Pie, a New York startup founded by Square and Toast veterans, has raised a $19.5M Series A led by Lightspeed to help small businesses stay discoverable as customer search shifts from Google to AI chatbots like ChatGPT and Perplexity. The platform offers three products: AI Search optimization for chatbot recommendations, a Growth tool targeting high-intent channels like Google Maps and Yelp, and a newly launched AI receptionist called Front Desk that handles calls and bookings 24/7. Priced at around $359/month — far below the $2,500–$5,000 agency alternative — Pie claims customers see 15–20% year-on-year sales growth. The company competes in the emerging generative engine optimization (GEO) space alongside rivals like Peec AI.
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Trustpilot has partnered with Shopify to let merchants embed and manage Trustpilot reviews natively inside their online stores, with the integration launching June 29. The deal is driven by a 1,490% surge in click-throughs from AI-powered search engines during Trustpilot's FY25. As AI assistants increasingly handle product discovery and purchases, verified human reviews are becoming critical data for AI recommendations. Trustpilot removed over four million fake reviews last year using ML detection tools. The company posted its first full-year operating profit of $16M on $211M revenue, with shares up 46% year-to-date on AI-search momentum.
Peec AI, a Berlin-based startup founded in 2025, is raising new funding at a $200M pre-money valuation — roughly double its worth eight months ago. The company operates in generative engine optimisation (GEO), tracking how brands appear in AI-generated answers from tools like ChatGPT and Perplexity rather than traditional Google search rankings. Peec reached $10M ARR just 16 months after launch and counts Axel Springer, Chanel, and ElevenLabs among its clients. The key risk is competitive moat: rivals including Semrush are entering the space and moving beyond monitoring to content generation and optimisation, raising questions about whether Peec's dashboard-focused approach justifies its valuation.
Google posted record revenue in Q1 2026 with 22% year-on-year growth and still holds ~90% of global search share, yet faces mounting structural threats. Two landmark AI researchers — Transformer co-author Noam Shazeer and Nobel laureate John Jumper — defected to OpenAI and Anthropic respectively, erasing ~$250B in market cap. ChatGPT hit one billion monthly users, Bing reached the same milestone, and DuckDuckGo installs surged ~70% on iOS after Google's AI-heavy I/O announcement. AI Overviews now appear in half of all searches but correlate with a 34.5% drop in organic click-through rates, and network advertising revenue fell 4%. A US federal court ruled Google illegally maintained its search monopoly; analysts estimate antitrust remedies could cost $15–25B in annual ad revenue. Nearly 60% of Google searches now end without any external click, threatening the open web ecosystem Google's ad model depends on.