Alibaba Invests In Twiggle AI-Powered Search For Ecommerce
Chinese Internet giant Alibaba Group Holdings, which runs China’s Taobao online shopping marketplace, has invested an undisclosed amount in Twiggle, a Tel Aviv, Israel-based company developing ecommerce search technologies, as part of its Series A financing. Amir Konigsberg, CEO and co-founder of Twiggle, declined to say how and if the two companies will work together, but it’s well documented that Twiggle aims to support ecommerce companies whether or not they become investors. The most recent round brings total funding to about $20 million, according to sources familiar with the deal. The company will use it to grow its research and development team in Israel and drive global expansion plans. Those expansion plans mean that Twiggle must have the ability to integrate with varying kinds of product catalogs, taxonomies, and data sets. In…
Link to Full Article: Alibaba Invests In Twiggle AI-Powered Search For Ecommerce
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