At this point, you can almost set your clock by it 鈥 every week there is a huge raise by an AI startup.
This week 鈥 like the last 鈥 the big round created a new unicorn as closed a $150 million Series A at a $1 billion valuation led by . The round had been reported earlier this .
The round also included participation from previous investors, including 鈥 former CEO 鈥 , and A Capital.聽
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The Palo Alto, California-based AI startup allows people to create their own personalized AI chatbot using language models and deep-learning algorithms. The AI-created companions can help users draft emails, serve as a study buddy, brainstorm ideas or a variety of other activities.
Investors just can鈥檛 get enough
Of course, Character.AI is far from the only AI startup this year to raise cash. Despite strong headwinds 鈥 like聽 a drop in venture financing and the collapse of 鈥 VCs and large strategics including , and 1 all continue to show unabated interest in generative AI startups.
The craze started in January with news of Microsoft鈥檚 massive $10 billion investment into 鈥 creator of .
Earlier this month, San Francisco-based AI startup and rival to ChatGPT, , was raising another $300 million round at a pre-investment valuation of $4.1 billion. is reportedly leading the round.
That came just about a month after Anthropic raised between $300 million and $400 million from Google.
Finally, just last week, raised $350 million in a Series B. It was the new money gives the San Francisco-based startup a post-money valuation of at least $1 billion.
Who will it be next week?
Further reading:
- Salesforce And Its Venture Arm Latest To Join AI Craze
- We鈥檝e Seen This Before: Investors Take To The Next Shiny Toy 鈥 AI
- AI Startup Anthropic Raising Another $300M At $4.1B Valuation 鈥 Report
- Adept Latest AI Startup To Raise Big 鈥 Nabs $350M
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