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Lily AI closed $20M in a Series B-Prime funding led by Conductive Ventures to expand its leadership into international markets and accelerate the engineering team’s ability to ship enterprise-grade AI solutions across the retail value chain.

Mar 14, 2024over 1 year ago

Amount Raised

$20 Million

Round Type

series b

Mountain ViewRetailFashion

Investors

NeaSorenson CapitalCanaanTransform CapitalCendana CapitalCounterpart VenturesConductive Ventures

Description

Lily AI has announced the closing of a $20,000,000 Series B-Prime financing round led by Conductive Ventures with participation from new investors Counterpart Ventures, Cendana Capital, and Transform Capital, and existing investors Canaan, Sorenson Capital, and NEA. The funding will be used to extend its leadership into international markets, expand its social and eCommerce platform integrations, and accelerate the engineering team’s ability to ship enterprise-grade AI solutions across the retail value chain.

Company Information

Company

Lily AI

Location

Mountain View, California, United States

About

Lily AI is the first platform that bridges the gap between brand-speak and customer-speak to drive exponential growth for companies large and small. Lily AI seamlessly injects customer-centric product attributes into site search engines, recommendation systems, SEO/SEM capabilities and item setup processes to drive exponential lifts in traffic, conversion, revenue and brand loyalty.

FundzWatch™ Score

31
Medium Activity
4 total signals

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech