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Posted October 21 , 2021

 

On the one-year anniversary of Copy.ai’s launch on Twitter, the company, a GPT-3 AI-powered platform that generates copywriting tools for business customers, secured another round of funding.

This time, the company brought in an $11 million Series A round, led by Wing Venture Capital, with participation from existing investors Craft Ventures and Sequoia, and new investors including Tiger Global and Elad Gil. This follows a $2.9 million seed round announced in March and brings the company’s total funding to $13.9 million.

{mprestriction ids="1,4,9"}Copy.ai’s software costs $35 a month and can, for example, write a blog post outline based on a few sentences and create link descriptions for Facebook ads and even generate a company motto.

A year since CEO Paul Yacoubian and Chris Lu co-founded the company, is not yet profitable, but did go from zero to $2.4 million in annual recurring revenue. It also went from three employees to 13, Yacoubian told TechCrunch.

 

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