Israeli on-device AI co Anagog raises $10m



Israeli on-device synthetic intelligence (AI) options firm Anagog right this moment introduced that it has raised an preliminary $10M in Sequence-C funding co-led by IN Enterprise, Israel’s company enterprise capital arm of Sumitomo Company, and current investor Israeli enterprise capital agency MizMaa. Worldwide automotive provider Continental additionally participated within the financing spherical.




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Anagog CEO Ofer Tziperman stated, “We’re proud to have IN Enterprise and Continental be a part of us and are enthusiastic about their and MizMaa’s funding in our firm, meant to drive better momentum and progress for our enterprise. Particularly throughout this international, difficult interval, we proceed to revolutionize the best way firms perceive their clients and ship hyper-personalized experiences based mostly on bodily world conduct. The brand new funding will play a major position in enhancing our capabilities and future expertise choices. It is going to assist us handle the rising demand for higher personalization capabilities and place Anagog because the chief in ‘edge-AI.’ With our traders’ help, we are going to change the best way firms attain, join with and create significant relationships with shoppers world wide, offering them with seamless buyer experiences and bulletproof privateness.”

The brand new funds will assist Anagog bolster its international gross sales and supply capabilities in addition to leverage the funds to help the core R&D group – together with a number of new product improvements that will likely be revealed within the coming months.

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Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 31, 2020

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© Copyright of Globes Writer Itonut (1983) Ltd. 2020