect valuable customer insights,” has just raised $2.3 million through a crowdfunding campaign, according to Black Enterprise.com.

This is the group’s second campaign on the Start Engine platform, and it will use this money to grow operations, bring on more employees, and increase their output of automated smart vending machines – particularly due to the COVID-19 pandemic. Their previous campaign brought in $1.07 million.

Speaking on the matter is Founder and CEO of PopCom, Dawn Dickson:

“Although the timing is sensitive due to the COVID-19 outbreak, we must continue to look towards the future and build products for our customers. While some industries are hurting, the requirement for social distancing validates the need for vending and retail automation. We believe that the market will continue to move towards self-service and contactless retail. Vending machines and convenience services are becoming more essential, and retailers are looking for more ways to deliver their products direct-to-customer with less human friction. We are excited about what is to come.”

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Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.