Character.AI, a conversational AI platform based in Palo Alto, California, has raised $150 million in Series A funding. The round was led by Andreessen Horowitz (a16z) with participation from previous investors such as Nat Friedman (former GitHub CEO), Elad Gil, SV Angel, and A Capital. The funding round has brought the company’s valuation to $1 billion. The platform uses large language models and deep learning algorithms to provide users with a personalized AI experience.
The funding will allow Character.AI to expand its computing abilities, resulting in a more sophisticated model with advanced reasoning and greater accuracy. It will also enable the company to deliver new features and capabilities to users while expanding its engineering team. The company is at the forefront of critical conversational AI technology that inspires imagination, discovery, and understanding to help people live their best lives, from making everyday tasks easier to solve complex societal issues.
Co-founder & CEO of Character.ai, Noam Shazeer, expressed his gratitude to the investors for recognizing the remarkable advancements the company is making in AI and the value it can deliver to society and investors. Character.AI’s power lies in its highly-sophisticated language model, which rapidly analyzes and contextualizes large volumes of information to produce useful intelligence tailored to each individual, making it a personalized superintelligence companion that enhances productivity, offers advice, educates, and entertains.
The potential use cases of Character.AI’s conversational AI platform are infinite, and as the company continues to welcome users to experience its productivity and entertainment capabilities, it also invites world-class talent, including developers and engineers, to join its trailblazing team building AI’s premier full-stack technology.
Founded in 2021 by Noam Shazeer and Daniel De Freitas, Character.AI is a conversational artificial intelligence platform that uses large language models and deep learning algorithms to provide individuals with a personalized artificial intelligence experience. Character.AI offers users the ability to create a fully-customizable and personalized AI companion with a distinct personality and values. The platform lets anyone create and engage with Characters, allowing users to build their own, personalized use cases and share them with others.
