Confusion, an AI-powered search startup that competes with Google by providing conversational answers to user queries, has received $200 million in new capital, with a valuation of $20 billion, Reported information. The new funding came two months after the company raised $100 million to value it at $18 billion. Bloomberg’s July report.
The rapidly growing AI company has raised $1.5 billion in total since its inception three years ago, according to PitchBook Data. It is not clear who led the confusing latest capital injection. Bloomberg reported that the July financing was an extension of the first $500 million round completed earlier this year at a $14 billion valuation, a deal that was reached several months ago, a deal led by Accel.
Sources familiar with the company said the confused annual recurring revenue (ARR) was close to $200 million. Last month, the confused communications head told business insiders that the company’s ARR was More than $150 million.
Confused did not immediately respond to a request for comment.
This funding is a confusing position, a challenger to Google’s search dominance. In August, people offered confusion about buying Google’s Chrome browser $34.5 billion. The proposal was brought in by the Justice Department, claiming that Google is anti-competitive and proposed the company Sell its web browser. But earlier this month, a federal judge ruled that Google would No need to break up Its search business effectively allows search giants to retain chromium.
