Vantage Discovery, an Austin, TX-based AI-powered search and content discovery platform for ecommerce, raised $16 million in Series A funding.
Investors
The round was led by Lobby Capital, with participation from The Hive, Future Positive, Common Metal, as well as Jony Ive, Evan Sharp, and Biz Stone.
Founded in 2021, Lobby Capital is a venture capital firm based in Palo Alto, California. The firm seeks to invest in consumer enterprise, e-commerce, ed-tech, and fintech sectors.
Vantage Discovery Use of Funds
The company intends to use the funds to expand operations and its development efforts.
About Vantage Discovery
Founded by Lance Riedel and Nigel Daley, Vantage Discovery is a generative AI-powered SaaS platform that enables intelligent search, discovery, and personalized recommendations for retailers, publishers, brands, and more. The Vantage API enables apps to transform from keyword-based to semantic search where a user’s meaning, intent, and context are understood.
Funding Details
Company: Vantage Discovery, Inc.
Raised: $16.0M
Round: Series A
Funding Month: June 2024
Lead Investors: Lobby Capital
Additional Investors: The Hive, Future Positive, Common Metal, Jony Ive, Evan Sharp, Biz Stone
Company Website: https://www.vantagediscovery.com/
Software Category: AI Search and Content Discovery
Source: https://www.finsmes.com/2024/06/vantage-discovery-raises-16m-in-series-a-funding.html