Total amount raised
$106 Million
Latest funding date
2018-04-11
Location
Eko offers a platform that captures and verifies product data to optimize it for AI applications, addressing the issue of incorrect data in retail catalogues and enhancing the shopping experience through AI.
Keep reading to explore the intricacies of eko's fundraising journey and the investors backing this innovative platform.
What Is eko?
eko is a company that provides AI-powered solutions for e-commerce, focusing on improving the accuracy of product data and media. Their technology allows for the creation of multiple outputs from a single data capture, addressing the issue of bad data in retail catalogs.
Specializing in e-commerce and AI technology, eko emphasizes the importance of item understanding over mere identification, positioning itself as a forward-thinking player in the industry.
How Much Funding Has eko Raised?
- Seed Round
- Amount Raised: USD 3,250,000
- Date: February 2011
- Lead Investors: Sequoia Capital Israel
- Series B Round
- Amount Raised: USD 16,500,000
- Date: May 2013
- Lead Investors: Intel Capital, Marker
- Series B Round
- Amount Raised: USD 21,200,000
- Date: October 2015
- Lead Investors: MGM Studios
- Series Unknown
- Amount Raised: USD 45,000,000
- Date: June 2016
- Lead Investors: Sony Pictures Entertainment
- Series C Round
- Amount Raised: USD 20,000,000
- Date: April 2018
In total, eko has raised USD 105,950,000.
Key Investors
- Sequoia Capital Israel
- Details: Sequoia Capital Israel is a branch of the global venture capital firm Sequoia Capital, known for investing in early-stage companies. They have a strong presence in the Israeli tech ecosystem.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation, focusing on innovative technology startups. They provide both financial and strategic support to their portfolio companies.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity
- Notable Investments: Red Hat, VMware, Cloudera
- Marker
- Details: Marker is a venture capital and growth equity firm that invests in high-growth companies. They have a global investment strategy with a focus on technology-driven businesses.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Datorama, Yotpo, Taboola
- MGM Studios
- Details: MGM Studios is a leading entertainment company known for producing and distributing films and television content. They have a rich history in the entertainment industry.
- Investment Focus Areas: Entertainment, media, content production
- Notable Investments: Not publicly disclosed
- Sony Pictures Entertainment
- Details: Sony Pictures Entertainment is a subsidiary of Sony Corporation, involved in film production, television production, and distribution. They are a major player in the global entertainment industry.
- Investment Focus Areas: Entertainment, media, technology
- Notable Investments: Not publicly disclosed
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