“Rep AI brings a refreshing new approach to online sales, and it has already begun to realize its great potential,” added Lior Segal, Managing Partner at Horizon Capital, who led Rep’s Seed round. “The company’s technology enables merchants to provide personalized sales assistance at scale, and we anticipate this solution will become a new standard in the market shortly.”

Today, Rep AI announced $8.2 million in round A funding. Led by Osage Venture Partners (OVP), and joined by Flashpoint Venture Capital and Horizon Capital’s follow-on, the investment will fuel further development of the company’s e-commerce sales tool. 

Rep AI Product

Rep AI’s innovative technology leverages behavioral AI to analyze each shopper’s browsing patterns, allowing it to anticipate when assistance is most needed. At the precise moment a shopper might benefit from support, the AI proactively offers help, giving the shopper the option to engage for the remainder of their shopping journey. By providing tailored product specifications, personalized recommendations, and relevant information, Rep AI enhances the overall shopping experience and drives higher sales. Merchants typically see a remarkable 30x ROI within the first month of implementation. At the same time, they garner valuable insights that enable them to refine their product offerings and deliver even better customer experiences.

“While technology has changed immensely in the past 15 years, e-commerce has largely stayed the same and so has its historically poor conversion rates. Rep AI is the evolution the industry has so desperately needed,” commented Yoav Oz, co-founder and CEO of Rep AI. “Unobtrusive and completely customizable to match each merchant’s product catalog and brand personality, it brings any sized business the benefits of a highly skilled sales expert that also happens to be infinitely scalable.”

For additional details about RepAI’s $8.2M seed round:
Calcalist: https://www.calcalistech.com/ctechnews/article/bk1urysia
Tech Funding News: RepAI lands $8.2M funding to boost conversions
Geektime (Hebrew): https://www.geektime.co.il/flash/rep-ai-raises-8-2m/