This startup is taking on TikTok Shop and eBay Live with AI-powered auctions. Read its $26 million pitch deck. (www.businessinsider.com)

Tilt, a live shopping auction app leveraging AI to streamline the online selling process, has successfully raised $26 million in its latest funding round, bringing its total funding to $50 million. Founded in 2021 by former Revolut employees, Tilt allows users to participate in real-time bids as sellers showcase their products in a format reminiscent of QVC, but tailored for the social media-savvy generation. The app's standout feature, the AI-powered Snap tool, automates auction listings by generating descriptions and pricing within seconds when a seller presents an item to the camera. Additionally, a live coaching feature provides sellers with real-time prompts to enhance their auction strategies. This innovation could significantly disrupt the online commerce landscape, positioning Tilt as a direct competitor to platforms like TikTok Shop and eBay Live. The integration of AI not only simplifies the selling process but also empowers users to start from scratch and achieve success in the auction space. With the new funding, Tilt plans to further develop its AI capabilities, improve product discovery, and expand into new markets, particularly in Europe and the US, signaling a broader shift towards AI-driven solutions in the live commerce sector.