Nov 30, 2022

AI Solutions Pioneer Spacee Adds Thiel Capital Managing Director, Former PayPal SVP to Advisory Board Jack Selby was one of the original employees at PayPal. He later served as a corporate officer/SVP overseeing PayPal's international and corporate operations. Selby says he'll work with Spacee's team to bring its computer vision tech "to more businesses who will be leveraging AI innovation to streamline efficiencies, draw more customers into stores, and ultimately improve their bottom line." Spacee's patented computer vision and AI capabilities can provide near real-time analytical data to help retailers with decision making. [Image: Spacee] Dallas-based Spacee, a provider of computer vision and AI solutions that help businesses drive new insights, improve efficiency, and boost revenue, announced that technology and finance entrepreneur Jack Selby will join its advisory board. Jack Selby Selby is managing director of Thiel Capital, managing partner at AZ-VC, and managing partner at High Frequency Entertainment. Thiel Capital is a California-based investment firm founded by billionaire PayPal co-founder Peter Thiel. Selby was one of the original employees at PayPal. He later served as a corporate officer/senior vice president, overseeing that company’s international and corporate operations. “I’m very impressed with the team at Spacee and how they’re using computer vision technology to address challenges retailers are facing managing inventory and improving supply chain efficiency while creating more interactive in-store environments,” Selby said in a statement. “I’m excited to jump in and work with Skip and team to bring Spacee technology to more businesses who will be leveraging AI innovation to streamline efficiencies, draw more customers into stores, and ultimately improve their bottom line.” Involved with SpaceX, Palantir, Q Bio, and other companies As an active technology investor and advisor, Selby is involved with notable companies such as SpaceX, Palantir, Affirm, Blend, Offerpad, Myeloid Therapeutics, Kisbee Therapeutics, Resonance Medicine, Paradox, Q Bio, Senzo, Halo, Group Nine Media, Wick Communications and others. He’s also on the advisory board of the Dubai Chamber of Digital Economy. Skip Howard, Spacee [Photo: Skyler Fike/Dallas Innovates] “Jack’s experience is invaluable to any technology company,” said Skip Howard, founder and CEO of Spacee. “We’re very fortunate to have Jack as an advisor with his decades of expertise as an entrepreneur working with giants in tech innovation. As we further develop our computer vision solutions and expand our customer footprint, Jack’s guidance and connections within the technology community will be instrumental to Spacee’s growth.” Spacee’s other advisory board members include Brad Anderson, former CEO of Best Buy ; Brad Crutcher, former COO and CEO of Texas Instruments; and Duncan MacFarlane, professor of Electrical Engineering at Southern Methodist University. Spacee pioneered the use of computer vision in retail in 2017, with the first computer vision-driven interactive in-store experiences. In June, it launched Hovertouch, which offers in-store touchscreen-like experiences without a touchscreen in sight. Spacee leverages computer vision AI to create memorable retail experiences, gather actionable real-time analytical data, and increase supply chain efficiency. Get on the list. Dallas Innovates, every day. Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day. One quick signup, and you’re done. In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from Exela Technologies, Newmark, OrangeGrid, RailPros, Aimbridge Hospitality, Integrity Marketing Group, Smoothie King, Bank of Texas, MD7, Salvation Army, and more. Plus, you'll find board appointments including Texas Mutual Insurance, Zimperium, and the Ebby Halliday Foundation. It's the first transition of chairs since the organization’s inception. The new chair was announced at the 2022 State of My Possibilities, a virtual event. Plus, Big Thought's Byron Sanders joined My Possibilities' Michael Thomas in a discussion of the importance of creativity and innovation in the charitable sector. Here's a takeaway.