Quora Secures $75M Funding to Expand AI Chat Platform, Poe

The funding, led by Andreessen Horowitz, will be used to accelerate Poe's growth and pay bot creators through a newly-launched monetization program.

Quora has raised $75 million in funding from Andreessen Horowitz to accelerate the growth of its AI chat platform, Poe.
Poe allows users to create their own chatbots and monetize them, with a paid tier costing $20 per month.
Quora's CEO, Adam D'Angelo, sees Poe's role in AI as similar to the web browser's function during the internet's early development.
The funding will primarily be used to pay bot creators through a newly-launched creator monetization program.
Quora's valuation has dropped from $1.8 billion in 2017 to $500 million with this latest funding round.