# Cimagine Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cimagine-media

- Industry: Software
- Headquarters: Israel
- Website: www.cimagine.com
- Latest round: Seed (Jan 1, 2013)
- Investors on record: 4

## About

Cimagine Media specializes in augmented reality solutions that enhance retail and e-commerce experiences through interactive visualizations and data-driven analytics.Founded in 2012 in Israel, Cimagine Media develops augmented reality technology that transforms how consumers interact with products. The company was acquired in December 2016 by Snap Inc. for USD 35 mn, with investors including Alibaba Group Holding Limited, Tencent Holdings Limited, and Yahoo Inc. The founders, Amiram Avraham and Ozi Egri, have past experience in technology ventures that laid the groundwork for Cimagine's innovative offerings.Cimagine Media's key products consist of a range of software applications focused on augmented reality, designed to provide data analytics and improve operational efficiency for businesses. These solutions cater primarily to enterprise clients across finance, healthcare, and retail sectors, enabling them to leverage big data for actionable insights. Their services are available in North America, Europe, and select Asia-Pacific markets, reflecting their adaptability to various business challenges.Cimagine Media generates revenue through subscription-based models and B2B transactions. Clients typically participate in annual subscriptions for access to their software platforms, which feature tiered pricing plans. By collaborating with retailers and wholesalers, the company enhances market penetration and product distribution. Each client agreement involves structured terms of service, ensuring ongoing support and updates, which contribute to a consistent revenue stream.Cimagine Media plans to expand its product offerings and enter new markets by leveraging the recent funding obtained from Snap Inc. The company is currently designing new augmented reality products to launch in early 2024, targeting growth in the European and Asian markets. The funds from the USD 35 mn acquisition will be utilized to enhance product development and market entry strategies, aligning with the company's goal of addressing the unique needs of businesses in diverse geographic areas.

## Funding rounds

- Seed, Jan 1, 2013 — PLUS Ventures, 2B Angels, Titanium, Explore. Dream. Discover.

## Investors

- PLUS Ventures — Seed
- 2B Angels (https://capitalatlas.ai/funds/2b-angels) — Seed
- Titanium — Seed
- Explore. Dream. Discover. — Seed