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- 📝 GPTZero Series A
📝 GPTZero Series A
Liam Gill
June 14, 2024
News of the Day
GPTZero, an AI startup founded by Edward Tian and Alex Cui, has achieved profitability within 18 months, generating millions in revenue. Specializing in detecting AI-generated content, the company recently secured a $10 million preemptive Series A round led by Footwork's Nikhil Basu Trivedi. Since its launch in January 2023, GPTZero has grown its user base from 1 million to 4 million, with a 500% increase in annual recurring revenue. The company stands out for its accuracy in AI detection, backed by proprietary data and advanced language models, and serves a diverse customer base including educators, government agencies, and AI training data labelers. With a valuation around $50 million pre-money, GPTZero aims to create an accountable internet by developing AI hallucination detection technology.
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Current advice is raise only what you need in a seed round.
But the data is pretty clear that companies that raised a small seed (here defined as anything $2M or less) graduated to Series A far less often.
Grad rates here are percent that got to A within 2 years so doesn't… x.com/i/web/status/1…
— Peter Walker (@PeterJ_Walker)
4:06 PM • Jun 12, 2024
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Onwards and Upwards,
