eBay (NASDAQ: EBAY) is to acquire Corrigon Ltd., an Israeli developer of visual search technologies.
The financial terms of the deal were not disclosed. Upon the close of the transaction, the Corrigon team will join eBay’s structured data organization and will be based in eBay’s Israeli Development Center in Netanya.
Co-founded in 2008 by Avinoam Omer and Einav Itamar, Corrigon helps identify objects within an image, matching both visual and textual elements to ensure that the image is recognized, correctly classified and matched to its corresponding product. With more than one billion live listings on its platform, Corrigon’s expertise and technology will allow eBay to match the best images to their products to improve the experience of shoppers who can be confident that what they buy is exactly what they see.
Corrigon is the third acquisition in 2016 following SalesPredict and Expertmaker.