Lily AI

AI-driven product data enrichment for retail

Mountain View, California, United States

About Lily AI

Lily AI enhances the retail industry by using advanced Computer Vision and Artificial Intelligence to create detailed product data. This enriched data helps retailers improve functions like recommendations, personalization, and customer relationship management. By accurately tagging product attributes such as fabric and fit, Lily AI provides insights that manual data generation cannot achieve. Retailers, including large stores and premium department stores, can use this data to better understand customer emotions and improve interactions. The company operates on a subscription model, charging clients based on the improvements in metrics like recommendation accuracy and sales. Lily AI's technology has shown to increase recommendation accuracy by 30%, boost sales by 5%, and improve sell-through rates by 12%, resulting in a significant return on investment for clients. The goal of Lily AI is to transform retail through superior data enrichment that leads to better business outcomes.

Mountain View, CaliforniaHeadquarters
2015Year Founded
$69.9MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Consumer Software, AI & Machine LearningIndustries
51-200Employees

Benefits

Remote Work Options
Company Equity

Risks

Emerging AI startups may dilute Lily AI's market share.
International expansion may lead to regulatory challenges and increased compliance costs.
Over-reliance on key clients poses a risk if they switch to competitors.

Differentiation

Lily AI bridges brand-speak and customer-speak, enhancing retail communication.
The platform uses AI to enrich product data, improving recommendation accuracy by 30%.
Lily AI's no-code platform accelerates AI deployment for retailers.

Upsides

Lily AI's technology leads to a 5% incremental sales lift for clients.
The company recently raised $20M to expand internationally and enhance AI solutions.
Lily AI's platform offers a 10x ROI, boosting client satisfaction and retention.

Funding