Genspark Raises Series B Funding to $385 Million, Valuation Reaches $1.6 Billion

AI agent platform Genspark has expanded its Series B funding round, raising a total of $385 million. As a result, the company is now valued at approximately $1.6 billion.

Focus on Multi-Agent AI Workspace

Genspark develops an AI workspace that uses multiple agents to complete tasks from user prompts. For instance, the platform can draft presentations, organise information, and even make calls through voice-based interaction.

This approach aims to reduce manual effort. Moreover, it allows users to handle different workflows within a single system.

User Growth and Platform Adoption

The company has reported steady growth in user activity. In particular, monthly visits in Japan reached 15 million in January.

In addition, Genspark ranked No. 47 in the web category of Andreessen Horowitz’s “Top 50 Gen AI Apps” list. This ranking reflects its growing presence in the generative AI space.

Revenue and Expansion Plans

As of March 2026, Genspark’s annual recurring revenue stood at around $200 million. Therefore, the company appears to be building a consistent revenue base alongside user growth.

Looking ahead, Genspark has started rolling out enterprise-focused products. This move suggests a shift towards serving business clients as it continues to scale.

Founders and Background

Genspark was founded by Jing Kun and Zhu Kaihua, both former executives at Baidu. Their experience in AI and large-scale platforms has shaped the company’s current direction.