Rise.ai

Company Overview

Snapshot

Founded in January 2015 by Yair Miron, Rise.ai operated with 11–50 employees. The company secured funding across two rounds from two investors, with its most significant milestone being its acquisition by Wix in May 2021.

Business overview

Rise.ai provides an automated branded currency solution designed for fast-growing brands, focusing on gift cards, rewards, store credit, and incentives. The company leverages artificial intelligence to help merchants enhance customer retention and increase average spending. Its platform enables businesses to utilize gift cards and store credit to drive revenue, foster loyalty, and attract new customers, primarily serving the e-commerce and retail sectors with its business software solutions.

Strategic signal

In May 2021, Rise.ai was acquired by Wix, a move that significantly expanded Wix's e-commerce capabilities. This acquisition signals a strong validation of Rise.ai's technology and its strategic importance in the evolving e-commerce landscape, demonstrating a clear exit for investors and a new chapter for the company's platform within a larger ecosystem.

Company Intelligence Q&A

When was Rise.ai acquired?

Rise.ai was acquired by Wix in May 2021, expanding Wix's e-commerce activities.

What was a key partnership for Rise.ai in 2020?

In August 2020, Rise.ai partnered with Google to assist businesses in offering digital gift cards.

Which major social media company selected Rise.ai for a gift card initiative?

In June 2020, Facebook selected Rise.ai for its gift card initiative.

Who founded Rise.ai?

Rise.ai was founded by Yair Miron.

What type of solution does Rise.ai provide?

Rise.ai provides an automated branded currency solution for gift cards, rewards, store credit, and incentives for online stores.