Global investment giant L Catterton announced a strategic investment in the AI-powered shopping platform Glance. The firm said the deal reflects its research into how AI is reshaping product discovery. L Catterton plans to support Glance’s expansion into the U.S. market by using its global network and deep operating expertise.
L Catterton, which manages about $40 billion in equity capital, said the deal reflects its research into how AI is reshaping product discovery and purchasing. The firm plans to support Glance's expansion, particularly in the U.S., drawing on its operating expertise and global network.
Consumer-focused investment giant L Catterton announced a strategic investment in Glance, an AI-powered personal shopping platform backed by technology company InMobi. The terms of the investment were not disclosed.Glance uses agentic AI to learn consumers' interests and recommend products, including items shoppers might not have considered, the company said in a press release. The platform runs across smartphones, connected TVs and other