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, 2024•over 1 year ago
Amount Raised
$20 Million
Round Type
series b
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.
FundzWatch™ Score
31
Medium Activity
4 total signals
Funding Insights
Based on industry dataVC-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