Lily AI Raised $20M Series B-1

California-based, Lily AI is a retail tech platform integrating with AI that raised $20 million led by Conductive Ventures in a Series B-1 round.

The round was actively backed by new investors Transform Capital, Counterpart Ventures, and Cendana Capital with the participation of existing investors NEA, Sorenson Capital, and Canaan.

Lily AI $20M Series

CEO Lily AI, Purva Gupta said that the B-1 Series brought $62 million to the company and these funds will enable Lily AI to expand in the international market, upgrade its engineering team, and accelerate growth.

Lily AI is a generative AI platform for retailers and companies to bridge the gap with customers. Lily AI uses generative technology, NLP, and machine learning to enhance customer experience through a human-centric approach.

Moreover, Lily AI is the best fit for the marketplace, eCom stores that help a company grow its revenue with more conversions. Macy’s, ThredUP, JCrew, Bloomingdale’s, and many more businesses use Lily AI.

Also Read: Oobit Raised $25M Series A

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