Lily AI Raises $20M Series B-1 to Expand AI Solutions for Retailers and Brands Globally
Lily AI is transforming the retail industry by bridging the gap between merchant-speak and customer-speak.
Company Name: Lily AI
Location: Mountain View, CA
Sector: AI Solutions for Retailers and Brands
Funding Details: Raised $20M in Series B-1 funding, bringing total funding to $62M. The round was led by Conductive Ventures, with participation from Counterpart Ventures, Cendana Capital, Transform Capital, and existing investors Canaan, Sorenson Capital, and NEA.
Purpose of Investment: To extend leadership into international markets, expand social and eCommerce platform integrations, and accelerate the ability of the engineering team to ship enterprise-grade AI solutions across the retail value chain.
Leadership: CEO Purva Gupta
Product: Lily AI is a retail AI company that enhances shopping experiences by leveraging generative AI, computer vision, natural language processing, and machine and deep learning. It improves product attribution and descriptions, enhances discovery, and increases conversion by injecting human-centered language throughout the retail ecosystem.
About Company: Lily AI is transforming the retail industry by bridging the gap between merchant-speak and customer-speak. Its innovative AI solutions are interoperable with eCommerce, marketplace, and product management platforms, optimizing existing technology investments for retailers and brands such as Macy’s, Bloomingdale’s, and Abercrombie & Fitch, among others.