Deals · Updated 26 Oct, 02:08 pm IST
L Catterton makes equity investment in InMobi-backed Glance to back US AI shopping push
Why it matters for readers: Explains how AI can move product discovery from search into personalized recommendations on everyday devices.
- L Catterton made a strategic fresh equity investment in Glance to support its growth in the US market.1
- Glance builds an AI shopping platform that recommends products across smartphones, connected TVs, and other digital platforms.1
- Glance already partners with Samsung, Motorola, and DIRECTV, giving it distribution on millions of devices in the US.1
- Neither party disclosed the investment amount or detailed transaction terms.1
- L Catterton will contribute consumer and category expertise, operating capabilities, and its global network to support Glance.1
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