Digital Media Vending International (DMVI), a leading provider of automated retail technology solutions, is launching a new M-Series division focused on the problem of retail shrink.
DMVI's expandable modular automated retail solution offers an innovative approach to loss prevention by automating in-store shelves and providing consumers with instant access to high-value products, while also providing retailers with detailed inventory tracking data that can help reduce shrink, which includes shoplifting, employee theft and administrative errors.
With DMVI's advanced software, inventory can be tracked from manufacturer to employee to consumer, dramatically reducing shrink, improving consumers in-store experiences, and increasing in-store sales.
DMVI's expandable modular automated retail solution is available in three models: the Signature model, the Wine & Liquor Bottle model, and a Pharmacy model. The Signature model features a modular design that can expand from 5 feet to 36 feet wide, capable of dispensing a wide variety of product sizes, and can be equipped with interchangeable 55" advertising screens or windows. For high-traffic locations, it offers a self-serve order kiosk option. The M-Series models provide consumers with instant access to products without the need to lock them away, making the shopping experience more enjoyable and convenient.
"We are excited to offer our patent-pending solution that addresses the critical problem of retail shrink," DMVI's CEO David Ashforth, said in the announcement. "Our expandable automated retail technology and modular delivery systems are a game-changer for retailers who want to reduce losses, increase sales, and improve their customer experience. With our innovative approach to automated retail, we are helping retailers stay ahead of the curve and drive growth in an increasingly competitive market."
To fund DMVI's rapid expansions and buildup the M-Series Division the Company is looking to strategic Venture Capital stakeholders who are seeking new innovations in this sector. So far, the company has raised $1 million of its $5 million, Series A round, offered through Capital Q Ventures Inc., which has acquired an equity stake in the company.