About Character.ai
Character.ai is a company based in Menlo Park (United States) founded in 2021.. Character.ai has raised $193 million across 2 funding rounds from investors including Andreessen Horowitz, Nat Friedman and Elad Gil. Character.ai operates in a competitive market with competitors including Krutrim, Voiceitt, Replika, Mindtrip and Fin., among others.
- Headquarter Menlo Park, United States
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$193 M (USD)
in 2 rounds
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Latest Funding Round
$150 M (USD), Series A
Mar 23, 2023
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Investors
Andreessen Horowitz
& 4 more
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Employee Count
Employee Count
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Funding Insights of Character.ai
Character.ai has successfully raised a total of $193M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $150 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $150.0M
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First Round
First Round
(01 Dec 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Character.ai | Valuation | a16z | |
| Dec, 2021 | Amount | Seed - Character.ai | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Character.ai
Character.ai has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Andreessen Horowitz, Nat Friedman and Elad Gil. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by A.Capital Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Character.ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Character.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Character.Ai Comparisons
Competitors of Character.ai
Character.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Krutrim, Voiceitt, Replika, Mindtrip and Fin., among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI tools and infrastructure are developed for generative applications.
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| domain | founded_year | HQ Location |
Virtual assistant tool for speech disabilities is developed and offered.
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| domain | founded_year | HQ Location |
An AI companion is developed for emotional support and conversation.
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| domain | founded_year | HQ Location |
Trips are discovered, planned, and booked through an AI-powered platform.
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| domain | founded_year | HQ Location |
Provider of a virtual assistant for assisting users in everyday tasks
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Character.Ai
Frequently Asked Questions about Character.ai
When was Character.ai founded?
Character.ai was founded in 2021.
Where is Character.ai located?
Character.ai is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Character.ai?
Karandeep Anand is the current CEO of Character.ai.
Is Character.ai a funded company?
Character.ai is a funded company, having raised a total of $193M across 2 funding rounds to date. The company's 1st funding round was a Seed of $43M, raised on Dec 01, 2021.
What does Character.ai do?
Character.ai was founded in 2021 and is headquartered in Menlo Park, United States. Operations focus on the AI sector, where neural language models and dialog agents are developed using proprietary technology. Tools are offered for imagination, brainstorming, language learning, and related applications. Users are enabled to engage with conversational AI for diverse purposes.
Who are the top competitors of Character.ai?
Who are Character.ai's investors?
Character.ai has 5 investors. Key investors include Andreessen Horowitz, Nat Friedman, Elad Gil, SV Angel, and A.Capital.
What is Character.ai's valuation?
The valuation of Character.ai is $1B as of Mar 2023.
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