Character.AI Looking For Fresh Capital — Report

Just four months after closing a $150 million Series A at a $1 billion valuation led by Andreessen Horowitz, Character.AI may be looking for even more cash.

The Palo Alto, California-based AI startup, which allows people to create their own personalized AI chatbots, is in talks with investors about raising an additional round of funding, per a report in The Information. The new capital would be used to support demand for its chatbots, said the report. No amount was cited.

Investor appetite in AI has been off the charts since late last year, as the list of generative AI companies continues to grow. Character.AI is one of several companies including OpenAI, Anthropic and Adept AI that have raised huge rounds this year.

Further reading:

• Character.AI Hits Unicorn Status With $150M Raise As AI Craze Continues
• ‘Excited’ And ‘Scary’: After Sizzling First Half, Don’t Expect AI Investment To Cool Off

Illustration: Dom Guzman