Jasper Raises $125 Million At A $1.5 Billion Valuation For Its AI Content Platform

Episode Summary

– Jasper leverages AI to generate content for blog articles, social media posts, website copy and more.
– Have secured a $125 million series A funding round at a $1.5 billion valuation
– Led by global software investor Insight Partners and joined by other leading firms including Coatue, Bessemer Venture Partners, IVP, Foundation Capital, Founders Circle Capital, HubSpot Ventures and more
– Like that Jasper is giving every customer 10,000 to 150,000 free credits
– Great Twitter thread about how long of a journey this has been
– Dave Rogenmoser, J.P. Morgan and Chris Hull are Y Combinator alumni who had founded Proof
– Built the platform from OpenAi’s GPT-3
– Copy.ai, WriteSonic, Peppertype, Wordtune and Simplified are competitors
– Have introduced Jasper Art for image generation
– Crossover investors between Jasper and Stable Diffusion
– Share challenges with copyright, ethics, intellectual property and more
– “We are a hypergrowth company that is also focused on profitability”
– Jasper has more than 70,000 customers and generated $40 million in revenue last year
– The company expects to end 2022 with over double that revenue at $90 million

Other Insights

Jasper AI (incorporated as Jasper AI ltd) competes with companies like Wordtune, Copy.ai and more to automatically generate marketing copy using natural language generation. Jasper apparently has almost $40 million in recurring revenue and is trending towards $90 million which is insane growth. They have business customers from all over the world.

Paul Yacoubian from Copy.ai recently raised a round with a large copy.ai valuation that is not fully known but was was funded by great firms like Craft Ventures, Tiger Global, Wing Ventures and more.

How did we go from NYC to GPT? There has been a huge shift in the AI world and it is penetrating marketing brining companies like Jasper AI and copy.ai to entirely new heights.

YouTube Video

Resources

Jasper – The #1 AI Content Platform For Business
Contact Enterprise Sales – Jasper
What our Series A Funding Round Means to You, Our Customers (Product Launches and a Gift!)
Venture Capital Firms NYC | Insight Partners
Homepage | Coatue
Home · Bessemer Venture Partners
Home – Foundation Capital
IVP | Partners to the undaunted
Founders Circle Capital
HubSpot | Software, Tools, and Resources to Help Your Business Grow Better
Plans & Pricing – Jasper
Jasper ∙ Official Community | # We raised $125M to build more for YOU | Facebook
AI content platform Jasper raises $125M at a $1.5B valuation | TechCrunch
Why investors see the potential in AI-powered, copy-generating adtech companies | TechCrunch
Jasper Announces $125M Series A Funding Round, Bringing Total Valuation to $1.5B and Launches New Browser Extension
Next-generation AI gains steam as Jasper gets $1.5B valuation | PitchBook
Jasper Raises $125 Million Series A at a $1.5 Billion Valuation | by Omar Darwazah | AAF Management Ltd | Oct, 2022 | Medium
Austin Inno – Austin AI startup Jasper raises $125M at $1.5B valuation
Jasper Closes $125 Million Series A | citybiz
Dave Rogenmoser ⛳️🤖🦄 on Twitter: “Welp, Jasper just raised a $125 million Series A at a $1.5 billion valuation. From launch to unicorn in 18 months. 🦄 We’re one of the fastest-growing startups of all time, but our journey to this point was FAR bumpier than you may think. A thread… 🧵 https://t.co/SWIFAt3zVq” / Twitter
Search | LinkedIn
Dave Rogenmoser 🚀 | LinkedIn
Generative AI: A Creative New World | Sequoia Capital US/Europe
Jasper: Overview | LinkedIn
James Morgan | LinkedIn
Chris Hull | LinkedIn

Affiliates

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