Akeneo Acquires AI Advantage Through Israeli Acquisition
French technology company Akeneo, known for its open source product information management (PIM) solutions, today announced that it has acquired Sigmento, an Israel-based technology company specializing in product data automation.
Sigmento, located just south of Tel Aviv, was founded in 2015 by ecommerce veterans Izzy Cohen, Yoav Maor and Yonatan Maor. The company previously raised $1.7 million in venture capital funding and had already made a name for itself as an innovative provider of product listing solutions. Its machine learning algorithms allow brands and ecommerce merchants to enrich structured product information with auto-suggested product descriptions, titles, and tags that improve SEO and conversions. According to Akeneo, the acquisition bolsters the company’s market-leading position among PIM providers and reinforces its mission to help retailers turn product information into powerful brand assets.Continue reading