Bluesky raises $15M Series A, plans to launch subscriptions
Decentralized social app Bluesky announced on Thursday that it has raised a $15 million Series A round, following its $8 million seed raise last year. This funding comes as Bluesky sees increased growth, in part from X users who are troubled by recent changes to the block feature, as well as the move to allow third parties to train AI on users’ public posts. Within the last month alone, Bluesky has added around 3 million new users, bringing its total user base to about 13 million.
Bluesky was initially incubated inside Twitter as former CEO Jack Dorsey’s vision for what the future of social media should look like. But the social network and developer of the open source AT Protocol is no longer affiliated with Dorsey, who left the startup’s board earlier this year. Still, many of the initial goals for Bluesky remain consistent: like Mastodon, Bluesky’s AT Protocol is decentralized, meaning that individual people will be able to set up their own social servers and apps, and people outside of the company have transparency into how and what is being developed.
“With this fundraise, we will continue supporting and growing Bluesky’s community, investing in Trust and Safety, and supporting the ATmosphere developer ecosystem,” Bluesky’s blog announcement reads. “In addition, we will begin developing a subscription model for features like higher quality video uploads or profile customizations like colors and avatar frames.”
