Company Overview
Snapshot
Founded in January 2015 by Yair Miron, Rise.ai operated with 11–50 employees. The company raised $908K across two funding rounds before being acquired by Wix in May 2021.
Business overview
Rise.ai provides an automated branded currency solution for online stores, focusing on gift cards, rewards, store credit, and incentives. The company's AI-powered platform helps merchants retain customers and increase average spending by offering a unique currency. Rise.ai operates within the Business Software sector, specifically targeting e-Commerce Tools, and serves online retailers globally.
Strategic signal
In May 2021, Rise.ai was acquired by Wix, a significant move that expanded Wix's e-commerce capabilities. This acquisition signals a strategic validation of Rise.ai's technology and its potential to enhance customer re-engagement and loyalty solutions within a broader e-commerce platform, indicating a successful exit and integration into a larger ecosystem.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate milestone for Rise.ai?
- In May 2021, Rise.ai was acquired by Wix, which expanded Wix's e-commerce activities.
- When was Rise.ai founded and by whom?
- Rise.ai was founded in January 2015 by Yair Miron.
- What was Rise.ai's total capital raised before acquisition?
- Rise.ai raised a total of $908K across two funding rounds, with the last known round in November 2017.
- Did Rise.ai establish any key partnerships?
- In August 2020, Rise.ai partnered with Google to help businesses offer digital gift cards. Additionally, in June 2020, Facebook selected Rise.ai for its gift card initiative.