Rap Genius Raises $40M Led By Dan Gilbert, Changes Named To Genius, Launches Embeddable Annotations

TechCrunch

Rap Genius made three big moves today to further its mission to annotate the world. The founders tell me it raised a $40 million Series B led by Dan Gilbert and joined by previous investor Andreessen Horowitz at a valuation under $1 billion. It’s changed its name to Genius.com, the founders tell me And it’s launching embeddable annotations so any website can hover over text and see explanations and background info on what that text means. You can see a demo run of the embeds on Business Insider’s deep dive into the company.

Genius’ big new investor Gilbert is the founder and chairman of Rock Ventures and Quicken Loans, plus the majority owner of the NBA’s Cleveland Cavaliers. The new funding brings it to $56.8 million in total, which it plans to spend hiring engineers, designers, and community leaders. The new Genius name will make it more accessible and intelligble…

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