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Personetics raises $85m in new funding

Israel based provider of personalized advice tech for legacy banks raised $85m in new funding led by Thoma Bravo.

“Banks are increasingly moving from a passive to a proactive relationship with customers, and looking for new ways to help them improve their financial well-being,” Personetics cofounder and CEO David Sosna told VentureBeat. “They are sitting on a wealth of data that can allow them to anticipate their customers’ needs, and Personetics’ AI helps them turn this into personalized insights.”

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banking, israel