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M. Yochananof & Sons Ltd. in negotiations to acquire 20% of Algortail for $ 5 million
September 2021
M. Yochananof & Sons Ltd., a prominent Israeli food retail chain, for entering into an investment agreement with Algoretail, according to which it will invest about USD 5 million in the company in exchange for 20%.
Algoretail has developed a system that uses artificial intelligence and machine learning technologies to upgrade and provide automation processes for inventory management. The system provides measurement results regarding existing inventory, deficiencies, orders and more.
M. Yochananof & Sons Ltd., represented by Partner Yaron Sobol and attorney Amit Horovitz.
Click on Calcalist to read the full article in Hebrew.
