Alibaba invests in Israeli e-commerce search co Twiggle - Globes English

Israeli startup Twiggle, which is developing next generation e-commerce search technologies, announced today that it secured additional funding from the Alibaba Group as the second tranche of its Series A financing. This follows the announcement in April of a 12.5 million round led by Naspers with participation from YJ Capital, State of Mind Ventures and Sir Ronald Cohen. The funding will be utilized to grow the company's R&D team in Israel and drive the company's global expansion plans. No details were disclosed about the amount Alibaba is investing but "Bloomberg" reported that it is 5-10 million. Twiggle uses advanced techniques in data science, artificial intelligence, machine learning and natural language processing to power the next generation of digital commerce.