The company, which has offices in Palo Alto and Singapore, plans to use the funding to open a Seattle office and explore monetizing its search engine through paid subscriptions. The funding announcement follows reports of rival AI-powered search startups, including You.com Inc. and Perplexity.ai Inc., also seeking significant investments.
Key takeaways:
- Genspark, the developer of an AI-powered search engine, has raised $60 million in funding led by Singapore-based investment firm Lanchi Ventures.
- The company's search engine uses large language models to provide relevant information and verify responses against trusted databases.
- Genspark's platform includes a built-in chatbot for follow-up questions and an online shopping section with AI-generated product descriptions.
- The company plans to use the funding to open a Seattle office and explore the possibility of monetizing its search engine through paid subscriptions.