Daydream raises $50M in seed funding led by Forerunner Ventures and Index Ventures to build an AI-powered search engine suited for e-commerce

Jun 20, 2024•over 1 year ago

Amount Raised

$50 Million

Round Type

seed

New YorkMachine LearningArtificial IntelligenceFashionE Commerce

Investors

True VenturesGoogle VenturesIndex VenturesForerunner Ventures

Description

Daydream, founded by e-commerce veteran Julie Bornstein, focuses on providing personalized shopping results by using generative AI, machine learning, and computer vision. The company plans to offer up the platform in beta to consumers in the U.S. this fall, and will concentrate on the fashion vertical for the time being.

Company Information

Company

Daydream

Location

New York, New York, United States

About

Daydream is a new e-commerce search engine that aims to provide personalized shopping results by using generative AI, machine learning, and computer vision. The company plans to offer its platform to consumers in the U.S. this fall, focusing on the fashion vertical. Founded by e-commerce veteran Julie Bornstein, Daydream has already onboarded more than 2,000 brands including Net-A-Porter, Altuzarra, and Jimmy Choo.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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