L Catterton Invests in InMobi-Backed Glance to Scale AI Shopping
InMobi-backed Glance is building its business around this shift, turning everyday digital screens into places where consumers can discover, explore and buy products.
The company has secured a strategic investment from global consumer-focused investment firm L Catterton, announced on October 26, as it looks to expand its AI-powered shopping business, particularly in the United States.
The companies have not disclosed the investment amount, valuation or other financial terms.
The development comes at an important point for Glance. Once known primarily for displaying content on smartphone lock screens, the company is now expanding into AI-led commerce across mobile devices, connected televisions and other digital platforms.
Its recent partnerships with Google and PayPal show how the company is connecting different parts of the shopping experience, from product recommendations to payments.
From Lock Screens to Shopping
Glance initially built its presence by delivering personalized content directly to smartphone lock screens, allowing users to...
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