Daash Secures $5.5 Million in Second Seed Funding Round to Meet Beauty Industry’s Growing Demand for AI-Powered Competitive Insights

Summary

Daash announces a $5.5 million second seed round led by Bullpen Capital, bringing its total funding at the time to $8.25 million.

GFT Ventures joins the round alongside existing investors Silicon Road Ventures and Red Bike Capital. Daash says it will use the funding to expand engineering and go-to-market teams and develop its beauty intelligence platform.

The platform combines data sources and AI to provide weekly estimates of sales performance across retailers, categories and products. The announcement names Amika, Glow Recipe, Ilia and Tatcha among the brands using Daash.

Bullpen Capital reports that Daash had more than doubled its client roster since its first funding round. This source is the company’s press release distributed through Business Wire.