Israeli artificial intelligence-based start-up acquired for millions by British holding company
The start-up, Dondy, creates AI agents which manage customer interactions for businesses, including sales, marketing, and customer service.
An Israeli artificial intelligence start-up called Dondy has been acquired by British holding company Circeus, following its launch less than two years ago. The acquisition is estimated to be worth several million dollars. Dondy develops AI agents that handle customer interactions for businesses, managing sales, marketing, and customer service.
These agents can reportedly resolve around 70% of customer interactions without needing human intervention. Currently, Dondy serves over 70,000 businesses in 140 countries and processes more than one million customer interactions annually, all without receiving venture capital funding.
Dondy's founders, Or Shreiber, Tamir Or, and Inbal Katz, who are childhood friends from Israel, will continue to lead the company post-acquisition. This acquisition marks Circeus' first venture into the Israeli market. Circeus, in turn, operates services for over 250,000 businesses and has completed 18 acquisitions over the past four years.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
