- Anagog, the pioneer of on-device artificial intelligence solutions, announced it raised an initial $10 million Series-C round of funding
Anagog — the pioneer of on-device artificial intelligence solutions — announced that it raised an initial $10 million Series-C round of funding. This round of funding was co-led by IN Venture (Israel’s corporate venture capital arm of Sumitomo Corporation, part of Sumitomo Corporation Global Venture Group) as well as existing investor and VC firm MizMaa and is joined by international automotive supplier Continental.
This funding will enable Anagog to bolster its global sales and delivery capabilities as well as leverage the funds to support the core R&D team, including several new product innovations that will be revealed in the coming months.
While the industry grapples with unclear changes, these additions will serve as the missing link needed for providing accurate views of real-time and real-world customer insight as they emerge out of the current crisis. And at the same time, this will offer richer contextual services that create a unique and enhanced user experience.
Anagog is known for reinventing real-world personalization. And as a global pioneer of edge-AI, Anagog utilizes its JedAI suite of products to enable mobile phones to understand users’ real-world behaviors (micro-segments) and real-time context (micro-moments). The company’s patented privacy-by-design approach allows the phone to pull hyper-personalized and contextualized offerings from the marketer’s cloud without disclosing the user’s personal data. So companies can craft the personal customer experiences for each individual customer and significantly increase engagement.
Anagog’s technology has over 25 million downloads globally and is integrated into more than 100 mobile apps.
Key Quotes:
“We are proud to have IN Venture and Continental join us and are excited about their and MizMaa’s investment in our company, intended to drive greater momentum and growth for our business. Especially during this global, challenging period, we continue to revolutionize the way companies understand their customers and deliver hyper-personalized experiences based on physical world behavior. The new investment will play a significant role in enhancing our capabilities and future technology offerings. It will help us address the increasing demand for better personalization capabilities and position Anagog as the leader in ‘edge-AI.’ With our investors’ support, we will change the way companies reach, connect with and create meaningful relationships with consumers around the world, providing them with seamless customer experiences and bulletproof privacy.”
-Anagog CEO Ofer Tziperman
“We are really excited to get on board. Anagog has an exceptional deep technology and an experienced team. We believe that the combination of edge-AI, hyper-personalization, and strict privacy is a game-changer in several key domains. We are joining to support Anagog becoming a market leader while impacting the lives of millions of people around the world.”
-Eitan Naor, Managing Partner of IN Venture
“Anagog has a unique mix of state-of-the-art technology, a highly talented and experienced team, and a leading edge-AI solution that revolutionizes and enhances end-customer experiences. We are thrilled to work with Ofer and his passionate team while pursuing our goal of leveraging and creating more data-driven and based mobility services.”
-Rouven Spinner, Investment Partner of Venture Capital at Continental.
“MizMaa is excited to continue supporting the strong team at Anagog. Given the global privacy regulation tsunami, we believe that no business will be able to compete without adopting a privacy-by-design solution, and Anagog is standing ready to provide such a deep-tech solution.”
-Isaac Applbaum, Managing Partner at MizMaa Ventures
