2 minute read | February.23.2024
Jasper, “an AI copilot for marketing teams,” has acquired Paris-based Clipdrop from Stability AI.
Orrick represented Jasper.
Founded in 2021, Jasper is an AI copilot for marketing teams that securely brings on-brand AI-assisted content to all the places teams create. With Jasper, creators at enterprise companies can break through writer's block, generate ideas, repackage writing, create original images and adapt content to different formats and languages.
Jasper has its headquarters in Austin, Texas.
Clipdrop is an image creation and editing platform used by millions of creative designers and brands worldwide. Founded in 2020 by Google alumni Cyril Diagne, Damien Henry, and Jonathan Blanchet, Clipdrop enables users to edit existing images, create new ones, and develop an expansive number of variations in size, detail, and style.
Jasper said the acquisition signifies a significant step forward in Jasper's capacity to deliver the most comprehensive, multimodal copilot for enterprise marketing teams.
"The addition of Clipdrop to Jasper will advance our vision to be the most comprehensive end-to-end marketing copilot in the industry, powering all the formats, channels, and functions enterprise marketing teams need,” Jasper CEO Timothy Young said in a statement.
“A copilot this robust will enable the enterprises we serve to go beyond simple AI prompts to achieve more personalized marketing, better informed automation, and improved optimization across their entire strategy."
The Orrick team that advised Jasper included Mark Seneca, Kyle Zhu, Yuan Tian, Daniel Forester, Jessie Gaston, Maiten Le Brishoual, Matthew E.S. Coleman, Chek-Lhy Luu, Maxence Jonvel, Daniel Patrick Kearney, Alexandra Pawlowski and Julien Beloeil.