Gix

Company Overview

Snapshot

Founded in April 2013, Gix operates with 1–10 employees and has raised a total of $5 million across three funding rounds from two investors. The company went public on TASE in April 2013.

Business overview

Gix is an internet technology company focused on the online marketing sector. The company develops and markets algorithmic tools designed to automate and optimize online advertising campaigns. Its software solutions enable small businesses to market and advertise effectively on major platforms such as Google, Facebook, and Twitter, operating within the Business Software sector, specifically in Sales & Marketing Solutions and Advertising Platforms.

Strategic signal

In October 2021, Gix completed the acquisition of Cortex Group, a media-tech company, for approximately $11 million. This acquisition demonstrates Gix's strategic intent to expand its media technology capabilities and market reach, signaling a growth-oriented strategy to investors.

Company Intelligence Q&A

When did Gix go public?

Gix went public on the TASE in April 2013.

What was a significant acquisition made by Gix?

In October 2021, Gix completed the acquisition of Cortex Group, a media-tech company, for approximately $11 million.

What was Gix's revenue performance in the first half of 2018?

In September 2018, Algomizer (now Gix) reported revenues exceeding NIS 66.5 million for the first half of 2018.

Did Gix receive any investment in 2019?

In June 2019, Medigus announced its intention to invest $5 million in Algomizer Group (now Gix).

What was the outcome of a video pilot by Gix's subsidiary Viewbix in 2018?

In October 2018, Gix's subsidiary Viewbix announced the successful completion of a live interactive video pilot, which resulted in a performance lift of over 500% with a leading Israeli broadcaster.