Quora Raises $75M In Funding From Andreessen Horowitz

Quora, the popular question-and-answer platform, has secured $75 million in funding from venture capital firm Andreessen Horowitz. This marks Quora's first fundraising in nearly seven years. The funds will primarily be used to fuel the growth of Poe, Quora's AI chat platform. Specifically, Quora aims to develop a subset of the creator economy around AI chatbots. As part of this effort, Quora will offer financial compensation to talented developers who create bots or prompts on the platform. With a current valuation of $500 million, Quora plans to attract more developers to Poe through its creator monetization program.

Summary of transaction details

• Company: Quora
• Investor: Andreessen Horowitz
• Amount: $75,000,000
• Valuation: $500,000,000

Quora has recently reported its highest usage week ever, with over 400 million monthly unique visitors. Meanwhile, Poe, the AI chat platform, has experienced significant growth, boasting more than 1.22 million monthly active users and over 1 million bots created on the platform. The collaboration between Quora and Andreessen Horowitz highlights the potential of AI chatbots in the creator economy and demonstrates Quora's commitment to expanding its reach and offering new opportunities for developers.