Copy.ai, a Memphis, Tennessee-based GPT-3 AI-powered platform that generates copywriting tools for business customers, secured $11 Million in Series A.
The round was led by Wing Venture Capital, with participation from existing investors Craft Ventures and Sequoia, and new investors including Tiger Global and Elad Gil.
The company will be investing the new capital into hiring, to expand the team and hire more engineers to provide capacity for new product features.
Company: CopyAI, Inc.
Raised: $11.0M
Round: Series A
Funding Month: October 2021
Lead investors: Wing Venture Capital
Additional Investors: Craft Ventures, Sequoia, Tiger Global, and Elad Gil
Company Website: https://www.copy.ai/
Software Category: AI-powered digital ad and marketing copy
About the Company: Copy.ai is an outstanding service company that leverages artificial intelligence to make copywriting easy by essentially writing your copy for you. Copy.ai is an AI-powered content writing tool that helps people write better content. It helps you generate written content within seconds and makes your draft look as authentic as possible. It is an excellent tool that will help you create content to market yourself and your business. Copy.ai already has over 300,000 marketers using its tools, like eBay, Nestlé, and Ogilvy. Over 250,000 have signed up for a free trial since the seed round and it has more than 5,000 premium customers.
Source: https://techcrunch.com/2021/10/14/writing-helper-copy-ai-closes-on-its-second-funding-round-this-year/