Genspark, a California-based AI agent startup, has raised over US$200 million in a series B round with participation from LG Technology Ventures and Japan’s SBI Investment.

The funding brings its valuation to over US$1 billion, making it the latest AI unicorn.

The company has recently opened offices in Singapore and Japan as it expands internationally.

Co-founder Wen Sang said other investors are involved but did not disclose names.

Genspark began by offering an AI agent service for individuals at US$25 per month and now plans to launch a product for businesses.

Details of the funding and new business plans will be announced at a San Francisco event on November 20.

Tencent and Hongshan Capital have been reported as possible participants, but their involvement has not been confirmed.

🔗 Source: Bloomberg