The Vancouver-based firm said Spark Capital led the round. Existing investors, including Torch Capital and Altman Capital—a firm founded by Jack Altman, brother of OpenAI CEO Sam Altman—also participated. (The Logic)
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The Vancouver-based firm said Spark Capital led the round. Existing investors, including Torch Capital and Altman Capital—a firm founded by Jack Altman, brother of OpenAI CEO Sam Altman—also participated. (The Logic)
Talking point: Durable plans to use the money to hire more staff and build on its artificial intelligence capabilities. The firm claims that its AI-powered website builder can create a site in 30 seconds. It also offers a platform for business management. The company says it has built six million websites in less than a year and more than a million businesses use its platform. Durable previously raised a US$6.25-million seed round in March 2022 led by Altman Capital, according to PitchBook.
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