Kahoona, a San Diego, CA-based first-party data generation and activation technology for the open web aimed at creating a digital ecosystem that preserves user privacy, announced that it closed $4.5 million in seed financing.
The round was led by Global Founders Capital (GFC), followed by deep-tech focused Cardumen Capital, Plug and Play, and Fourth Realm. Leading angel investors from Amazon, IronSource, NBC Universal, Verizon, and SAP participated as well.
Kahoona will allocate its seed capital to accelerating R&D efforts, growing its operations, and expanding its initial success to the US market.
Company: Kahoona Inc.
Round: Seed Round
Funding Month: May 2022
Lead Investors: Global Founders Capital (GFC)
Additional Investors: Cardumen Capital, Plug and Play, and Fourth Realm
Company Website: https://www.kahoona.io/
Software Category: AI-powered audience enrichment solution
About the Company: Founded by Technion and MIT graduates, Gal Rapoport, Alon Ashkenasi, and Ohad Tzur, Kahoona, a first-party data-generation and activation platform for the open web, anticipates the tectonic change towards a cookieless and identity-less digital ecosystem. Kahoona's solution helps digital businesses secure revenue and protect their users' privacy, in a walled-garden world. Kahoona's novel AI-driven solution generates user profiles by analyzing their interactions with websites and transforms insights into actionable audience segmentation data to increase revenue and improve conversion KPIs via personalization.