Breaking
$25M Series B led by Hedosophia 6,000 Dollar General stores set for AI audio 100M+ shoppers reached monthly #8 on Deloitte's Tech Fast 50 (2025) 220%+ year-over-year growth Meet Lucy, QSIC's generative AI voice Sales lifts averaging up to 14% $25M Series B led by Hedosophia 6,000 Dollar General stores set for AI audio 100M+ shoppers reached monthly #8 on Deloitte's Tech Fast 50 (2025) 220%+ year-over-year growth Meet Lucy, QSIC's generative AI voice Sales lifts averaging up to 14%
The Retail Media Dispatch Dallas, Texas · Est. 2013 Company Profile
In-Store Audio · Retail Media · AI

QSIC makes the store speak - and proves it sells.

The audio you barely notice in a grocery aisle or convenience store is becoming one of retail's most measurable ad channels. QSIC built the platform behind it - curated music, point-of-sale data and generative AI, wired together across thousands of stores.

100M+Monthly shoppers
3Continents
$30M+Total raised
QSIC company logo
QSIC's wordmark, rendered in the gradient it uses across its platform. The name fuses audio and intelligence - the two halves of its pitch.
What QSIC Does

Turning background music into a business line

For most of retail history, the speakers overhead played a loop nobody measured. QSIC's premise is that the sound inside a store is inventory - attention a retailer already owns, at the exact spot where money changes hands. Its platform pairs store-specific playlists with audio ads that can be planned, placed and, crucially, tied back to sales.

The company describes itself as an "intelligent in-store audio platform." In practice that means three things running together: music curated for a location, advertising slotted dynamically into the rotation, and an intelligence layer that connects point-of-sale data to what was playing when a shopper bought. That last piece - closed-loop attribution for audio - is the part the rest of the market has struggled to deliver.

QSIC started life in Melbourne, Australia, as a cheaper, cleaner alternative to the analog in-store systems retailers had lived with for decades. Over roughly a decade it grew into something broader: a network reaching more than 100 million shoppers a month across three continents, now headquartered in Dallas.

The reframe from "streaming music for stores" to "retail media channel" is the whole story. Retailers were already pouring budget into digital shelves and on-site ads. QSIC's argument is that the loudspeaker - the one medium every shopper hears - had been left out, and that it can be both targeted and accountable.

"90% of transactions are influenced at the moment of purchase. QSIC lives in that moment."
14%Avg. sales lift for retailers
90%Of transactions influenced at purchase
~77Employees
2013Founded in Melbourne
Products & Services

Three layers, one signal chain

01 / Ad Platform

Create & place

AI-assisted audio ad creation, dynamic ad planning and verified, timestamped ad transparency so brands can confirm exactly when and where a spot ran.

02 / Lucy

Generative AI voice

QSIC's proprietary model creates on-demand voiceovers and localizes ad content in real time - folding in local pricing, inventory and even weather.

03 / Intelligence

Measure & target

Predictive targeting, performance analytics and self-service reporting that link audio campaigns to point-of-sale outcomes.

04 / In-Store Audio

Curate & run

Scalable, store-specific playlists with automated volume control that reacts to ambient noise, managed across many locations from one place.

By The Numbers

What the growth looks like

Selected QSIC metrics

Figures drawn from company statements and press reports · relative scale
YoY growth
220%+
Sales lift
up to 14%
Monthly reach
100M+
Tech Fast 50
#8
Series B
$25M
Who Uses It

Big-box aisles and quick-service counters

QSIC's customers are retailers and quick-service restaurants that operate at scale, plus the consumer brands that want to reach shoppers inside those stores. The platform sits on both sides of that exchange: it runs the audio for the retailer and sells accountable ad inventory to brands.

Dollar General7-ElevenMcDonald's Coles ExpressWingstopCPG brand advertisers

The problem it solves is old and specific. In-store audio was analog, generic and impossible to measure, so retailers treated it as an overhead cost and advertisers ignored it. QSIC makes it programmable and accountable - a channel where a spot can be localized, verified and traced to a sale. For a retail media network chasing incremental revenue, that turns a dormant asset into a line item.

