Genspark is an Artificial Intelligence based search engine startup that has secured around $60 million  in its seed funding round led by VC fund Launchi Venture. The startup aims to challenge Google’s  position in the search market. This AI startup raised the funding with zero revenue at a valuation of  260 million USD. This Singapore-based fund rebranded and parted ways from BlueRun ventures last  year. 

Genspark claims to use a variety of Artificial Intelligence Models for its search engine to index and  summarize information. The platform aims to provide accurate and useless information on pages by  using multiple specialized AI agents to generate customized pages with every query and new page. The  company plans to use these fresh proceeds on market expansion, advancing its technology, scaling up  its operations, and developing more innovative AI solutions. This AI search startup is focusing on  expanding in the U.S. market and is planning to introduce a paid subscription service in the future. 

The funding amount raised during this seed funding round will be used to develop more advanced  Artificial intelligence solutions, market expansion, increase the performing AI capability, and enhance  the platform. Genspark will also be investing in its R&D infrastructure to find a solution and offer faster  and more affordable systems with seamless experience. The co-founder of Genspark, Eric Jing  mentioned that the platform delivers high-quality information with high authority to its users by using  a more surgical approach. He also highlighted that the user wants trustworthy and visual results for  their searches and Genspark uses AI to meet all those demands.  

This funding round came just after the search engine market was experiencing growth and competition  with new AI models to gather and access more accurate information online. Many other search engines are aiming to challenge Google’s search engine including Perplexity which is looking to raise additional  funds and You.com which has secured $50 million for the second time for its fundraising round.  

Conclusion: 

This AI search startup, Genspark offers a platform that competes with Google’s search engine using various AI models. The platform delivers high-quality information with high authority to its users by  using a more surgical approach. The user wants trustworthy and visual results for their searches and  Genspark uses I to meet all those demands. The startup aims to challenge Google’s position in the  search market. This AI startup raised the funding with zero revenue at a valuation of 260 million USD. 

This Singapore-based fund rebranded and parted ways from BlueRun ventures last year. The company  plans to use these fresh proceeds on market expansion, advancing its technology, scaling up its  operations, and developing more innovative AI solutions. This AI search startup is focusing on  expanding in the U.S. market and is planning to introduce a paid subscription service in the future. Genspark will also be investing in its R&D infrastructure to find a solution and offer faster and more  affordable systems with seamless experience.