Copy.ai is a GPT-3–powered platform that generates copywriting tools for business customers, producing outputs like blog outlines, ad link descriptions, and company mottos. Its core product is a subscription service priced at $35 per month and includes features such as Editor for organizing and editing ideas; the company is building long-form content tools and a teams product that personalizes output as the AI learns about a business. The company grew from three employees to 13 and operates as a fully remote team. Copy.ai is not yet profitable but reached $2.4 million in annual recurring revenue. It has over 300,000 marketers using its tools, more than 250,000 free-trial signups since the seed round, and over 5,000 premium customers. Management says the company will use new capital to hire additional engineers and expand product features while continuing to improve text quality and the core app experience. Copy.ai offers AI-powered tools that generate multiple text options for business writing use cases such as blogs, product descriptions and headlines, with a human-in-the-loop editor choosing and refining results. The product was built from earlier experiments (taglines.ai, Simplify.so and a slackbot) and leaned on Twitter for distribution and building in public. The company reports monthly recurring revenue (MRR) of $53,600 (up 46% from January), implying ARR of $643,200. Copy.ai uses OpenAI’s GPT-3 as the underlying model and is part of a cohort of startups building atop that technology. The founders monetized after early traction—2,000 sign-ups in the first two days after its October 2020 release—and have expanded the concept to multiple writing scenarios. The startup shares usage and social metrics publicly as part of its growth approach.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2021