Clipto has raised $15 million in an all-equity round at a $250 million post-money valuation as the San Francisco-headquartered startup expands its on-device AI search across videos, audio, images, meetings and documents. The round included HSG, formerly Sequoia China, GL Ventures, EnvisionX Capital, Palm Drive Capital, Hans Tung, Lu Zhang and 522 Ventures. Founded in 2023 by Henry Kang and members of his previous startup's founding team, Clipto says more than 30 million people have used its products and that it has hundreds of thousands of paying subscribers. The company reached $15 million in annual recurring revenue at the beginning of 2026 and remains profitable on a net-income basis, Kang said. Clipto initially targeted video creators but says they now represent about one-quarter to one-third of users, with lawyers, doctors, researchers, marketers, human-resources professionals, professors and students making up the rest. Its software processes files locally, and its recent Model Context Protocol support lets users authorize AI applications such as ChatGPT and Claude to retrieve specified information. The funding will support AI models, consumer-hardware computing infrastructure and integrations with more AI agents.