Karma develops online shopping tools that track changing prices on fashion items and automatically finds and applies coupons. It is based in Tel Aviv, Israel. It offers a bookmarklet tool to help consumers save and track products. It also offers browser extensions and iOS and Android apps.
Missing: Karma's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Karma's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Research containing Karma
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Karma in 1 CB Insights research brief, most recently on Oct 18, 2021.
Expert Collections containing Karma
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Karma is included in 3 Expert Collections, including Loyalty & Rewards Tech.
Loyalty & Rewards Tech
Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs to their customers. This collection includes categories across loyalty software, digital loyalty & rewards, AI-powered loyalty, blockchain-powered loyalty, and more.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Startups recreating how healthcare is delivered
Latest Karma News
Oct 15, 2021
Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Karma, an AI startup based in Tel Aviv, has raised $25 million in Series A funding to bring its AI Assistance To Million Of Online Shoppers. The funding round, which was co-led by Target Global and Moretech Ventures, brings the total funding raised by the startup to $33.9 million. Existing investors NFX and Altair Capital […] / share Published on October 15, 2021 Karma, an AI startup based in Tel Aviv, has raised $25 million in S eries A funding to bring its AI Assistance To Million Of Online Shoppers. The funding round, which was co-led by Target Global and Moretech Ventures, brings the total funding raised by the startup to $33.9 million. Existing investors NFX and Altair Capital also participated. Shmuel Chafets, General Partner and Vice-Chairman a Target Global, referred to the firm’s participation in the round by saying: “COVID-19 accelerated the e-commerce market by 10 years in just six months. Impressively, more than two billion online shoppers purchased $4.2 trillion of goods or services in 2020. In this massive, fast growing market, we believe Karma can become the market leader in automating the shopping experience. Karma’s browser-based AI shopping assistant elevates the shopping experience for customers tremendously and makes online shopping more efficient and rewarding for them.” Karma was founded with the mission to improve the online shopping experience via its AI-powered platform. By incorporating real-time merchandise data and using AI to analyze it, the platform alerts its users when the lowest available price for an item is met. So far in 2021, Karma has already saved more than $144 million to its more than 3 million users. Jonathan Friedman, Co-Founder and CEO at Karma, said about how the funding will help the startup fulfill its mission: “This funding round will help us continue to enhance our core AI shopping assistant using machine learning to deliver smarter capabilities to our users and extend our “best price guarantee” on many more e-commerce sites. Behind the scenes, we are building the most extensive digital shopping network in the world. This will allow us to capitalize on opportunities in markets adjacent to the online shopping experience.” With more than 2 billion people s hopping online in 2020 and e-retail sales surpassing $4.2 trillion, Karma has experienced fast growth over the years. The startup will be allocating the funds to expand its team, improve its AI and Machine-learning predictive analytics, scale its user base, and disrupt new markets. Tags
Karma Frequently Asked Questions (FAQ)
When was Karma founded?
Karma was founded in 2014.
Where is Karma's headquarters?
Karma's headquarters is located at Menachem Begin St. 144, Tel Aviv.
What is Karma's latest funding round?
Karma's latest funding round is Series B.
How much did Karma raise?
Karma raised a total of $28M.
Who are the investors of Karma?
Investors of Karma include AltaIR Capital, NFX, Target Global and MoreTech Ventures.
Who are Karma's competitors?
Competitors of Karma include RetailMeNot and 5 more.
Compare Karma to Competitors
Upside is a retail technology company on a mission to help communities thrive. Its technology has helped millions of people get more purchasing power on the things they need and tens of thousands of brick and mortar businesses earn measurable profit. Billions of dollars in commerce runs through the Upside platform every year, and that value goes directly back to its retailers, the consumers they serve, and towards important sustainability initiatives. The company was founded in 2016 and is based in Washington, D.C.
Fetch is a mobile shopping platform that connects and rewards everyday shoppers for buying the brands they love. The Fetch Rewards app gives users an easier way to save on everyday purchases by scanning their receipts and racking up points that they can use on hundreds of valuable rewards. The company was founded in 2014 and is based in Madison, Wisconsin.
GFT Exchange develops a retail, brand, fintech, blockchain and entertainment experience.
StormX is an app and Chrome extension that allows users to earn crypto in a multitude of ways. Its shopping app StormX, creates an engaging user experience that encourages active participation with the STMX token community.
Bright Bucks develops a saving application that includes cashback opportunities.
SamPoll is a reporting platform for brand retail activation which enables staff to automatically create event recaps and generate analytics for marketing and sales strategies.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.