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Genus Ai Secures $11M Total Funding In Seed Round For Generative Ai In E-Commerce

Sep 25, 2023•almost 2 years ago

Amount Raised

$11 Million

Round Type

seed

BrentwoodNatural Language ProcessingMachine LearningArtificial IntelligenceE Commerce

Investors

Tomas Slimas, Co Founder Of OberloMagnus Lundin, Founder Of Heep AgencyKazuki Ohta, Co Founder & Ceo Of Treasure DataAleph Group Inc.

Description

Genus AI, a generative AI platform for D2C and e-commerce brands, announced it has secured over $6 million in a seed round extension, bringing the company's total seed funding to $11 million. New investors include one of the leading US social media platforms; Aleph Group Inc. an ecosystem of global digital experts and technology-driven solutions that enables the growth of digital marketing and strategic angel investors such as Kazuki Ohta, Co-Founder & CEO of Treasure Data, Magnus Lundin, Founder of Heep Agency, Tomas Slimas, Co-Founder of Oberlo (acquired by Shopify) and others.

Company Information

Company

Genus AI

Location

Brentwood, Tennessee, United States

About

Genus AI is a generative AI platform for D2C and e-commerce brands. The platform generates product catalog images, seed audiences, copy and video to help brands grow efficiently across social channels such as Facebook, Instagram, TikTok, Pinterest and X. Leading global brands are already using the platform with 10 million product images generated in 2023 alone. The platform is organized into a Creative Hub, Audience Hub and Reporting Hub to simplify and democratize access to cutting edge AI solutions for creative and performance marketers. Genus AI’s mission is to make AI accessible to brands of any size and support them in their growth.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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