What is Lily AI?
Founded in 2015 and headquartered in Mountain View, California, Lily AI operates at the intersection of artificial intelligence and retail e-commerce. The company provides a sophisticated platform designed to optimize the entire retail value chain, specifically targeting improvements in site conversion rates, average order value, and full-margin sales. By translating the voice of the customer into actionable data, Lily AI enables brands to align their digital storefronts with real-time consumer preferences. This capability positions the firm as a critical infrastructure partner for retailers seeking to modernize their digital presence and enhance operational efficiency through intelligent, data-driven insights.
How much funding has Lily AI raised?
Lily AI has raised a total of $45M across 2 funding rounds:
Series B
$25M
Series B
$20M
Series B (2022): $25M with participation from New Enterprise Associates, Conductive Ventures, Sorenson Capital, and Canaan Partners
Series B (2024): $20M led by Counterpart, Transform Capital, Cendana Capital, and Conductive Ventures
Key Investors in Lily AI
New Enterprise Associates
Established in 1977, New Enterprise Associates is a premier venture capital firm focused on partnering with entrepreneurs to build enduring businesses across various technology sectors.
Conductive Ventures
Conductive Ventures is a venture capital firm managing $450M, specializing in backing unconventional founders who are building transformative software and hardware companies at the Series A and B stages.
Sorenson Capital
Sorenson Capital collaborates with B2B product-first founders to revolutionize business operations, providing deep technical expertise in AI, analytics, and computing infrastructure.
What's next for Lily AI?
With the successful closure of this major strategic investment, Lily AI is well-positioned to accelerate its product development roadmap and expand its market footprint. The company is expected to focus on deepening its AI capabilities to further refine the customer experience across diverse retail channels. As the e-commerce landscape becomes increasingly competitive, Lily AI's ability to drive measurable revenue growth for its partners will likely remain a key differentiator. Future strategic initiatives will likely involve scaling its enterprise sales force and enhancing its integration ecosystem to ensure seamless adoption across global retail platforms, solidifying its role as a leader in the intelligent retail transformation space.
See full Lily AI company page
