Lithuanian-founded Genus AI secures $6M in a seed round extension
Genus AI, a Lithuanian-founded generative AI platform, has secured over $6 million in a seed round extension, bringing the company’s total seed funding to $11 million. New investors include Aleph Group Inc., as well as business angels Kazuki Ohta, Magnus Lundin, Tomas Slimas, and others.
- Established in 2017 by two Lithuanians Tadas Jucikas and Viktoras Jucikas, Genus AI is a generative AI platform for D2C and e-commerce brands. The company recently announced product catalog feed generation capabilities for Facebook, Instagram, Pinterest, X, and TikTok in addition to copy, video, and audience generation already in store.
- Not so long ago, the technological startup moved its headquarters from San Francisco to Nashville, Tennessee. The company operates a leading artificial intelligence technology hub in Vilnius, Lithuania, where it has gathered a team of Europe’s leading experts in machine learning.
“This year alone we have generated over 10 million product images for leading e-commerce and D2C brands such as Parks Project, Annie Selke, Awe Inspired, Peter Thomas Roth and many others. Artificial intelligence is transforming how brands grow and engage with their customers. This rapidly evolving AI technology should be accessible to all and we are working hard to open it up for brands of any size,”Dr. Tadas Jucikas, CEO, Genus AI, comments.
- Genus AI’s new investors are Aleph Group Inc., an ecosystem of global digital experts and technology-driven solutions, and strategic angel investors such as Kazuki Ohta, Co-Founder & CEO of Treasure Data, Magnus Lundin, Founder of Heep Agency, Tomas Slimas, Co-Founder of Oberlo (acquired by Shopify), and others.
- The firm plans to invest the fresh capital into GTM infrastructure as well as incorporating additional integrations and features within the platform.