Toronto-based ContentFly, which affords an on-demand content material creation platform, has closed an $11.2 million CAD ($9 million USD) Series A round of funding.
The increase was led by Khosla Ventures, with participation from Y Combinator (YC), Global Founders Capital, and various extra buyers, together with Alex Norman, who’s a companion at N49P Ventures and co-founder and managing director of TechToronto.
“We firmly imagine the way forward for content material is in enabling nice writers with nice AI.”
ContentFly CEO Naeem Talukdar instructed BetaKit a number of of the buyers on this round joined by easy agreements for future fairness (SAFEs), together with YC, and stated this round represents the primary round of funding for the startup.
Founded in 2018, ContentFly’s platform is aimed to assist companies create content material. Users can create weblog posts, social posts, and e mail copy. Using the platform, companies add a short in regards to the content material they need to be written, in addition to the specified phrase size. The platform takes just a few days of researching to match the enterprise with a author. A author will then craft the copy and revisions could be made freed from cost. The firm claims it has already helped greater than 2,000 companies scale content material creation and join with over 1,000 writers.
ContentFly is one in every of 13 Canadian startups that participated in YC’s 2021 Winter Batch.
The new funding will likely be utilized by the startup to double down on its AI capabilities, develop its group of content material writers, and develop its platform.
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“A lot of merchandise lately are attempting to exchange writers with AI,” Talukdar instructed BetaKit in an emailed assertion. “We firmly imagine the way forward for content material is in enabling nice writers with nice AI. Our funding will permit us to develop our market of gifted content material writers, construct a collection of innovative AI instruments to equip them with, and develop our platform to be an all-in-one suite for any firm that wishes to do nice content material advertising and marketing.”
In a current weblog submit on the Series A round, Talukdar wrote the startup plans to permit manufacturers to mix ContentFly’s market with AI, to decrease content material creation prices, enhance efficiencies, and create higher content material. The weblog highlighted GTP-3, a language mannequin that makes use of deep studying to supply human-like textual content, as one of many varieties of AI it deliberate to make use of.
Another precedence for ContentFly is to offer end-to-end, built-in content material advertising and marketing to customers. The firm stated it plans to supply an “all-in-one platform for content material advertising and marketing,” which might permit companies to construct, handle and scale their content material advertising and marketing packages.
Image supply Unsplash. Photo by Nick Morrison.
