Agentic AI startup Genspark has raised $275 million in an oversubscribed Series B round that values the company at $1.25 billion post-money, as investors bet businesses will adopt software that completes work autonomously rather than only chatting with users.
The financing was led by Emergence Capital Partners and included SBI Investment, LG Technology Ventures, Pavilion Capital and UpHonest Capital, Genspark said. Existing backers also participated.
The round follows a $100 million Series A earlier this year that valued Genspark at about $530 million, Reuters reported in February.
It also comes as startups such as Perplexity and You.com, and big-tech groups including Microsoft, Google and OpenAI, push deeper into AI search and workplace tools.
Genspark said it crossed $50 million in annualized run rate within five months of launching its products.
The company did not break out customer numbers, but said usage is rising among enterprise teams that want fewer steps between a request and a board-ready deliverable.
Alongside the funding, the company launched “Genspark AI Workspace,” a suite designed to produce finished business outputs such as presentations, spreadsheets and reports from a single high-level instruction.
The platform routes tasks across more than 30 AI models, including systems from OpenAI, Anthropic and Google, and combines them with in-house tools and data sets, it said.
Chief executive Eric Jing, a former Microsoft Bing executive, said the product aims to cut time spent on routine drafting and analysis. Emergence partner Joe Floyd called the approach “autonomous execution” for enterprises.
Genspark’s “mixture-of-agents” architecture coordinates multiple models to complete multi-step workflows without repeated prompting, reflecting a broader move toward agentic AI as companies look to scale automation beyond pilots.
Many firms are testing similar systems to reduce context switching.
Genspark said it will use the new capital to expand product development and enterprise deployment. Financial terms beyond valuation were not disclosed.