AI workplace agents startup Genspark raised a $275M Series B at a $1.25B valuation and says it hit $50M in annualized revenue after pivoting from AI search (Anna Tong/Forbes)

• Genspark has raised $275 million in Series B funding, reaching a valuation of $1.25 billion and reporting $50 million in annualized revenue after shifting from AI search to workplace agents.
• This funding marks a significant milestone for Genspark, positioning it as a strong competitor in the AI workspace sector against major players like Microsoft and Google.
• The success of Genspark reflects a growing trend in the AI industry, where startups are increasingly pivoting to meet market demands and automate workplace processes, similar to other recent funding successes in the sector.

— via World Pulse Now AI Editorial System