Octup, a Tel Aviv, Israel-based operational AI-driven e-commerce insights platform, has secured $4 million in pre-seed funding.
SaaS Investors
The investment was from Tal Ventures, along with founders from unicorn companies Trax and Rapyd, and other investors including Bullet Ventures, HCS Investors Group, and World Trade Ventures.
Founded in 2016, Tal Ventures is a venture capital firm based in Tel Aviv, Israel. The firm prefers to invest in companies operating in the technology sector across Israel.
Octup Use of Funds
The company will use the funds for its operational AI-driven e-commerce insights platform.
About Octup
Founded in 2022, Octup is a platform that allows e-commerce businesses to gain a complete view of their data, including customer behavior, marketing performance, and inventory management. It specializes in consolidating data from various operational domains such as marketing, last-mile delivery, customer support, and warehousing. Using AI, Octup detects anomalies, correlations, and trends to identify cost inefficiencies' root causes. The company serves a global customer base across sectors including apparel, supplements, consumer electronics, skincare, cosmetics, and jewelry.
Funding Details
Company: Octup LLC.
Raised: $4.0M
Round: Pre-Seed Round
Funding Month: February 2024
Lead Investors: Tal Ventures
Additional Investors: Trax and Rapyd, Bullet Ventures, HCS Investors Group, and World Trade Ventures
Company Website: https://octup.com/
Software Category: Ecommerce
Source: https://www.calcalistech.com/ctechnews/article/syejnhrct