Lily AI: Closes $25M Series B Funding

August 28, 2022

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Lily AI Closes $25M Series B Funding

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
LilyAI 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 other