AI copywriters are getting a lot of attention from investors. A couple that have recently raised funding include Copy.ai and Copysmith. Now Scalenut is entering the arena with a $3.1 million funding round led by Saama Capital and Amit Singhal, formerly a senior vice president at Google and head of Google Search.
Launched earlier this year by Mayank Jain, Gaurav Goyal and Saurabh Wadhawan, Scalenut says it has since signed up 100,000 users, primarily SMBs and mid-market sized businesses, grown its revenue 10 times and is now trending at a seven-digit run rate.
About 70% of its paying subscribers are from the United States, United Kingdom and Canada, and the rest are from Asian countries. Its last round of funding was a seed round of $400,000 led by Titan Capital, First Principles VC, AngelList, Abhishek Goyal and other angel investors.
When asked how Scalenut sets itself apart from other AI copywriting startups, Jain said “whilst Copy.ai, Copysmith and quite a few other tools have built a layer over a vanilla integration with [language model] GPT-3, we on the other hand have built a comprehensive content marketing suite that automates the entire content workflow.”
“Our in-house deep learning models and integrations with other NLP providers enable end users to create content that has a much higher chances of ranking on search engines, hence driving organic growth,” he added. “Having said that, we also host one of the highest quality generic copywriting toolkits as well.”
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