Connectly, a San Francisco, CA-based company specializing in AI-powered conversational commerce, has raised $20 million in Series B funding.
Investors
The round was led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis.
Alibaba is the world's largest online and mobile commerce company by gross merchandise volume, operating major platforms like Taobao and Tmall.
Connectly Use of Funds
The company plans to use the investment to scale its AI models and continue its global expansion.
About Connectly
Founded in 2020 by Stefanos Loukakos and Yandong Liu, Connectly provides conversational artificial intelligence (AI) solutions. Using proprietary AI models, Connectly's platform automates how businesses communicate with customers and sell products across various messaging platforms. They help companies to enhance customer interactions through personalized two-way messaging. In 2023, the company launched Sofia AI, an advanced AI product recommendation assistant.
Funding Details
Company: Connectly Inc.
Raised: $20.0M
Round: Series B
Funding Date: September 2024
Lead Investor: Alibaba
Additional Investors: Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, Philippos Kourkoulos Latsis
Company Website: https://www.connectly.ai/
Software Category: Conversational Commerce
Source: https://www.businesswire.com/news/home/20240911320150/en/