Inc. revealed today that Lily AI ranks No. 1299 on the 2024 Inc.
5000, its annual list of the fastest-growing private companies in
America. The prestigious ranking provides a data-driven look at the
most successful companies within the economy’s most dynamic
segment—its independent, entrepreneurial businesses. Microsoft,
Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and
many other household-name brands gained their first national
exposure as honorees on the Inc. 5000.
“Making the Inc. 5000 is a dream come
true for every founder yet more importantly, it is a testament to
the relentless innovation and commitment to growth of the entire
Lily AI team,” said Purva Gupta, Co-founder and CEO, Lily AI.
“Every day, I am filled with pride and gratitude for what we
deliver together; today, I am especially excited to share the
achievement of this monumental milestone as one of the
fastest-growing private companies in America.”
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year’s top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year’s Inc. 5000 companies have added 874,458 jobs to the economy
over the past three years.
For complete results of the Inc. 5000,
including company profiles and an interactive database that can be
sorted by industry, location, and other criteria, go to
www.inc.com/inc5000. All 5000 companies are featured on Inc.com
starting Tuesday, August 13, and the top 500 appear in the new
issue of Inc. magazine, available on newsstands beginning Tuesday,
August 20.
“One of the greatest joys of my job is
going through the Inc. 5000 list,” says Mike Hofman, who recently
joined Inc. as editor-in-chief. “To see all of the intriguing and
surprising ways that companies are transforming sectors, from
health care and AI to apparel and pet food, is fascinating for me
as a journalist and storyteller. Congratulations to this year’s
honorees, as well, for growing their businesses fast despite the
economic disruption we all faced over the past three years, from
supply chain woes to inflation to changes in the workforce.”
Lily AI is bringing humanity to shopping by harnessing
human-centered language throughout the retail ecosystem, improving
search and discovery everywhere. This year, Lily AI’s co-founders
made Inc.’s 2024 Female Founders List. Lily also launched
integrations with Google, Shopify, Bloomreach, and Algolia, amongst
others. Last month, Lily unveiled its inaugural Retail AI Index, a
quantitative meta-analysis of the top 100 retailers and brands
embracing AI today to improve customer experiences and accelerate
profitable growth.
CONTACT:
Media Contact:Berns
Communications GroupMichael McMullanmmcmullan@bcg-pr.com
More about
Inc. and the Inc. 5000
Methodology Companies
on the 2024 Inc. 5000 are ranked according to percentage revenue
growth from 2020 to 2023. To qualify, companies must have been
founded and generating revenue by March 31, 2020. They must be
U.S.-based, privately held, for-profit, and independent—not
subsidiaries or divisions of other companies—as of December 31,
2023. (Since then, some on the list may have gone public or been
acquired.) The minimum revenue required for 2020 is $100,000; the
minimum for 2023 is $2 million. As always, Inc. reserves the right
to decline applicants for subjective reasons. Growth rates used to
determine company rankings were calculated to four decimal
places.
About Inc. Inc. Business Media
is the leading multimedia brand for entrepreneurs. Through its
journalism, Inc. aims to inform, educate, and elevate the profile
of our community: the risk-takers, the innovators, and the
ultra-driven go-getters who are creating our future. Inc.’s
award-winning work achieves a monthly brand footprint of more than
40 million across a variety of channels, including events, print,
digital, video, podcasts, newsletters, and social media. Its
proprietary Inc. 5000 list, produced every year since its launch as
the Inc. 100 in 1982, analyzes company data to rank the
fastest-growing privately held businesses in the United States. The
recognition that comes with inclusion on this and other prestigious
Inc. lists, such as Female Founders and Power Partners, gives the
founders of top businesses the opportunity to engage with an
exclusive community of their peers, and credibility that helps them
drive sales and recruit talent. For more information, visit
www.inc.com.
For more information on the Inc. 5000
Conference & Gala, to be held from October 16 to 18 in Palm
Desert, California, please visit http://conference.inc.com/.
About Lily AILily AI
is a female-founded retail technology company empowering retailers
and brands by bridging the gap between merchant-speak and
customer-speak. Leveraging generative AI, computer vision, natural
language processing, machine and deep learning, Lily AI enhances
customer shopping experiences by injecting human-centered language
throughout the retail ecosystem to improve search and discovery,
everywhere. Integrated with Google Merchant Center and leading
eCommerce, marketplace, and product management platforms, Lily AI
maximizes existing media and technology investments to deliver
upwards of 9-figure revenue lift through improved product
attribution and descriptions, increased ad impressions, and higher
conversion. Learn more at www.lily.ai.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9331c5ad-de98-4895-a2ac-651eee859031
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9ae29c64-49a6-45c7-98f3-046d5e502530