Lior Neumann, Co-founder & CEO and Ayal Regev, Co-founder & CTO (company pic) Redefine.dev
Fetcherr, an Israeli startup that developed an AI-powered, real-time demand predictor, raised $12.5 million in Pre-Series B funding led by Left Lane Capital and M-Fund. This raise followed a $7 million Series A raise in 2022, bringing Fetcherr’s total funding to $31 million across equity and debt. And Redefine.dev, an Israeli startup offering an AI-powered software optimization platform, led by Gillot Capital, featuring investments from industry leaders such as Nitzan Kapira and Ran Rabenzaft (founders of Epsagon), Efrat Rapoport (director of Salesforce Israel), Assaf Ezra (founder of Granolite), Simon Peryman (former VP of Development at Twitch), and Farhan Tawar (VP of Development at Shopify).
Founded in 2022 by graduates of the IDF’s cybersecurity units, CEO Lior Neuman (former R&D officer in 8200) and CTO Ayal Regev (former cyber course commander and researcher at Unit 81), Redefine.dev boasts that it offers is the first predictive CI platform that “seamlessly integrates” with the user’s existing CI environment, allowing one to reduce compute costs, enhance code quality and accelerate the software development cycle. By combining code-analysis and ML, redefine optimizes build and reduces feedback time by over 90% for developers.
“AI-based solutions are increasingly adopted, and it’s inevitable that software development and advanced automation will follow suit,” said Lior Neuman, CEO of Redefine. “Our solution optimizes processes, shortens running times, and saves machine costs while improving developers’ experience.”
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As for Fetcherr, founded in 2019 the company is an Israeli Algo Trading-based startup that developed a proprietary AI-powered pricing system, using proven reinforcement AI models to increase airline revenue by enabling High-Frequency Pricing. Fetcherr boasts that it redefines the way airlines price flights by using artificial intelligence to maximize profits while lowering costs. The new funding will allow Fetcherr to onboard additional airline partners, open a North American headquarters, and further expand into other global markets.
Fetcherr’s airline partners have reported higher operating revenues since deploying their pricing technology. This gives investors confidence that Fetcherr can deliver measurable impact across all aspects of operations, despite challenges facing the broader industry. Given uncertainty in the VC market, the raise also solidifies the company’s growth trajectory.
“The airline industry is broken and needs an overhaul of its current platforms. Fetcherr’s technology provides the best AI-based solutions for optimal revenue performance,” said Roy Cohen, Co-Founder and CEO at Fetcherr. “We’re committed to making real-time high-frequency pricing a reality and this financing will ensure we reach these goals.”
