Paraphrasing Tool QuillBot Raises Over $4 Million In Seed Funding

Paraphrasing Tool QuillBot Raises Over $4 Million In Seed Funding

by NeoTech Post

QuillBot, an AI writing collaborator that rewrites full paragraphs and refines content, raised over $4 million in a seed funding round.

GSV Ventures and Sierra Ventures co-led the funding round with participation from Service Provider Capital.

The company plans to use the new funds to integrate intelligent new capabilities to its platform. For example, QuillBot will add a summarizer that quickly obtains the most relevant information from an article or online source; additionally, content generation will tap into QuillBot’s understanding of user intent to suggest ways to clearly complete sentences. 

Founded in 2017 by three computer science students with deep expertise in natural language processing (NLP), QuillBot is a complete writing solution driven by sophisticated AI paraphrasing technology. QuillBot uses natural language understanding to reconstruct the user’s content to improve the clarity of the intended message. QuillBot’s extensive user base trains the algorithm for continuous improvement as the AI learns with the human.

According to the company, more than a million people worldwide use QuillBot. Over 60% of current users are non-native speakers. Many are college students who write extensively in a language that’s not their first. Others are among millions of non-native professionals who communicate about complex topics every day, all while navigating the nuances of the English language. 

QuillBot aims to reduce stress and time spent perfecting written content to help level the linguistic playing field.

“Our vision for QuillBot has always been to make writing easier, so that people can spend more time focusing on what they should write instead of how they should write it,” said Rohan Gupta, Co-founder and CEO of QuillBot. “We’re already helping a network of more than a million people write at a high level, many of whom would not otherwise have the option. This funding will allow us to expand our global reach and impact as we take our holistic approach to AI-driven collaborative writing to the next level.”

Image by Free-Photos from Pixabay