L Catterton Backs InMobi-Backed Glance To Expand Its AI Shopping Business In US
L Catterton, a consumer-focused investment firm, has invested in Glance, an AI shopping platform backed by InMobi, to accelerate growth in the US market. The investment amount was not disclosed. Glance, founded in 2019 by InMobi's four cofounders, uses agentic AI to recommend products across smartphones, connected TVs, and other devices, and has partnerships with Samsung, Motorola, and DIRECTV. L Catterton plans to provide operational support and leverage its global network to expand Glance's commerce platform.
Key points
- L Catterton makes strategic investment in Glance for US market expansion
- Glance uses agentic AI for product discovery and recommendations
- Platform available on millions of devices through partnerships with Samsung, Motorola, DIRECTV
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