Visualead Secures Series B Funding From Alibaba Group

January 20, 2015 | The Israeli company Visualead, the creator of Visual QR code technology, announced that it secured Series B funding from China’s Alibaba Group. In addition to raising funds, Visualead and Alibaba Group entered into a strategic cooperation agreement according to which Alibaba will use Visualead’s patents and technology across their ecosystems. Visualead will reportedly use the funds (an undisclosed amount) to develop the next generation of ‘Offline to Online’ (O2O) technology. Alibaba’s investment in Visualead is the first investment by the Chinese ecommerce giant in an Israeli company.