California’s Genspark Enters AI Unicorn Club with $200 Million Round
Fresh funding sets the stage for the AI agent startup to expand its global footprint and enterprise reach.
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Genspark, a California-based AI agent startup, has raised more than $200 million in its latest round, pushing its valuation past $1 billion and marking its entry into the global AI unicorn club.
The funding round saw participation from LG Technology Ventures and Japan’s SBI Investment, Bloomberg reported, citing co-founder Wen Sang.
Wen Sang did not name the other investors, though Tencent Holdings Ltd and Hongshan Capital have been in talks to join the funding, the Information reported.
The full lineup of investors will reportedly be disclosed at a company event in San Francisco on November 20.
Sang said the company, which initially launched its AI agent service targeting individual users with a $25 monthly fee, recently set up offices in Singapore and Japan as part of a global expansion.
It plans to use the fresh capital to accelerate product development, global expansion, and the rollout of its enterprise-focused AI agent platform.
