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INTERNET | Internet Software & Services / Browser Software/Plugins
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Founded Year

2014

Stage

Series B | Alive

Total Raised

$28M

Last Raised

$25M | 3 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Karma

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.

Karma Headquarter Location

Menachem Begin St. 144

Tel Aviv,

Israel

Latest Karma News

Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI

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

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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 2 Expert Collections, including Loyalty & Rewards Tech.

L

Loyalty & Rewards Tech

306 items

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.

A

Artificial Intelligence

8,330 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Karma Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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