AI search startup Exa Labs completes $250 million new round of financing, led by a16z

According to Bloomberg, AI search startup Exa Labs has completed a new round of financing of $250 million, led by a16z, with a post-investment valuation rising to $2.2 billion.

The company focuses on building the infrastructure for search engines in the AI era. After this round of financing, its valuation has increased more than three times compared to about $700 million last fall. Industry insiders believe that with the accelerated popularization of artificial intelligence, the traditional search industry landscape dominated by Google may undergo a reshaping.