"Retailers deploying our tech see sales lifts averaging up to 14%, and we've barely scratched the surface."

Our story began over a decade ago with a simple purpose: to create value that others can't see.

QSIC · on its origins
The Founders

A product duo, a decade in

Co-Founder & CEO

Matthew Elsley

Leads QSIC's strategy and its push into the North American retail media market. A tech entrepreneur with a business background from Swinburne University of Technology, he frames in-store audio as an underused, measurable channel rather than background noise.

Co-Founder & Chief Product Officer

Nick Larkins

Runs product, drawing on a media-technologies background from RMIT and roughly 15 years across technology and digital industries. His work shapes the platform's audio, AI and intelligence layers.

Business Model & Market

Where QSIC fits

The model is two-sided B2B. QSIC licenses its in-store audio platform to retailers and QSRs as software, then monetizes advertising across that store network - sharing accountable ad revenue with retail partners and the brands buying spots. The more stores it runs, the more valuable its ad inventory becomes, and vice versa.

That places QSIC squarely inside the fast-growing retail media category, but in a lane most competitors have left thin. Background-music providers like Mood Media, Stingray and Soundtrack Your Brand handle the playlist; audio-ad players like Vibenomics have chased the media side. QSIC's differentiator is bundling music, AI-made ads and point-of-sale attribution into one signal chain.

Its edge is measurement. Selling audio inventory only works if a buyer believes it moved product, and closed-loop attribution is what lets QSIC make that claim with data rather than assertion. Generative AI sharpens the pitch further: with Lucy, a single campaign can spin out thousands of localized variants without a studio.

The market timing is the tailwind. Retail media has become a major growth area for retailers hunting high-margin revenue, and audio is one of its least-developed surfaces. QSIC is betting that the store's soundtrack becomes as biddable as its website - and that whoever builds the measurement layer first sets the standard.

Timeline

From Abbotsford to 12,000 stores

2013

Founded in Australia

Matthew Elsley and Nick Larkins start QSIC in Abbotsford, Melbourne, as a streaming alternative to analog in-store audio.

2023

Pivot to retail media

QSIC reframes in-store audio as a measurable channel powered by point-of-sale data.

2024

220%+ YoY growth

The company triples its retail footprint on the back of strong North American adoption.

2025

$25M Series B & Lucy

Raises a Series B led by Hedosophia and showcases its generative AI voice, Lucy, at Shoptalk 2025.

2026

Dollar General rollout

Partners with DG Media Network to power AI audio across roughly 6,000 more stores, and ranks #8 on Deloitte's Tech Fast 50.

Funding

Backed to scale the network

Jan 2025

Series B · $25M

Led by Hedosophia, earmarked for expansion into new retail locations, product development and scaling the sales team.

Cumulative

~$30M total

Across earlier seed and venture rounds, funding a decade of building the audio and intelligence stack.

Recognition

Deloitte Tech Fast 50

Ranked #8 in 2025, a measure of how fast its revenue base has grown.

Watch & Explore

See it in action

FAQ

Quick answers

What does QSIC do?

It runs an in-store audio platform that combines curated music, point-of-sale data and generative AI to turn store audio into a measurable retail media channel.

Who founded QSIC and when?

Co-founded roughly a decade ago by Matthew Elsley (CEO) and Nick Larkins (Chief Product Officer), with roots in Melbourne, Australia and a current base in Dallas, Texas.

What is Lucy?

Lucy is QSIC's proprietary generative AI model that creates and localizes custom audio ads in real time, including on-demand voiceovers reflecting local pricing, inventory and weather.

Which retailers use QSIC?

Retailers and QSRs including Dollar General, 7-Eleven, McDonald's, Coles Express and Wingstop; the network reaches over 100 million shoppers monthly.

How much has QSIC raised?

A $25M USD Series B led by Hedosophia in January 2025, with total funding estimated around $30M across earlier rounds.

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