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, Dondy, has been acquired by British technology holding company Circeus, in a deal estimated to be worth several million dollars. Dondy, which was founded just two years ago, creates AI agents that manage customer interactions for businesses. These agents are capable of handling sales, marketing, and customer service tasks, and can reportedly resolve about 70% of customer interactions without human intervention.
Currently, Dondy serves over 70,000 businesses across 140 countries, processing more than one million customer interactions annually, a remarkable feat considering that the company has not received any venture capital funding.
The founders of Dondy, three childhood friends from Israel, Or Shreiber, Tamir Or, and Inbal Katz, will retain their leadership roles even after the acquisition. This acquisition marks a significant milestone for Circeus, as it is the company's first venture into the Israeli market. Circeus operates on an impressive scale, serving over 250,000 businesses worldwide and having completed 18 acquisitions in the past four years.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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