Kahoona, a San Diego, CA-based provider of a data generation and activation technology platform, raised $4.5M in Seed funding.
The round was led by Global Founders Capital (GFC), with participation from Cardumen Capital, Plug and Play and Fourth Realm, as well as angels from Amazon, IronSource, NBC Universal, Verizon and SAP.
The company intends to use the funds to expand its R&D efforts, growing its operations and expanding its initial success to the US market.
Founded by Technion and MIT graduates, Gal Rapoport, Alon Ashkenasi and Ohad Tzur, Kahoona provides a data-generation and activation platform for the open web, which helps digital businesses secure revenue and protect their users’ privacy, in a walled-garden world. Their AI-driven solution generates user profiles by analyzing their interactions with websites and transforms insights into actionable audience segmentation data with the goal of increasing revenue and improving conversion KPIs via personalization.
The company is currently hiring data scientists and developers to its R&D Center in Tel Aviv and Sales and Marketing positions in its U.S. headquarters in San Diego, CA.