Crossrider sells for $37 million

Market.com picks up the young Israeli browser extension company with more than 200 million users on its platform.

An Israeli browser extension company that only came out of beta a few months ago has scored a huge buyout to ecommerce site, Market.com, for $37 million. Crossrider, a platform that allows developers to make extensions that work on all popular browsers, was started 20 months ago with just $2 million backing.

Co-founders CEO Koby Menachemi and CTO Shmueli Ahdut are reported to cash in $9 million each from the sale.

“Crossrider is a cloud-based development framework that lets you quickly and easily create cross browser extensions. The process is simple; all you need is basic knowledge of JavaScript to write one code that works across all major browsers,” says the company.

On its website, Crossrider reports more than 217 million users on its platform.

“It’s clearly touched on a hot point — extensions for web browsers, which people use to customize how they interact with the web and increase the functionality of their browsers,” says TechCrunch.com of Crossrider’s output.

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About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.