SpeedyBrand, a San Francisco, CA-based startup that provides generative AI-powered marketing content for SMBs, raised $2.5 million in funding.
The round was led by GV (Google's venture arm) and Y Combinator. The funding values the company at $15 million post-money.
With the new funding, SpeedyBrand plans to introduce additional tools for text and image generation. SpeedyBrand aims to provide affordable and high-quality SEO content to small- and medium-sized businesses (SMBs) using generative AI.
The platform allows brands to generate custom SEO-optimized content, including websites and social media posts, by selecting a topic and utilizing the generative AI to suggest text and images. The content can be edited and customized before being published, and an analytics component enables performance tracking.
“Speedy saves a company’s marketing workforce hours of marketing hustle—from strategy to content generation and then posting,” Ranti Dev Sharma, Co-founder of SpeedyBrand, said. “Speedy gives them and their team hours back every day so they can focus on the core of their business.”
Company: SpeedyBrand, Inc.
Raised: $2.5M
Round: Unknown
Funding Month: July 2023
Lead Investors: GV (Google's venture arm) and Y Combinator
Additional Investors:
Company Website: https://speedybrand.io/
Software Category: AI-powered Content Marketing
About the Company: Founded by Ranti Dev Sharma, Jatin Mehta, and Ayush Jasuja, SpeedyBrand is a marketing platform designed to offer small business owners affordable and effective digital marketing alternatives. SpeedyBrand provides an AI and SaaS-based content creation solutions provider for social media and blog content. SpeedyBrand’s platform, powered by generative AI, can create custom SEO-optimized content—including websites and social media posts—for brands. The company currently has 50 paying customers, over 1,000 users, and an annual recurring revenue of $100,000.
Source: https://techcrunch.com/2023/07/07/speedybrand-generative-ai-marketing/