Venture capital funding may be slowing, but not for artificial intelligence startups it seems.
A day after London-based became Europe’s newest unicorn after locking up a $101 million raise, Austin, Texas-based closed a $125 million Series A funding round at a $1.5 billion valuation.
The round was led by and joined by others including , , , and .
, who co-led Stability’s raise, also took part in Jasper’s Series A.
Search less. Close more.
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
The two rounds—among others—seems to show that while funding is down this year, investors still have an insatiable appetite even at high unicorn valuations. On Monday, that ​​San Francisco-based AI video and audio editing tool was in talks with CEO and other investors to raise a new round.
AI-enabled writing
Jasper uses AI to help people and companies with their content strategies. Its AI platform helps create original content while optimizing it for ROI and even repackaging it in different ways and in different languages.
“Generative AI represents a major breakthrough in creative potential, but it’s still inaccessible and intimidating to many,” says CEO in a . “Jasper is working to bring AI to the masses and teach people how to leverage it responsibly so that businesses and individuals can better convey their ideas.â€
Jasper plans to use the new money for product development and enhancing customer experience. Since launching in January 2021, Jasper has more than 70,000 paying subscribers ranging from individual creatives to teams at large enterprises, the company said.
Even in a down market, certain sectors and industries will still capture investors’ interest. Right now seems to be AI’s moment.
Further reading:
Stability AI Newest Addition To Unicorn Stable
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.


67.1K Followers