eBay has signed an agreement to buy Corrigon, a provider of visual search technologies.
Corrigon's technologies help to identify objects within an image, matching both visual and textual elements to ensure that the image is recognised, correctly classified and matched to its corresponding product.
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eBay has over one billion live listings on its platform and Corrigon's expertise and technology will help match the best images to products so that consumers can be confident that what they buy is exactly what they see.
Corrigon is the third purchase this year for eBay after the acquisitions of SalesPredict and Expertmaker.
Financial terms of the latest deal have not been disclosed.
Corrigon provides experience in image processing and computer vision to eBay.
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By GlobalDataIn particular, Corrigon's technology and expertise will contribute to eBay’s efforts with image recognition, classification and image enhancements as part of its structured data initiative.
eBay structured data vice president and general manager Amit Menipaz said: “As we continue to evolve the eBay shopping experience, Corrigon's technology and expertise will help buyers find the best results when shopping on eBay through experiences that were not possible a year ago, before our investments in structured data.
“Corrigon represents eBay’s third acquisition in the structured data space this year, further underscoring our commitment to powering deeper inventory insights for our sellers and compelling new user experiences for our buyers.”
Corrigon CEO and co-founder Avinoam Omer said: "Corrigon's state-of-the art visual search technology enables fine grained product detection within images.
"Working in partnership with eBay’s structured data team, we will help eBay sellers list more efficiently and eBay buyers find what they are looking for faster in order to increase customer sales conversions.”
Following closure of the deal, the Corrigon team will join eBay’s structured data organisation and will be based in eBay’s Israeli Development Center in Netanya.
Corrigon was co-founded in 2008 by Avinoam Omer and Einav Itamar.
