IL Makiage has raised $130 million in total funding, including a $130 million Series B round on January 10, 2022, led by Franklin Templeton Investments, valuing it at $1.5 billion. Founded in 1972 and headquartered in New York City, the company offers AI-driven personalized makeup and beauty products, featuring foundations, lipsticks, mascaras, and more. With 51 employees, IL Makiage is pioneering beauty tech innovation through machine learning, data analytics, and influencer-led marketing to transform the digital beauty shopping experience.