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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.

PRIVATEMar 14, 2024

Amount Raised

$20 Million

Round Type

Series B

Mountain ViewFashionRetail

Investors

New Enterprise AssociatesSorenson 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.

Quick answer

Lily AI raised $20 Million in a Series B round, dated March 14, 2024. Investors: New Enterprise Associates, Sorenson Capital, Canaan, Transform Capital, Cendana Capital, Counterpart Ventures and Conductive Ventures. Lily AI is based in Mountain View, California, United States.

How much did Lily AI raise?
Lily AI raised $20 Million in a Series B round on March 14, 2024.
Who invested in Lily AI?
New Enterprise Associates, Sorenson Capital, Canaan, Transform Capital, Cendana Capital, Counterpart Ventures and Conductive Ventures are named as investors in this round.
What does Lily AI do?
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.
Where is Lily AI based and how big is it?
Lily AI is based in Mountain View, California, United States.
Who are the decision-makers at Lily AI?
Fundz holds 1 contact at Lily AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Fashion and Retail around the same time

Companies in the same sectors as Lily AI that raised within 45 days of this round, from Fundz verified event records.

  • Includ raised $1.5M (Seed) on April 18, 2024.
  • Mercado Único raised $395K (Pre-Seed) on April 4, 2024.
  • Kidsy raised $1M (Pre-Seed) on March 28, 2024.
  • Lalo raised an undisclosed amount on March 22, 2024.
  • Scent Lab raised an undisclosed amount (Seed) on March 21, 2024.
  • Fiona Diamonds raised $786K (Seed) on March 12, 2024.

Who to call at Lily AI, and when

A new round usually means Lily AI is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Lily AI, from your own LinkedIn network

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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.

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Fundz sees it the moment Lily AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Lily AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.