Profound raises $180m Series D at $1.8bn valuation
The financing follows a $96m Series C less than seven months earlier.
Sequoia Capital and Kleiner Perkins co-led the round, with Khosla Ventures, Lightspeed, South Park Commons, Evantic and Saga Ventures participating.
Profound will expand its AI products and establish an applied AI lab in New York and San Francisco. Its software tracks brand visibility in AI-generated answers, while marketing agents handle research, writing, reporting and advertising tasks.
The company reports more than 1,000 enterprise customers, including one-third of the Fortune 100.
Use of funds
Expand AI product capabilities and establish an applied AI lab