Blyp, an Israeli startup company that has developed an AI-driven data platform to help e-commerce companies improve performance and drive revenues, completed $4 million in Seed funding.
The round was led by World Trade Ventures and included participation from Eyal Waldman, CEO and Founder of Mellanox; Dovi Frances, Founder of Group 11; Dr. Rafi Gidron, among the founders of Chromatis; Silvertech Ventures; and Boaz Schwartz, Former CEO of Deutsche Bank Israel.
Round: Seed Round
Funding Month: February 2022
Lead Investors: World Trade Ventures
Additional Investors: Eyal Waldman, Dovi Frances, Dr. Rafi Gidron, Silvertech Ventures; and Boaz Schwartz
Company Website: https://www.blyp.ai/
Software Category: AI-driven data platform
About the Company: Founded in 2021 by Matan Elmalam and Jonathan Halbrecht, Blyp provides a data analytics platform that enables online sellers to maximize data insights to increase sales, engagement, and performance. The company ingests and aggregates multiple products, stores, marketing, and customer data sources into a single data warehouse. It constantly analyzes data and sends clients automated reports or “blyps” with recommendations to increase conversion rates and improve overall performance. In addition to saving companies time and resources, Blyp also protects businesses by auto-detecting issues that negatively impact sales, such as technical errors at checkout or on the site. Available in the Shopify app store, Blyp takes minutes to set up and its client onboarding process quickly integrates into Shopify merchants’ online stores. Over the next six months, Blyp will be rolling out new integrations that incorporate more data sources, including Facebook, Klaviyo, and Google Ads.
Source: https://www.calcalistech.com/ctech/articles/0,7340,L-3928481,00.html https://www.finsmes.com/2022/02/blyp-raises-4m-in-seed-funding.html