Octup, a Tel Aviv, Israel-based provider of an operational AI-driven ecommerce insights platform, raised $4M in Pre-Seed funding.
The round was led by Tal Ventures with participation from Bullet Ventures, HCS Investors Group and World Trade Ventures, and the founders of unicorn companies Trax and Rapyd.
The company intends to use the funds to broaden the rollout of its 360-degree end-to-end discovery platform for ecommerce.
Led by Alon Partuk, CEO and Founder, Octup is a provider of business operational AI solutions, assisting ecommerce businesses in optimizing online sales, reducing inefficiencies, and supporting growth. With its 360-degree prescriptive discovery platform, the company gathers, interprets, and correlates data from every facet of businesses’ operations. It serves a global customer base spanning various sectors, including apparel, supplements, consumer electronics, skincare, cosmetics, and jewelry.
Commenti on the news, Alon Partuk, said: “We believe it’s crucial to understand how key business metrics like lifetime value (LTV) and client retention relate to the quality of our service. Our dedicated team tackled technical and data complexity challenges head-on, developing an advanced engine to access previously elusive information. This innovation now provides complete operational visibility, revealing hidden costs and delivering significant value to our clients. Companies leveraging Octup’s solution have seen their overall profits increase by up to 40%.”
FinSMEs
06/02/2024