Israeli digital commerce search engine company Twiggle has closed a $15 million series B financing round led by MizMaa Ventures and Korea Investment Partners. The company has raised $33 million to date including the latest financing round and other investors include Alibaba, Naspers, Yahoo Japan, State of Mind Ventures and Sir Ronald Cohen.
Twiggle uses advanced techniques in data science, artificial intelligence, machine learning and natural language processing to power the next generation of digital commerce. Based in Tel Aviv, the company was founded in 2013 by CEO Dr. Amir Konigsberg and CTO Dr. Adi Avidor.
Konigsberg said, “The addition of MizMaa Ventures will strengthen our ties with the Chinese retail market, and Korea Investment Partners has opened up new opportunities in Korea, with leading e-commerce players such as Coupang."
Twiggle also plans opening a New York office.
Published by Globes [online], Israel business news - www.globes-online.com - on May 12, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017