Writesonic Like ChatGPT – AI Tool Raises Fund More Than $2 Million

Samanyou Garg, the founder of Writesonic stated that it was an AI-powered content production platform which aims to reach a $1 billion valuation by 2023 due to the company’s reported exponential growth as a result of the success of OpenAI’s ChatGPT chatbot.

He noted that Writesonic is an AI writing and image-generation platform supported by Y-Combinator & had raised $2.5 million.

Garg continues, “We currently have 3 million users, and the company is estimated to be worth about $250 million USD. We just developed ChatSonic for anyone wishing to quickly generate compelling content, following the steps of OpenAI’s ChatGPT. Businesses may easily integrate ChatSonic with their own platform thanks to its API and integration with Google search results”.

According to him, “ChatSonic’s user base has increased by 10X during the past three to four weeks with hundreds of thousands of people using the platform each week. It has produced more than 3 million pieces of material or more than 1 billion words”.

Investors, the backbone of the company include HOF Capital (investors in Uber, Stripe, Alibaba, UiPath, and Klarna), Rebel Fund (which includes the founders of Instacart, Reddit, and Cruise), Soma Capital (investors in Deel, Rippling, etc), Broom Ventures, and Amino Capital (investors in Zoom, etc).