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Announced

Completed

Section 32 and Intel Capital led a $50m Series A round in Inworld AI.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Venture Capital

Private

Minority

Acquisition

Friendly

Digital Services

Private Equity

machine learning

Single Bidder

artificial intelligence

Completed

Domestic

Synopsis

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Section 32, a venture capital firm, and Intel Capital, a private equity firm led a $50m Series A round in Inworld AI, a developer platform for creating AI-driven virtual characters, with participation from Founders Fund, Accelerator Investments, First Spark Ventures, Kleiner Perkins, BITKRAFT Ventures, CRV, M12, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, NTT Docomo Ventures, and The Venture Reality Fund. “Inworld’s AI platform removes the complexities of developing intelligent virtual characters with the potential to unlock a variety of new online experiences. Applications for Inworld’s platform transcend what’s possible in gaming and the metaverse alone, and enable enterprises to deliver rich, on-brand experiences with AI-powered virtual characters capable of delivering memorable user experiences,” Andy Harrison, Section 32 Managing Partner.

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