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Stock impact report

Exclusive: Profound raises $35M as Sequoia backs its ambitious bid to become the Salesforce of AI search [Fortune]

MongoDB, Inc. - Class A (MDB) 
Last mongodb, inc. - class a earnings: 3/17 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.mongodb.com/investor-relations
Company Research Source: Fortune
Profound, which claims it was the first to stake out this post-SEO space, today announced a $35 million Series B funding round led by Sequoia, with continued backing from venture capital firms Kleiner Perkins, Khosla Ventures, Saga VC, and South Park Commons. The new round brings its total funding to $58.5 million. Since launching less than a year ago, the New York City-based company has signed Fortune 10 clients and hundreds more, though it could publicly name only a few, including Ramp, US Bank, Indeed, MongoDB, DocuSign , and Chime. Profound says 2,000 marketers from over 500 organizations now use its platform daily as brands race to secure their place in the AI-first internet. And the race is heating up: according to the Wall Street Journal , AI-powered chatbots now account for more than 5% of U.S. desktop search traffic—up from just 1.3% in early 2024. Sequoia partner Anas Biad told Fortune the firm's big bet is on cofounders James Cadwallader, a serial marketing entrepreneur Show less Read more
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