Daydream Raises $50M in Seed Funding to Revolutionize AI-Powered Shopping Experience
Daydream aims to redefine the shopping experience by integrating advanced AI technologies to provide a seamless and personalized search and discovery platform for fashion.
Company Name: Daydream
Location: USA
Sector: Technology, E-commerce
Funding Details: Raised $50M in Seed funding. The round was led by Forerunner Ventures and Index Ventures, with participation from GV (Google Ventures) and True Ventures.
Purpose of Investment: To enhance the personalized shopping experience through an innovative search engine tailored for women’s and men's fashion discovery.
Leadership: Led by CEO Julie Bornstein. The executive team includes:
- Dan Cary: Chief Product Officer, formerly with Google’s AI Research Group.
- Matt Fisher: Chief Technology Officer, former lead of Data and Applied Science at Microsoft and marketing science at Amazon for Prime Video.
- Lisa Green: Chief Commercial Officer, with a background at Google, THE YES, and Condé Nast.
- Richard Kim: Chief Strategy Officer, previously at Pinterest, THE YES, and TMON.
Product: Daydream is developing a cutting-edge platform that utilizes developments in generative AI, machine learning, and computer vision to transform the end-to-end shopping journey, starting from search and discovery. The platform, currently in its pre-launch phase, already features nearly 2,000 brands through partnerships with both multi-brand and mono-brand retailers.
About Company: Daydream aims to redefine the shopping experience by integrating advanced AI technologies to provide a seamless and personalized search and discovery platform for fashion. This initiative not only enhances user interaction but also promises to elevate the standards of online shopping, making it more intuitive and responsive to individual preferences.