Cymbio raises $20M in Series B funding
Tel Aviv-based Cymbio recently raised $20 million in its Series B round of funding led by Corner Ventures. The round also saw participation from Udi Angel, Vertex Ventures, Yuval Tal (Payoneer), Chris North (ex-Amazon), and Jeff Weiser (ex-Shopify).
The company will use the newly raised capital to expand operations.
“Cymbio’s low-code integration platform, combined with the company’s product content automation capabilities, enable brands to reduce the ‘go live’ time with marketplaces and retailers, enable fast scaling — eliminating long and cumbersome processes such as long manual integration, product upload, imagery adjustments, taxonomy, and mapping,” stated Cymbio co-founder Avidor. “[We’re] eager to create a connected commerce world, where every brand can connect and collaborate with any retailer, marketplace and vendor.”
Founded in 2015 by Avidor, Mor Lavi, and Gilad Zirkel, Cymbio is a market automation platform that aims to address e-commerce related challenges.
“Once connected with Cymbio, the process of making a commercial decision from starting a partnership with a retailer or marketplace is immediate and doesn’t require the brand’s IT team time,” Avidor added. “The challenges brands are facing in the new era of digital commerce … led [me and the other founders to our] mission to efficiently connect, scale, and automate the full cycle of digital retail operations for every brand, enabling advanced and consistent digital sales growth.”
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