Trilogy AI's Strategic Financing: Fueling Growth in AI Beauty Technology

Trilogy AI Corp. (CSE: TRAI) (OTCQB: TRAIF) (FSE: Y92) has announced the successful closing of its non-brokered private placement financing, known as the LIFE Offering, and concurrent private placements. The company raised approximately C$477,866.69 from the LIFE Offering, C$362,196.82 from the Private Placement, and C$465,575 from the Warrant Offering, totaling approximately C$1,305,639.51 in gross proceeds. These funds will be used to strengthen Trilogy AI's working capital and support its general corporate purposes, including the development and improvement of its AI beauty technology, Scarlett.



The LIFE Offering and concurrent private placements align with Trilogy AI's strategic objectives and long-term growth plans. The proceeds will enable the company to invest in the development and enhancement of its AI beauty technology, Scarlett, which uses AI algorithms to analyze facial features and provide personalized beauty recommendations. Additionally, the funds will support the company's expansion and growth initiatives, such as entering new markets and increasing its customer base.

Trilogy AI's strategic financing also positions the company to capitalize on the growing demand for AI beauty technology. The global AI in beauty market is expected to grow at a CAGR of 30.5% from 2021 to 2028, reaching USD 16.4 billion by 2028 (Allied Market Research, 2021). This growth is driven by factors such as personalization, convenience and accessibility, growing interest in tech-driven beauty, and market growth.

In conclusion, Trilogy AI's successful closing of the LIFE financing and concurrent private placements is a strategic move that aligns with the company's objectives to strengthen its financial position, invest in its core technology, and support its long-term growth plans. The proceeds will enable the company to continue developing and improving its AI beauty technology, Scarlett, and capitalize on the growing demand for AI beauty solutions in the market.