Rye Receives $14 Million Seed Investment for AI Commerce API

Rye, a company powering native shopping experiences within AI, has secured $14,000,000 in investment capital from investors. The company's innovative API is designed to facilitate instant retrieval of price, tax, and shipping information for any product available on the internet, ensuring low latency and high order reliability for AI-driven commerce platforms. This substantial funding round underscores investor confidence in Rye's technology and its potential to shape the future of digital retail. The newly raised capital is significant for Rye as it aims to scale its operations and enhance its technological infrastructure. In an increasingly AI-centric digital landscape, Rye's solution addresses a critical need for seamless, integrated shopping functionalities directly within AI experiences. This investment positions Rye to accelerate its development roadmap and capitalize on the growing demand for efficient, reliable e-commerce solutions integrated into artificial intelligence applications. Rye plans to strategically deploy the $14,000,000 to advance its product development initiatives, expand its engineering and go-to-market teams, and broaden its platform's capabilities. These efforts are crucial for maintaining its competitive edge and extending its reach within the burgeoning market for AI-powered commerce. The funding will enable the company to further refine its API, ensuring it continues to meet the evolving demands of its partners and their end-users. Looking ahead, Rye's growth plans include solidifying its position as a foundational layer for AI-driven shopping. The company anticipates that this investment will significantly contribute to its expansion, allowing it to support a wider array of AI experiences and contribute to the broader adoption of integrated, intelligent shopping solutions across the internet.