Genus AI, a Nashville, TN-based provider of a generative AI platform for D2C and e-commerce brands, secured $6 million in additional investment. This extension brings the total seed funding for the company to $11 million.
The seed round extension includes investments from new investors: Aleph Group Inc., an ecosystem of global digital experts and technology-driven solutions for digital marketing and strategic angel investors, including Kazuki Ohta, Co-Founder & CEO of Treasure Data, Magnus Lundin, Founder of Heep Agency, Tomas Slimas, Co-Founder of Oberlo (acquired by Shopify)
Genus AI Use of Funds
The funds raised through this extension of the seed round will be used to invest in the company's go-to-market (GTM) infrastructure. Genus AI also plans to incorporate additional integrations and features into its platform to further enhance its offerings for D2C and e-commerce brands.
About Genus AI
Founded by Dr. Tadas Jucikas and Viktoras Jucikas, 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. Genus AI's mission is to make AI accessible to brands of any size. The company has recently relocated its headquarters from San Francisco to Nashville, Tennessee. The company also operates a leading artificial intelligence technology hub in Vilnius, Lithuania, where it has assembled a team of experts in machine learning.
Company: Genus Artificial Intelligence Inc.
Round: Seed Round Extension
Funding Month: September 2023
Additional Investors: Aleph Group Inc., Kazuki Ohta, Magnus Lundin, Tomas Slimas
Company Website: https://genus.ai/
Software Category: Customer Relationship Management (CRM) Software