Despite a decline in valuation from $1.8 billion in 2017 to $500 million, Quora is showing signs of growth since the launch of Poe a year ago. The platform has over 400 million monthly unique visitors and Poe's mobile app has seen over 18.4 million installs and nearly 1.22 million monthly active users. Quora is cash flow positive, excluding Poe, and all of the new funding will be used on Poe.
Key takeaways:
- Quora has raised $75 million in funding, primarily from Andreessen Horowitz, to support the growth of its AI chat platform, Poe.
- The company has launched a creator monetization program that allows creators of bots on Poe to generate revenue.
- Despite a decrease in valuation from $1.8 billion in 2017 to $500 million, Quora is experiencing increased usage, with over 400 million monthly unique visitors.
- Poe's mobile app was downloaded over 250,000 times in its first month and has grown to nearly 1.22 million monthly active users.