InstaLILY AI, creator of the world’s first AI Forward Deployed Engineer, announced a $60 million Series B round led by Energize Capital, with participation from Insight Partners, which increased its investment, and new strategic investors including Home Depot Ventures and United Rentals. The round brings the company’s total raised to nearly $100 million, and revenue grew 5x over the past year.
Lily goes into a business, learns how it works, builds what the work needs, and gets it running by finding revenue, pricing quotes, planning routes, and diagnosing equipment in the field. Unlike a traditional demo or pilot, it runs the business with people in control and goes live in days rather than months, continuing to ship and improve the longer it runs. At a national distributor, the software Lily built generated more than $200 million in new annual sales by pursuing revenue across the entire customer base beyond what any sales team could cover by hand. At an industrial supplier, Lily sped up pricing for complex RFQs, giving the commercial team hundreds of thousands of hours back per year, while at a field service company it cut diagnosis time from 15 minutes to under 10 seconds and reduced the cost to serve a call by 98 percent.
Through its work with Google DeepMind, InstaLILY built a hybrid architecture that pairs a large model for hard reasoning with a small model for fast, routine, and sensitive work, routing each task to whichever fits. The small model runs close to the work on InstaLILY’s Small Data Center, built with NVIDIA technology, in the cloud, on-premise, or at the edge, keeping customer data private while running at lower latency, lower cost, and less energy.
Since its Series A, InstaLILY has gone live with some of the largest operators in construction, industrial distribution, logistics, and healthcare, including companies within The Home Depot family, United Rentals, ShipStation Global, PartsTown, Radwell International, Henry Schein, PartsSource, and Kedrion Biopharma, and has opened new offices in San Francisco, London, and Toronto. Founded in 2023 by Amit Shah and Sumantro Das, InstaLILY is headquartered in New York and will use the new funding to help Lily learn faster, take on more work, expand into new industries, and grow the team.
KEY QUOTES:
“Every company is full of work that only it knows how to do, in sales, in operations, out in the field, work too specific for off-the-shelf software, so it runs on legacy systems and manual workarounds.”
“Lily turns that work into software, and it is running in days, not quarters.”
Amit Shah, Founder and CEO, InstaLILY
“At our scale, enterprise AI can start falling behind the minute it goes live because the business never stops changing.”
“Lily has helped us build the software our teams need while working within the enterprise platforms, governance, and processes we’ve already established. That allows us to move much faster without compromising the standards required to operate at scale.”
Patrick Garcia, Chief Digital, AI & Innovation Officer, SRS Distribution
“United Rentals is focused on innovative solutions to help our customers and employees be more productive. We’re excited to invest in and support InstaLILY’s continued growth and innovation.”
Tony Leopold, Chief Technology & Strategy Officer, United Rentals
“To meet rising energy and manufacturing demand, industrial companies need digital infrastructure that can operate at a new level of scale and complexity.”
“By addressing the industry’s biggest constraints for AI implementation-cost, energy, latency, reliability, and speed of deployment-InstaLILY creates immediate value for customers and scales with them.”
Eileen Waris, Principal, Energize Capital
“InstaLILY started where enterprise AI is hardest, in businesses run on legacy systems, hard integrations, and real regulation.”
“For decades, enterprise software recorded the business. Lily changes how the business runs. And the more of a business it runs, the harder it is to replace.”
Crissy Costa Behrens, Managing Director, Insight Partners
