Consensus, a Boston, MA-based a provider of an AI-powered search engine for scientific research, raised $11.5M in Series A funding.
The round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by a group of other investors including Perplexity lead investors Nat Friedman and Daniel Gross, and previous Seed investors Draper Associates, Kevin Carter, Path Ventures and Alumni Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded by Eric Olson, and Christian Salem, Consensus is building an AI-powered search engine designed specifically for scientific research papers. Since launching their AI search engine in the Winter of 2022, the engine has grown to over 400,000 monthly active users and nearly $2M in annualized revenue, growing the latter by over 600% in 2024 alone. The users of Consensus come primarily from the likes of academia, healthcare and the biosciences. However the product reaches wider audiences as well including finance, journalism and everyday consumers often looking for personal health information.
Users use Consensus today to empower their literature reviews in their studies, find scientific citations for work presentations and even to fact check their friends.
FinSMEs
14/08/2024