Lily AI, a Mountain View, CA-based provider of a product attributes platform, raised $25M in Series B funding.
The round was led by Canaan Partners, Conductive Ventures, Sorenson Ventures and NEA.
The company intends to use the funds to further expand into mid-market retail e-commerce brands across home, beauty and fashion, and to extend its solution to further applications within the retail stack.
Co-founded by Purva Gupta and Sowmiya Chocka Narayanan, Lily AI provides a product attributes platform that injects the language of the customer across the existing retail stack, connecting shoppers with the relevant products they’re looking to buy. The company’s AI-powered image recognition extracts over 15,000 product attributes, allowing retailers to configure ten times more attributes for every product. It is already serving enterprise clients such as Bloomingdale’s, The Gap, Macy’s, thredUP and others.
FinSMEs
25/08/2022