SmartSKN: $7 Million Deal Signed With LillyCover Korea

By Amit Chowdhry • Oct 2, 2024

AI-based beauty solutions leader SmartSKN partnered with LillyCover, a pioneer in Korean skincare technology. This $7 million deal grants SmartSKN exclusive rights to introduce AI-driven skincare robots to the U.S. market, combining the best of K-beauty with cutting-edge AI skincare personalization.

SmartSKN has created three groundbreaking skincare lines using advanced AI technology, all formulated with high-efficacy Korean, plant-powered ingredients. The customized lines are set to revolutionize the skincare industry:

1.) K-AI – A hyper-personalized product line created by using real-time data from an advanced AI skin analysis.

2.) K-OWN – A customizable line where users can formulate their products with guidance from SmartSKN’s AI through an interactive web platform.

3.) K-PRO is an industry-first personalized range for professionals. It enables estheticians and dermatologists to co-create formulas with SmartSKN’s AI to deliver highly personalized, supercharged Korean skincare to their clients.

The company opened the first AI SmartSKN Lab in Beverly, MA. And this interactive space offers users the opportunity to book complimentary appointments for AI skin analysis.

During their visit, guests can see AI-powered robots in action as they craft personalized skincare solutions tailored to individual needs. And for those preferring the convenience of at-home use, SmartSKN offers the Muilli AI Dermascope to purchase for the cost of $399. Users can analyze their skin at home, send the data to the SmartSKN Lab, and have their personalized skin care formulas delivered directly to their door.

SmartSKN is transforming beauty production through robotics-driven, AI on-demand manufacturing, minimizing waste and reducing overproduction. By crafting each product based on real-time skin data, this innovative approach meets the growing consumer demand for eco-friendly solutions, paving the way for a more sustainable future in the beauty industry.

Neicu characterizes the partnership with LillyCover as a notable development that unlocks limitless potential for innovation in the beauty industry.

KEY QUOTES:

“These three lines represent a dramatic shift in the beauty industry. We’re not just creating products; we’re building a future where AI, personalization, and sustainability converge to empower consumers and skincare professionals alike.”

“We wanted to create an immersive experience for our customers, and let them see firsthand the power of skincare personalization.”

We’re setting the stage for AI skincare to become the norm, offering products tailored to each individual’s unique needs, moving the industry away from a one-size-fits-all solution.”

“As AI-driven skin care takes center stage, this collaboration paves the way for future advancements. Envision a world where AI revolutionizes not only skin care but also hair care and other beauty sectors in the years ahead.”

  • Val Neicu, CEO of SmartSKN