You.com startup raises $50M for AI-assistant market entry, with Series B valuing SuSea Inc at $700-900M.
You.com startup is raising $50 million in fresh capital for its AI-assistant market entry, with a near-finished Series B funding valuing the company behind it, SuSea Inc, at $700-900 million. The move follows ChatGPT's rise and subsequent AI enhancements in search engines like Microsoft's Bing and Google. Despite a year-to-date increase in web traffic, You.com's 11 million users in May were below its 20 million peak in February 2023, and app downloads have decreased 69% in 2024.
June 17, 2024
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