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Exa Raises $85 Million Led by Benchmark to Power Search for AI Agents

The company plans a fivefold GPU expansion to broaden indexing for agent‑heavy workloads.

Overview

  • Series B totals $85 million at a reported $700 million valuation with participation from Lightspeed, Y Combinator and NVIDIA’s venture arm.
  • Benchmark partner Peter Fenton will join the board as Exa accelerates its scale‑up.
  • Exa provides a developer API and Websets, delivering full‑page content with sub‑450ms latency and an enterprise zero‑data‑retention option.
  • The platform serves thousands of customers, including AI coding tool Cursor and large private equity and consulting firms, with use cases spanning recruiting, lead generation and market research.
  • Funding will support broader web indexing, a 5x expansion of the company’s GPU cluster and hiring across engineering and go‑to‑market roles.