Jasper, a fast-growing AI creation tool based in Austin, Texas has raised $125 million in series-A funding round, making it one of the newest unicorns and one of the fastest to achieve such milestones in a short time.
Jasper was founded in January 2021 but has rapidly grown to become one of the most dominant players in the AI-powered content generation market.
CEO Dave Rogenmoser said that the funding will be used to improve Jasper’s core products and work towards the improvement of customer experience. The company also expects to bring its technology to more applications.
“To build a market-leading company in generative AI we need the appropriate infrastructure,” Rogenmoser said, “We want to build a world-class business, [and] to do that we need capital and highly strategic partners.”
Jasper’s services are available are subscription-based and customers use it to generate varied content including ads, social media posts, blogs and web content. Subscriptions for the service start at $40 a month, with the company reporting more than 70,000 current subscriptions.
“While we are in constant awe of the power of our technology, we are viscerally aware of the responsibility that assigns us. We are committed to remaining accountable for the power of technology but we also acknowledge that our control is limited.”