AI search engine startup Genspark reportedly raises $100M at $530M valuation

Genspark, an AI search engine startup, has raised $100 million in funding, valuing the company at $530 million. The funding round was led by investors from the U.S. and Singapore. Genspark, officially known as Mainfunc Inc., launched last year with $60 million in initial funding and has grown its user base to 2 million. The search engine uses large language models to provide natural language answers instead of listing webpages, and it features specialized tools for e-commerce and financial data analysis. A recent addition, Deep Research, offers detailed responses by analyzing extensive data, though it requires longer wait times.

The company's search engine employs a mixture-of-agent architecture, utilizing models from OpenAI, Anthropic PBC, and Google to generate responses. Genspark may use the new funding to incorporate reasoning-optimized models to enhance output quality. This funding round follows a $500 million investment in Perplexity AI Inc., a competitor, which recently launched a feature similar to Genspark's Deep Research.

Key takeaways

AI search engine startup Genspark has raised $100 million in funding, valuing the company at $530 million.
Genspark's search engine uses large language models to provide natural language answers instead of a list of webpages.
The company has introduced a feature called Deep Research, which provides detailed answers by analyzing extensive information, though it increases wait times.
Genspark's funding round follows a $500 million investment in competitor Perplexity AI Inc., which recently launched a similar feature to Deep Research.

AI search engine startup Genspark reportedly raises $100M at $530M valuation - SiliconANGLE

Key takeaways

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