InstaLILY Inc. raises $60M in Series B

InstaLILY Inc., a developer in the enterprise automation sector, secured $60 million in Series B funding led by Energize Capital. This latest round brings the company's total capital raised to nearly $100 million. Alongside the funding announcement, InstaLILY has introduced a new AI tool designed to help businesses build, deploy, and maintain operational software more effectively.

The funding round saw participation from previous investor Insight Partners and new stakeholders such as Home Depot Ventures and United Rentals. InstaLILY specializes in AI solutions for firms dealing with physical goods and services. The company's AI agents, branded as “InstaWorkers,” are tailored to automate complex workflows across sales, operations, and service areas. These agents perform tasks ranging from sales call prioritization and churn risk identification to support functions like managing inventory queries and parsing technical documentation.

Founder and CEO Amit Shah highlighted that InstaLILY's approach leverages institutional and domain-specific knowledge, creating software solutions that address business-specific challenges traditionally managed through legacy systems. The newly launched tool dubbed an "AI forward-deployed engineer," employs advanced, specialized large language models to facilitate the development of bespoke applications for tasks such as pricing quotes and logistics planning. It is designed to seamlessly integrate into existing organizational systems and evolve as business data and processes change.

InstaLILY’s revenue growth reportedly increased fivefold in the past year, underpinned by successful customer engagements across several sectors, including construction, logistics, and healthcare. A notable application involved aiding a national distributor in generating over $200 million in new sales revenue and automating a complex request-for-quote process for an industrial supply firm, significantly reducing manual workload. Notably, clients such as SRS Distribution and Parts Town have integrated InstaLILY’s AI solutions to maintain operational efficiency despite evolving business needs.

Looking forward, InstaLILY plans to enhance Lily's capabilities and expand its team, with ambitions to penetrate new industry verticals. The company also intends to develop its data center infrastructure, which supports the deployment of its AI solutions. These advancements are expected to bolster the scalability and adaptability of InstaLILY’s offerings in a competitive enterprise automation landscape.