Jasper AI Raises $125 Million To Offer Generative AI Services
Jasper AI, a site for easy generative AI content creation, has raised $125 million in a Series A funding round.
Created on October 19|Last edited on October 19
Comment
AI is getting used for creative media generation more and more as its quality and reliability increases. For many professions, the advent of AI has made content creation quicker and easier than ever before.
The Jasper AI platform brings well-proven AI models to marketers, writers, and other interested customers with it's intuitive interface for content creation. While it's essentially a proxy for GPT-3 (for text content generation) and Stable Diffusion** (for image content generation), it's stand-out features are it's tools and templates that make content generation for specific platforms a breeze, such as it's unique workflows for Facebook advertising, email composition, or other use cases.
Who's funding Jasper AI and where's the money going?
Jasper AI shows their success over the last year and a half since launch with a $125 million series A funding round just announced. This funding round was led by Insight Partners with additional participation from Bessemer Venture Partners, Coatue, Foundation Capital, Founders Circle Capital, HubSpot Ventures, and IVP.
Along with the funding round announcement, Jasper AI revealed a new Chrome browser extension, bringing Jasper AI's writing tools to any site you visit. Additionally, the image generation portion of Jasper AI has been made available independent of it's writing counterpart, meaning users who just want access to the art generation tools will be able to have that.
Beyond these two new releases, the money is said to be put towards further investment into their product and platform.
Find out more
** The use of Stable Diffusion never plainly mentioned, but inferred by the fact they use Stable Diffusion's Terms of Service & License alongside their own.
Add a comment
Tags: ML News
Iterate on AI agents and models faster. Try Weights & Biases today.