Anagog, a Tel Aviv, Israel-based provider of on-device artificial intelligence solutions, raised an initial $10M in Series-C funding.
The round was co-led by IN Venture, Israel’s corporate venture capital arm of Sumitomo Corporation, part of Sumitomo Corporation Global Venture Group, as well as existing investor and VC firm, MizMaa, joined by Continental, the international automotive supplier, tire manufacturer, and industry partner.
The company intends to use the funds to continue to bolster its global sales and delivery capabilities as well as support the core R&D team – including several new product innovations that will be revealed in the coming months.
Led by Ofer Tziperman, CEO, Anagog is innovating real-world personalization via its JedAI suite of products, which enable mobile phones to understand users’ real-world behaviors (micro-segments) and real-time context (micro-moments). The patented privacy-by-design approach allows the phone to pull hyper-personalized and contextualized offerings from the marketer’s cloud without disclosing the user’s personal data. Accordingly, companies can create the most personal customer experience for each individual customer and increase engagement. The technology has more than 25 million downloads globally and is integrated into more than 100 mobile apps.