Keep pulling the thread on Paul.
Browserbase announced its Series B fundraising round, which was led by Notable Capital, resulting in Glenn Solomon joining the company's board of directors.
Browserbase raised a $40 million Series B, bringing its total funding to $67.5 million.
Browserbase is launching a new product called director.ai, an agent builder that allows users to create browser automations using natural language.
Notable angel investors in Browserbase include Jeff Lawson (founder of Twilio), Guillermo Rauch (founder of Vercel), and Patrick Collison (founder of Stripe).
Browserbase's investors include venture capital firms Kleiner Perkins, CRV, and Base Case Capital.
Browserbase's strategy is to become a category-defining company for "browser infrastructure," similar to how Vercel, Twilio, and Stripe defined their respective categories.
Browserbase has surpassed 1,000 customers with a team of 25 people.
Approximately 15% of Browserbase's new customer signups are attributed to recommendations from AI models like ChatGPT.
Paul believes that vertical AI companies like Decagon, Sierra, and Harvey are performing well and will not be entirely displaced by large horizontal platforms like ChatGPT Enterprise.
Paul identifies user authentication as the biggest technical obstacle preventing AI agents from reliably and securely browsing the web.
Paul predicts that some form of AI regulation will become US federal law this year, likely focusing on areas like deepfakes rather than banning models based on parameter size.
Browserbase intentionally does not employ product managers (PMs); instead, engineers are responsible for driving product requirements directly from customer needs.