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☆ Sequoia-backed security startup Vanta will see its valuation soar past $2 billion in new funding round, sources say
  + stars: | 2024-06-20 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com   time to read: +1 min
It will be valued at more than $2 billion in a new funding round, Business Insider has learned. AdvertisementVanta, a startup that helps companies comply with security standards, is set to be valued at more than $2 billion in a new insider funding round, multiple sources told Business Insider. Vanta was last valued at $1.6 billion in a 2022 funding round led by Craft Ventures on October 12, 2022, according to Forbes. CrowdStrike Holdings, Atlassian Ventures, HubSpot Ventures, Workday Ventures, Acrew Capital, Pioneer Fund, ASDF Ventures, Zag Capital, Sequoia Capital, Frontline Ventures, Y Combinator and LAUNCH Fund also participated in the last round. This story is available exclusively to Business Insider subscribers.
Persons: —, Vanta Organizations: Sequoia, Craft Ventures, Service, Business, Forbes, CrowdStrike Holdings, Atlassian Ventures, HubSpot Ventures, Acrew, Pioneer Fund, ASDF Ventures, Zag, Sequoia Capital, Frontline Ventures Locations: Acrew Capital
☆ Here's how generative-AI startup Jasper raised $125 million in Series A funding from Insight Partners and became a unicorn
  + stars: | 2022-10-18 | by ( Stephanie Palazzolo | Emilia David | ) www.businessinsider.com   time to read: +3 min
Jasper uses artificial intelligence to create content from marketing copy and blog posts to images. The Texas startup has raised $125 million in Series A funding, led by Insight Partners. The startup runs on GPT-3, an AI model from its fellow generative-AI company OpenAI. For instance, in addition to online blog posts and marketing content, Jasper can feed user-generated content back into the model to refine its output over time. The startup also trains its model on content that users "favorite" or copy onto clipboards to improve quality.
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