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Jasper Series ADeal Information
Company: Jasper
Round: Series A
Amount: $125M
Valuation: $1.5B
Date: October 2022
Investors: Insight Partners, Coatue
Sector: Ai
I need someone to explain the math on Jasper raising $125M at $1.5B because I've tried three times and it doesn't work. Insight Partners, Coatue are funding what they're calling ai writer's twilight, which sounds innovative until you realize it's been tried approximately seventeen times before with identical results: failure. The Series A pricing assumes growth rates that would require the company to violate several laws of physics. The ai market has room for maybe two winners, and Jasper is currently positioned to be the fourth or fifth loser. Someone should check if the investors' calculators are broken.
VERDICT: AI Writer's Twilight valued at $1.5B—either visionary timing or expensive optimism.
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