Exa Labs raises $250 million in funding, raising valuation to $2.2 billion

Exa Labs announced the completion of a new round of funding of $250 million, with a post investment valuation of $2.2 billion, led by Andreessen Horowitz (a16z). The company focuses on building search engine infrastructure for the AI era, and its valuation after this round of financing has increased by more than three times compared to last autumn's level of about $700 million.