Lily AI: Closes $25M Series B Funding

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