According to Beating Monitor, AI-powered office startup Genspark has completed a $100 million Series B follow-on funding round, bringing its post-money valuation to $2.6 billion. New investors in this round include existing shareholders Sozo Ventures, UpHonest Capital, and Mirae Asset. This latest funding round has propelled Genspark’s valuation up by 63% in just three months, with total fundraising exceeding $645 million. Genspark was co-founded at the end of 2023 in Silicon Valley by Eric Jing, former Vice President of Baidu and CEO of Xiaodu Technologies; Kay Zhu, former CTO of Xiaodu; and Wen Sang, MIT PhD and founder of Smarking. The founding team is focused on building an AI-native search engine and automated workflows based on a Multi-Agent Collaboration (MoA) architecture to address complex daily tasks faced by enterprise knowledge workers.
Genspark Secures $100M Series B+ Round, Valuation Reaches $2.6B
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Summary
Genspark secures $100 million in project funding, pushing its valuation to $2.6 billion. The B+ round was led by Sozo Ventures, UpHonest Capital, and Mirae Asset. The startup, founded in late 2023 by former Baidu VP Eric Jing and others, now has over $645 million in total funding. Genspark develops a multi-agent collaboration system for enterprise workflows. The digital asset news underscores growing interest in AI-native tools for business automation.
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