Feedvisor, a Tel-Aviv, Israel-based price automation platform provider, raised $5m in venture capital funding.
The round was led by Square Peg Capital with participation from existing investors JAL Ventures and Titanium Investments.
The company, which has raised $13m to date, will use this capital to continue accelerating growth and global business expansion, including opening offices in the US.
Led by Victor Rosenman, CEO and Founder, Feedvisor provides online retailers with a platform to price dynamically with no need to continuously program rules via machine learning algorithms that automatically analyze market dynamics, changes in demand, and price perception.
The company’s solution is used by hundreds of online retailers worldwide to manage over $1.5 billion in gross merchandise volume.