There’s a growing appetite for alternative search engines. At least, that’s the crux of the argument Richard Socher, the former chief scientist at Salesforce, likes to make. In 2020, Socher co-founded You, a search engine that uses AI to understand search queries, rank the results and parse the queries into different languages (including programming languages). You summarizes information from across the web and offers built-in apps, like search tools for Twitter, that allow users to complete tasks without having to leave the results page.
It seems there’s some truth to his words. Socher claims that You has hundreds of thousands of users, with 70% growth in sign-ups last month and 30% growth in unique searches month over month. While that pales in comparison to the world’s most popular search engines (i.e., Google, Bing), which have hundreds of millions of users, Socher draws attention to You’s retention rate. Fifty percent of people who set You as their default search engine continue to use it after the fact.
The numbers are to investors’ liking. Today, You closed a $25 million funding round led by Radical Ventures with participation from Salesforce CEO Marc Benioff’s Time Ventures, Breyer Capital, Norwest Venture Partners and Day One Ventures. It brings the startup’s total raised to $45 million, which Socher said will be put toward developing “premium features” and collaborating with outside developers to “show more useful actionable apps” in You’s search results page.
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Read Full Story: https://techcrunch.com/2022/07/14/you-com-raises-25m-to-fuel-its-ai-powered-search-engine/
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