ASAPP has raised $120 million in Series C financing. This brings ASAPP's total funding to $400 million and doubles the company's valuation to $1.6 billion from its Series B financing a year ago.

ASAPP welcomed new investors Fidelity Management & Research Company LLC and Dragoneer along with existing investors John Doerr, March Capital, Emergence Capital, Euclidean Capital, HOF Capital, Telstra Ventures and 40 North Ventures.

ASAPP builds AI-Native products to solve large, complex, data-rich problems, by automating and augmenting human workflows, improving efficiency and effectiveness.