Neowize
Ecommerce Site Personalization
Company Overview
Snapshot
Founded in July 2015 by Yoav Cafri, Ronen Ness, and Omer Nevo, Neowize operated with 1–10 employees. The company raised $840,000 across one funding round from one investor. A significant milestone occurred in November 2019 when Neowize was acquired by IL MAKIAGE.
Business overview
Neowize specializes in personalizing eCommerce sites to cater to individual customer needs. The company's core technology leverages big data and machine learning to analyze customer actions and shopping profiles, dynamically adjusting site features such as categories, products, prices, and discounts. This tailored approach aims to enhance customer engagement and retention, serving the online retail and eCommerce platform markets within the Business Software sector.
Strategic signal
In November 2019, Neowize was acquired by IL MAKIAGE, signaling a strategic move to integrate advanced data and personalization capabilities into a cosmetics brand. This acquisition highlights the growing importance of AI-driven personalization in the consumer goods sector and validates Neowize's technology as a valuable asset for enhancing online customer experiences.
Log in to access full profile ›Company Intelligence Q&A
- When was Neowize acquired?
- Neowize was acquired by IL MAKIAGE in November 2019.
- What was the total capital raised by Neowize?
- Neowize raised a total of $840,000.
- Who were the founders of Neowize?
- Neowize was founded by Yoav Cafri, Ronen Ness, and Omer Nevo.
- What was Neowize's primary business focus?
- Neowize focused on providing eCommerce site personalization using AI and machine learning to tailor shopping experiences for individual customers.