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Israel’s CallHero Bought by Truecaller for $6.5 Million

CallHero

Israeli company CallHero which offers people a smart digital assistant for screening their calls has been acquired by the Swedish company Truecaller for $6.5 million in cash and stock.

CallHero has developed the first AI-Powered Digital Assistant App. CallHero offers what the company calls a unique technical solution for both Android and iPhone, which helps users verify and answer calls with the help of a digital assistant, a Smart Agent.

“For everyone using Truecaller this means that you can now get your own personal assistant that will pick up a call from any unknown number calling you.”

Truecaller explained its reasons for the acquisition. The company said that it has been trying to find a solution on how to protect Truecaller iPhone users with Caller ID and Spam blocking the same way we’ve been able to protect our Android users. At the operating system level, iOS and Android are completely different.

CallHero will help it with leveraging cloud communications services to overcome the limitations in providing Caller ID and spam blocking.


Ad CallHero will also help to enhance its call management services like Call Screening and Smart Agents to provide users with added intelligence about who is calling, allowing our users to engage as desired and reclaim their phones.

Truecaller is a Swedish company founded in 2009 in Stockholm, Sweden by Nami Zarringhalam and Alan Mamedi. The app began when the company’s co-founders were just students who wanted to create a service that would easily identify incoming calls from unknown numbers.

Today, Truecaller has over 300 million monthly active users around the world, and is the go-to app for Caller ID, spam blocking and payments.

In a statement on the acquisition, TrueCaller said, “We are excited to join our teams together, and continue to work on how to make Truecaller more user-friendly for both iPhone and Android users worldwide. In the coming months, the CallHero app will be phased out while we integrate many of their features, and brand-new ones, into Truecaller that will further the Truecaller experience and is in line with our vision of making tomorrow’s communication safer, smarter, and more efficient.”

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