PhraseTech

Company Overview

Snapshot

Founded in June 2013 by Eran Utmazgin and Shmulik Fronman, PhraseTech operated with 11–50 employees. The company raised $3.5M across two funding rounds from five investors. In February 2016, PhraseTech secured funding from Magma Venture Partners and Commerce Ventures.

Business overview

PhraseTech provides a platform for online retailers to generate fully customized product pages. Its core technology leverages machine learning and real-time analytics to optimize text, creating tens of thousands of product page versions tailored to customer demographics like gender, age, and location. The company aims to enhance conversion rates by surfacing top-performing messages and also operates Buzzrake.com, a search engine for online opinions, and manages an online magazine. PhraseTech operates within the Business Software sector, focusing on artificial intelligence, natural language processing, and machine learning for e-commerce and marketing applications.

Company Intelligence Q&A

What is PhraseTech's primary offering?

PhraseTech provides automated, fully customized text generation for online retailers, enabling them to create personalized product pages based on customer demographics and optimize content using machine learning and real-time analytics.

When was PhraseTech founded and by whom?

PhraseTech was founded in June 2013 by Co-founder & CEO Eran Utmazgin and Co-founder & CTO Shmulik Fronman.

What was the company's operational status as of July 2019?

As of July 2019, PhraseTech ceased to operate and is listed as Non Active.

Which investors participated in PhraseTech's February 2016 funding round?

In February 2016, PhraseTech received funding from Magma Venture Partners and Commerce Ventures.

What was the total capital raised by PhraseTech?

PhraseTech raised a total of $3.5M across two funding rounds.