Rise.ai Overview
Rise.ai empowers fast-growing brands with an automated branded currency solution for gift cards, rewards, store credit, and incentives. Rise.ai is a strategic reengagement solution that provides brands and retailers with a unique currency of their own. Powered by artificial intelligence, Rise.ai helps merchants retain customers and increase their average spending. With Rise.ai, businesses can use gift cards and store credit to increase retention and revenue and drive new customers to the store.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Wix acquires Rise.ai to expand its e-commerce activities
Web development platform Wix has acquired Rise.ai, an Israeli company that offers AI-driven customer re-engagement solutions. The acquisition will expand Wixs e-commerce platform and provide merchants with tools to increase customer spending and repurchases. Rise.ais solutions include gift cards, loyalty programs, rewards, and referrals. Wix has over 200 million registered users and processed $5.4 billion in online transactions in 2020. The acquisition aims to help businesses adapt to the new normal of online sales. Rise.ai had previously partnered with Facebook and Google to offer digital gift cards. The acquisition is seen as a positive move for Wix to enhance its customer re-engagement capabilities.
Partners
growth-positive
Israeli startup Rise.ai partners with Google to help businesses offer digital gift cards
Google has partnered with Rise.ai to offer digital gift cards through Google My Business, aiming to help small and medium businesses survive the impact of the Covid-19 pandemic. Rise.ais integration with Google allows businesses to add a Buy Gift Card link on their Google business page. Small businesses with an existing e-commerce presence were twice as likely to have paused operations during the pandemic, while those that adopted e-commerce solutions before the crisis were 5.5 times more likely to increase their revenue in 2020. Rise.ai was previously selected to integrate its gift card solution on Facebook and Instagram platforms. The partnership is currently available in multiple countries.
Customers
growth-positive
Facebook selects Israeli co Rise.ai for gift card initiative
Israeli AI customer re-engagement solutions developer Rise.ai has been selected by Facebook to make its gift cards available for purchase. This new feature will let small and medium businesses and enterprises (SMBs) sell digital gift cards to their local community through Facebook and Instagram using the customers’ geo-location. Rise.ai has helped merchants generate $150 million in revenue and handled more than $1 billion in store credit in 2019. The company serves more than 3,500 digital stores, over 80% of them in North America. Rise.ai is active in more than 50 countries.
CustomersPartners
| Sector | Business Software |
Funding
| Total funding | $908K |
| Last funding | $454K |
| Stage | Acquired |
| Rounds | 2 |
| Investors | 2 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | rise.ai |
| Careers | Careers page |
Locations
Tashah Street 2, Tel Aviv-Yafo, Israel
Photos & Videos
2 item(s)