Earnix to become Israeli tech s newest unicorn with $75 million funding calcalistech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcalistech.com Daily Mail and Mail on Sunday newspapers.
Shoshanna Solomon is The Times of Israel s Startups and Business reporter
Illustrative image of artificial intelligence research, robots and banking (Blue Planet Studio; iStock by Getty Images)
Fintech startup Earnix, a developer of artificial intelligence software that allows banks and insurers to personalize offerings to customers, said it has raised $75 million from investors, at a pre-money valuation of $1 billion. The fundraising makes the Givatayim, Israel-based startup a new Israeli “unicorn” a company valued at $1 billion and over.
The investment round was led by Insight Partners, with existing investors JVP, Vintage Partners and Israel Growth Partners joining the round.
The new funding will fuel Earnix’s global expansion into new market segments and regions, increase investment in product innovation, increase the number of employees, and support merger and acquisition activities, to better meet “the needs of a rapidly changing market,” the company said in a s
Fintech co Earnix raises $75m, at $1b valuation globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
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