Lily AI is a retail AI technology platform focusing on enhancing the shopping experience through its advanced AI solutions. The company was founded in 2015 and is headquartered in Mountain View, California. It was co-founded by Purva Gupta and Sowmiya Chocka Narayanan. Lily AI has raised significant funds, with a recent Series B-Prime round bringing in $20 million. The company specializes in bridging the gap between retail product descriptions and consumer language, thereby improving product discovery and increasing conversion rates.
Lily AI has been active in expanding its offerings and strategic partnerships to boost its market presence:
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Mountain View, California, USA |
| Founders | Purva Gupta, Sowmiya Chocka Narayanan |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | NEA, Conductive Ventures |
| Industry | Retail AI Technology |
| Number of Employees | Not publicly disclosed |
Lily AI was founded by Purva Gupta and Sowmiya Chocka Narayanan with the mission to transform retail through AI-driven personalization. In its early years, the company focused on developing AI models that could decode human language and improve the way retailers interact with consumers. By 2017, Lily AI had made significant advancements with its AI platform, catering initially to U.S. retailers. The company’s early commitment to leveraging AI to match consumer search terms with product attributes quickly garnered attention and partnerships with major retail players.
Lily AI’s platform is renowned for interpreting and translating brand language into consumer-friendly language, thus enhancing customer engagement and product visibility. Key achievements and milestones:
Lily AI is currently a significant player in the retail technology industry. It offers a platform that integrates with major eCommerce systems to enhance product discovery and consumer engagement. Lily AI distinguishes itself through its focus on consumer-centric language, which increases customer satisfaction and loyalty. Its recent funding rounds and international expansion indicate a robust growth trajectory. The company’s technology is utilized by major retail brands to optimize their digital marketing and product accessibility.
Lily AI stands as a crucial innovator in the retail AI sector, delivering solutions that enhance consumer interaction with retail platforms. Its ability to translate brand language into consumer-friendly terms has redefined the shopping experience, fostering increased engagement and conversion rates. Looking ahead, with continued innovation and strategic market expansion, Lily AI is well-positioned to further influence the global retail landscape.