How Much Did Lily AI Raise? Funding & Key Investors

Lily AI has successfully raised funding through multiple rounds, with its most recent being a Series B round. The platform is designed to bridge the gap between brand-speak and customer-speak, driving growth for commerce companies.

Keep reading to explore the intricacies of Lily AI's fundraising journey and the investors backing this innovative platform.

What Is Lily AI?

Lily AI, founded in 2015, is based in Mountain View, California. The company was established by Purva Gupta and Sowmiya Chocka Narayanan.

Specializing in optimizing product content, Lily AI enhances search and discovery for e-commerce and marketing purposes. The platform bridges the gap between brand-speak and customer-speak, driving growth for commerce companies.

With a team of 101-250 employees, Lily AI injects customer-centric product attributes into site search engines, recommendation systems, SEO/SEM capabilities, and item setup processes to boost traffic, conversion, revenue, and brand loyalty.

How Much Funding Has Lily AI Raised?

1. Pre-Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2016
   • Lead Investors: Unshackled Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of the platform and validate the business model.
2. Seed Round
   • Amount Raised: $2M
   • Date: December 2017
   • Lead Investors: New Enterprise Associates, Unshackled Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
3. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: October 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling the platform and enter new markets.
4. Series A
   • Amount Raised: $12.5M
   • Date: January 2020
   • Lead Investors: Canaan Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and expand market reach.
5. Series B
   • Amount Raised: $25M
   • Date: June 2022
   • Lead Investors: Canaan Partners, Conductive Ventures, New Enterprise Associates, Sorenson Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance AI capabilities.
6. Venture Round
   • Amount Raised: $12.4M
   • Date: December 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and technological advancements.
7. Series B
   • Amount Raised: $20M
   • Date: March 2024
   • Lead Investors: Conductive Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand market presence and refine product offerings.

Total Amount Raised: $71.9M

Current Valuation: Not publicly disclosed

Key Investors

• Conductive Ventures
  • Details: Conductive Ventures is a venture capital firm that focuses on investing in expansion-stage companies. They provide both capital and strategic support to help companies scale.
  • Investment Focus Areas: Enterprise software, hardware, consumer, fintech
  • Notable Investments: Ambiq, Desktop Metal, Sprinklr
• Canaan Partners
  • Details: Canaan Partners is a global venture capital firm that invests in early-stage startups. They have a diverse portfolio across various sectors.
  • Investment Focus Areas: Healthcare, enterprise technology, consumer tech
  • Notable Investments: LendingClub, Match.com, Instacart
• New Enterprise Associates
  • Details: New Enterprise Associates (NEA) is one of the world's largest venture capital firms. They invest in companies across all stages of growth.
  • Investment Focus Areas: Technology, healthcare, energy
  • Notable Investments: Robinhood, Coursera, Uber
• Sorenson Ventures
  • Details: Sorenson Ventures is a venture capital firm that focuses on early-stage investments. They aim to support companies with high growth potential.
  • Investment Focus Areas: Enterprise software, security, data analytics
  • Notable Investments: CyCognito, CloudKnox, Socure
• Unshackled Ventures
  • Details: Unshackled Ventures is a venture capital firm that focuses on immigrant-founded startups. They provide both funding and visa support.
  • Investment Focus Areas: Technology, healthcare, consumer
  • Notable Investments: Career Karma, H1, Breinify

What's Next for Lily AI?

Unfortunately, the information requested about the future opportunities, fundraising, and challenges for Lily AI was not found in the provided sources. The sources either contained no relevant information or were example domains meant for illustrative purposes.

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