Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Alibaba invests in Israeli Startup Twiggle developing E-commerce search

Twiggle is developing next generation e-commerce search technologies which combines data science, artificial intelligence, machine learning and natural language processing to power digital commerce.

Twiggle-founders- Adi Avidor, Amir Konigsberg 798x532

Israeli startup Twiggle, which is developing next generation e-commerce search technologies, announced today that it secured additional funding from the Alibaba Group as the second tranche of its Series A financing.

This follows the ment in April the company announced a $12.5 million round led by South African multinational Naspers with participation from Yahoo Japan Capital, State of Mind Ventures and Sir Ronald Cohen.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Twiggle, which has raised $14.7 million so far, will launch on several e-commerce sites in August.

The funding will be utilized to grow the company’s R&D team in Israel and drive the company’s global expansion plans. No details were disclosed about the amount Alibaba is investing.

Founded in 2013 by two former Google Israel, CEO Dr. Amir Konigsberg and CTO Dr. Adi Avidor, the company uses advanced techniques in data science, artificial intelligence, machine learning and natural language processing to power the next generation of digital commerce.

Konigsberg said, “We’re redefining the way users engage with e-commerce, and we take it as the utmost validation of Twiggle’s vision and potential that a global company like Alibaba would join us on this journey. We are wholly focused on bringing the most advanced search experience and technologies to digital commerce to help this industry take a massive leap forward. Alibaba is an incredible company and we’re delighted to partner with them.”

Twiggle has developed a platform for e-commerce Search based on its proprietary commerce knowledge graph and natural language search systems. These are designed to make commerce search more intuitive, effective, and suited to next generation of Search mediums such as mobile search, voice based search, and conversational interfaces.

The company also announced two significant additions to the Twiggle team. Dr. Udi Manber, former Chief Scientist at Yahoo, founder & CEO of Amazon’s search unit A9, and Head of Search at Google, has joined the company’s Board of Directors. Noa Ganot, former Head of Product in eBay’s structured data organization, has joined Twiggle as Vice President of Product.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.