Reported 10 months ago
The startup behind You.com, SuSea Inc, is securing $50 million in Series B funding, valuing the company at $700 million to $900 million. Since its launch, You.com has garnered 1 billion queries and shifted focus towards being an AI assistant. Despite facing challenges from competitors like Microsoft and Google, You.com, led by CEO Richard Socher, continues to innovate with productivity tools and premium subscriptions. The fundraising, led by Georgian, has seen a fivefold growth in annual recurring revenue since January, with support from previous investors.
Source: YAHOO