Loading organizations...

Karma is a technology company.
Karma develops an AI-powered shopping assistant that provides a comprehensive platform for online shoppers. Its core product suite includes a browser extension and a mobile application, designed to track price changes, automatically discover coupons and deals, and offer cash rewards. The platform streamlines the online purchasing process by providing intelligent assistance throughout the user's shopping journey.
Karma was founded in 2014 by Jonathan Friedman and Ronen Yuval-Hoch, initially operating under the name Shoptagr. The co-founders identified a market need for tools that could help consumers navigate the complexities of online retail, particularly regarding price volatility and finding optimal purchasing opportunities. Their vision began with an intelligent price tracker, which has since evolved into a broader AI-driven assistant.
The product primarily serves online shoppers who aim to make more informed decisions and maximize their savings. Karma’s long-term vision is centered on empowering consumers with smart, personalized shopping tools that anticipate needs and offer timely, relevant assistance. The company endeavors to make the digital shopping experience more efficient and rewarding for its user base.
Karma has raised $51.4M across 9 funding rounds.
Karma has raised $51.4M in total across 9 funding rounds.
Karma has raised $51.4M in total across 9 funding rounds.
Karma's investors include Target Global, Altair Capital Management, Amplo, Atomico, DST Global, Felix Capital, General Catalyst, Giza Polish Ventures, Heartcore Capital, Kinnevik, Partech Ventures, Pioneer Fund.
Karma Technologies is a technology company specializing in advanced virtual reality (VR) platforms, focusing on wireless connectivity for head-mounted displays with features like zero-latency eye tracking and proprietary low-latency video compression.[2][4] It serves VR developers and users in virtual and augmented reality applications, solving challenges in high-resolution displays, foveated rendering, and seamless wireless VR experiences to enable immersive, dream-like simulations without tethered constraints.[2][4] A separate entity, Karma Technologies LLC in Dubai (established 2013), develops custom software including web/mobile apps, ERP systems, and IT services, but the VR-focused Karma Technologies stands out for its specialized hardware-software innovations.[1][3]
The VR Karma Technologies demonstrates growth potential in the expanding XR market through its emphasis on low-latency technologies essential for next-gen VR/AR headsets.[2]
Karma Technologies emerged from expertise in next-generation computing and hardware acceleration, led by a proven technology executive with over 20 years of experience in global engineering teams and business development.[2] The team's technical depth includes an Associate Professor in Biomedical Engineering from Technion, specializing in psychophysics, visual systems, and saccadic eye movements, which directly informs their eye-tracking innovations.[2] The idea likely stemmed from addressing core VR pain points like latency in wireless headsets, inspired by philosophical nods to dream-reality blurring (e.g., "Dreams feel real while we're in them"), positioning it as a pioneer in untethered, high-fidelity VR platforms.[2]
Early traction appears rooted in proprietary algorithms for eye/head movement prediction and video compression, enabling breakthrough products without specified founding year, but with a focus on strategic partnerships and thought leadership in VR hardware.[2]
These features distinguish it from wired VR constraints, prioritizing immersion and performance.[4]
Karma Technologies rides the XR (extended reality) wave, capitalizing on surging demand for wireless, high-fidelity VR/AR amid metaverse and spatial computing trends.[2][4] Timing aligns with post-2020 VR headset adoption (e.g., Quest series) and AI-driven rendering needs, where low-latency wireless solves mobility barriers in gaming, training, and enterprise simulations.[2] Market forces like 5G/6G proliferation and edge computing favor its compression tech, reducing bandwidth while boosting realism; it influences the ecosystem by enabling lighter, untethered devices that accelerate developer adoption and content creation.[2][4]
Karma Technologies is poised to scale with AI-enhanced XR, integrating ML for predictive tracking amid trends like Apple Vision Pro successors and enterprise AR/VR training.[2] Expect partnerships with headset makers for embedded tech, potential acquisitions by Big Tech, or expansions into automotive/medical simulations leveraging biomedical roots.[2] Its influence could evolve from niche innovator to VR infrastructure standard-setter, transforming "dream worlds" into accessible realities as wireless XR dominates by 2030. This builds on its core mission: making virtual indistinguishable from real.[2]
Karma has raised $51.4M across 9 funding rounds. Most recently, it raised $25.0M Series A in October 2021.