The Israeli start-up company renovai has completed a $ 3.7 million round of funding

The Israeli start-up company renovai, which has developed a first-of-its-kind artificial intelligence-based interior design platform, has completed a $ 3.7 million round of funding led by Canadian and Western retailer Temple & Webster. Other investors are NGN, Citrin Fund, Accelerator Alchemist and Accelerator FUSION, which accompanies Israeli startups in penetrating the American market.
Temple & Webster is the largest billion-dollar furniture and home furnishing market in Australia and New Zealand and sells over 200,000 products from hundreds of different manufacturers.
Renovay's products, which operate in the B2B2C model, are tailored to different parts of the customer journey and are embedded in the websites of leading furniture and accessories companies in order to provide automated interior design services. The company's unique technology is based on artificial intelligence and machine learning of architectural laws, apartment plans, design logics and analysis of thousands of images. After learning the customer's preferences, whether through a questionnaire or following the actions he performs on the site, inspiration boards or dynamic personalized futuristic spaces are displayed in which final adjustments can be made and the selected items ordered.
"During the Corona period, people had to make many changes to their home spaces that also became home offices, games rooms or gyms," said Alon Giladi, CEO and co-founder. We are fortunate to work with strategic companies and partners whose customer experiences and innovation are at the forefront and the lime money will be used for further joint developments that will help improve the experience of buying furniture online and also add a digital touch to the experience in stores and showrooms. "
Ranubei was founded in 2019 by Alon Giladi, CEO, Dr. Avner Priel, CTO and Shmulik Halban, COO. The company currently employs 15 people in Israel and Ukraine and a sales team in the United States. Sales and marketing teams.