Jasper, based in Austin, Texas, was founded in 2017 by the CEO Dave Rogenmoser and Chief Technology Officer John Phillip Morgan. The company, which was last valued at $1.5 billion in October 2022, is building an array of generative artificial intelligence software accessible to businesses and individual creators alike, enabling them to break through writer's block, create original art, and repackage content for format, language, and tone.
In October 2022, the company raised $140 million in Series A funding led by global software investor Insight Partners and joined by other leading firms including Coatue, Bessemer Venture Partners, and Founders Circle Capital. And in December, the company introduced Jasper Chat, which uses natural language that allows users to request a variety of tasks.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.