iAsk, an AI Answer Engine built for Gen Z, announced it has raised $4.2 million in seed funding led by Corazon Capital, with participation from Chingona Ventures, Starting Line VC, Alumni Ventures, Listen VC, Motivate VC, Octava Singapore, Chicago Early Growth Ventures, and several prominent angel investors. Along with this round, iAsk also revealed that it has successfully processed over 350 million search queries since launching last year. Plus, iAsk soft-launched its API for businesses and developers, which already has a waitlist of over 7,000 unique potential customers.
iAsk currently receives up to 1.5 million searches per day, with strong interest from Gen Z users seeking convenient, accurate answers to their questions. And since the company launched, it has processed 350 million searches on the platform and is on pace to exceed half a billion searches by the end of 2024.
iAsk helps users to ask questions in natural language and receive detailed and accurate responses instantly. And engaging state-of-the-art AI known as transformer neural networks, it reports top scores for accuracy on various gold-standard academic benchmarks, delivering consistently better results than ChatGPT, Google’s Gemini, Claude.ai, and all other AI models.
KEY QUOTES:
“The increasing popularity of AI chatbots has led to more consumers using these chatbots for search, even though chatbots are not trained to quickly and accurately search the web and are often years outdated. It only takes a couple of incorrect answers for a user to lose trust, which is why we have focused our efforts on accuracy so that users can harness AI for faster, more accurate answers to their questions from authoritative sources, without all the back-and-forth interactions that chatbots require.”
-Dominik Mazur, iAsk Co-founder and CEO
“The recent DOJ ruling means that companies can once again start innovating in the search realm and build better experiences with consumers—not advertisers—at the center. We expect this to lead to a vibrant ecosystem in search, with users ultimately benefiting and receiving increased value from search.”
-iAsk Chief Technology Officer and Co-founder Brad Folkens
