Quora runs a long-standing Q&A site and has launched Poe, an AI chat platform that aggregates models including ChatGPT, DALL·E 3, Claude 2, Stable Diffusion and Llama. Poe lets creators build and publish chatbots and prompts, and Quora launched a creator monetization program in October to pay bot and prompt makers. The company says the majority of the new funding will be used to compensate creators and accelerate Poe’s growth. Quora reported its highest-usage week ever and the broader Quora site has over 400 million monthly unique visitors. Poe’s mobile app saw more than 250,000 downloads in its first public month, grew to over 18.4 million installs through October, and reached nearly 1.22 million monthly active users. Quora also stated that, excluding Poe, the core site is cash-flow positive. Quora operates a question-and-answer platform that aggregates first‑hand, subjective knowledge and expert opinions. The company has scaled rapidly to about 190 million monthly users, up from 100 million a year earlier. Quora has begun monetizing via an ads product (showing a business name and description beneath related questions) that is currently in closed beta and delivering promising early results. Historically the company prioritized its user mission over monetization, but recent ad performance has attracted investor interest. Management says the new funding will be used to push internationalization — native language wings are live in Spanish, French is in beta, and German and Italian are planned. The company’s valuation is roughly $1.8 billion following the raise, and total capital raised to date is $226 million. Quora operates a Q&A site that lets people ask or answer any question and vote answers up or down to surface the best content. The company reports that 40% of its traffic comes from mobile and that roughly 30% of traffic has direct intent; internal estimates suggest public trackers significantly underestimate its audience. Quora grew 3x across metrics from May 2012 to May 2013, and traffic estimates in the article imply a broad monthly user range when adjusted for undercounting and mobile. Management says the business model will most likely be ad-based, though it will experiment. Quora planned to use new funding mainly as a financial cushion and to invest in product improvements, internationalization (including translations), infrastructure, spam prevention, relevancy-filtered feeds, and hiring beyond its then-current headcount of 70. The company emphasizes long-term independence to keep content available and trustworthy for contributors. Quora is a question-and-answer platform co-founded by Adam D'Angelo and Charlie Cheever. The site has diversified its content beyond tech into areas like food, entertainment, politics and film. Quora reports 250,000 topics, up from about 70,000 a year earlier, though the company is quiet on active-user counts. It recently launched an Android app and is redesigning topic pages to surface higher-quality, relevant questions and answers instead of a pure chronological feed. Quora is also adding a universal trending topics sidebar (with potential future personalization) to make topical content more timely and to encourage content creation around buzzworthy events. Quora is a question-and-answer service created by ex-Facebook employees Adam D’Angelo and Charlie Cheever that aims to capture expert knowledge and make it broadly accessible. It launched in private beta on January 4, 2010 and is invite-only, with a focus on high signal-to-noise content. The product emphasizes realtime updates, topic and user following, and pages that surface quality answers and discussions rather than noise. The team describes the project as collecting the long tail of human knowledge—getting the 90% of information that lives in people’s heads onto the web in a useful format. Quora plans a gradual public opening to ensure community management, product policies, and scaling are ready before broad growth. The company has raised funding to hire engineers and designers and to accelerate product and community work; a source pegged the round at $11 million valuing the company at $86 million.

Total raised

$301M

Funding rounds

5

Latest round

Equity

Latest activity

Jan 2024