Israeli artificial intelligence-based start-up acquired for millions by British holding company

The start-up, Dondy, creates AI agents which manage customer interactions for businesses, including sales, marketing, and customer service.

An Israeli AI-based start-up has been acquired by British technology holding company Circeus less than two years after its launch, in a deal estimated at several million dollars.

The start-up, Dondy, creates AI agents which manage customer interactions for businesses, including sales, marketing, and customer service.

The company claims that its agents can resolve approximately 70% of customer interactions without the involvement of another human.

It currently serves over 70,000 businesses in 140 countries, and handles over one million customer interactions each year, despite never having received any venture capital funding.

Israeli friends, founders of Dondy, to remain in leadership positions

Dondy was founded by three Israeli childhood friends, Or Shreiber, Tamir Or, and Inbal Katz, who will remain in leadership positions after the acquisition.

The acquisition also marks Circeus' first venture into Israel. Circeus serves over 250,000 businesses, and has completed 18 acquisitions over the last four years.