Tech Company Financing Transactions
Character.AI Funding Round
Character.AI, based in Menlo Park, scored $150 million from Andreessen Horowitz, A.Capital Ventures and Elad Gil.
Transaction Overview
Company Name
Announced On
3/23/2023
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Series A
Investors
Andreessen Horowitz (Lead Investor) (Sarah Wang)
private investors (Nat Friedman)
Proceeds Purpose
The funds raised allow Character.AI to continue its significant growth trajectory by expanding its compute abilities resulting in a more sophisticated model with advanced reasoning and greater accuracy, delivering new features and capabilities to users, and expanding its engineering team.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Number 1152, 700 El Camino Real 120
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Undisclosed
Website
Email Address
Overview
Developer of open-ended conversational applications designed to build dialog agents with a long tail of applications spanning entertainment, education, general question-answering, and others. The company specializes in neural language models, useful tools for imagination, brainstorming, language learning, and a host of other purposes, enabling users with dialog agents that are powered by proprietary technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Noam Shazeer
Co-Founder
Daniel Adiwardana
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Where The Data Comes From
We do our best to document funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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