News of the Day |
GPTZero, an AI startup founded by Edward Tian and Alex Cui, has achieved profitability within 18 months, generating millions in revenue. Specializing in detecting AI-generated content, the company recently secured a $10 million preemptive Series A round led by Footwork's Nikhil Basu Trivedi. Since its launch in January 2023, GPTZero has grown its user base from 1 million to 4 million, with a 500% increase in annual recurring revenue. The company stands out for its accuracy in AI detection, backed by proprietary data and advanced language models, and serves a diverse customer base including educators, government agencies, and AI training data labelers. With a valuation around $50 million pre-money, GPTZero aims to create an accountable internet by developing AI hallucination detection technology. |
|
If you have tweets you want to submit to be featured here (from you or someone you like), then reply to this email with a link to them! |
 |
Peter Walker @PeterJ_Walker
|
 |
|
|
|
Current advice is raise only what you need in a seed round.
But the data is pretty clear that companies that raised a small seed (here defined as anything $2M or less) graduated to Series A far less often.
Grad rates here are percent that got to A within 2 years so doesn't… x.com/i/web/status/1…
|
 |
| |
Jun 12, 2024 |
| |
|
| |
147 Likes 15 Retweets 27 Replies |
|
|
Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. |
| |
| Sponsored Content |
|
|
Chart of the Day |
|
|
|
Are you looking to grow your business? Here is how I can help: |
📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more. |
📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.) |
📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet. |
💸 Promote your product or service to 100,000+ entrepreneurs. |
🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day. |
|
Onwards and Upwards, |
|
Liam Gill |
|
|
