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Social Robotics
Archive · 23 March 2023

Character.AI raises 150 million dollars at a one-billion-dollar valuation

Andreessen Horowitz led the round for the chatbot start-up that lets people talk to custom AI characters.

Character.AI, founded in 2021 by former Google engineers Noam Shazeer and Daniel De Freitas, closed a 150-million-dollar round led by Andreessen Horowitz. The 22-person company was reportedly not yet earning revenue but said its site was approaching 100 million visits a month. It planned to spend the money on computing capacity, model development and hiring. The deal showed investors betting heavily on AI personas and companionship, the same appetite that would soon flow into embodied social robots.

Source: CNBC

This archive entry summarises reporting published elsewhere; follow the source link for the full story. The summary was drafted with AI from that reporting.

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