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New Deal


Announced

Walmart acquired Israeli Aspectiva.

Synopsis

Walmart has acquired Aspectiva, an Israeli-based start-up, for an undisclosed sum. As part of the acquisition, Aspectiva will be joining Walmart’s Store N° 8, the incubation arm launched by the retailer in 2017 to uncover the ideas that will transform the future of commerce. Aspectiva’s Natural Language Processing capabilities will help Walmart further enhance the end-to-end shopping experience. The Aspectiva team joined Store N° 8 on Feb. 25, 2019 and will continue to operate from Aspectiva’s offices in Tel Aviv. “Our team is extremely excited to be joining Store N° 8 and be part of Walmart’s most recent investment in Israel. Store N° 8’s record of innovation and of developing capabilities that will transform retail as we know it makes for the perfect environment to leverage Aspectiva’s technology throughout the shopping funnel” said Ezra Daya, CEO of Aspectiva.

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