Jasper Raises $125 Million at a $1.7 Billion Valuation

Jasper is a startup that develops an AI content platform. The company uses AI to generate content for social media posts, blog articles, website copy, etc. With the help of the platform, customers can describe in their own words what they want Jasper to write, whether a keyword-rich piece designed to rank well in search engines or existing content repurposed with additional context.

The funding round was led by Insight Partners. Bessemer Venture Partners, IVP, Foundation Capital, Founders Circle Capital, Coatue, and HubSpot Ventures also participated in the round. The money raised will be used for building out Japer’s core product, improving customer experience, and bringing the company’s technology to more apps.

Jasper, the USA, was founded by Dave Rogenmoser, John Philip Morgan, and Chris Hull in 2017.  Jasper uses AI to write proven, high-converting copy for increased conversions and higher ROI. As well as it instantly generates high-quality copy for ads, emails, websites, listings, blogs, and more. “To build a market-leading company in generative AI we need the appropriate infrastructure — that’s what we’ll raise [new] capital for. We want to build a world-class business, [and] to do that we need capital and highly strategic partners,” Dave Rogenmoser, co-founder and CEO of Jasper.

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