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Announced

Completed

Andreessen Horowitz led a $150m Series A round in Character.AI.

Financials

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Transaction Value£122m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Completed

United States

Domestic

Venture Capital

Single Bidder

Acquisition

Private Equity

Software

Minority

Private

artificial intelligence

Synopsis

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Andreessen Horowitz, a venture capital firm, led a $150m Series A round in Character.AI, a conversational artificial intelligence platform, with participation from Nat Friedman, Elad Gil, SV Angel and A Capital. “Daniel and I are pleased that a world class group of investors, led by the amazing team at a16z, believes in the remarkable advancements we’re making in AI, the company we’re building, and the value we can deliver to society and investors. We are gratified they recognize our ability to revolutionize AI and improve the way people live. Character.AI’s power is our highly-sophisticated language model, which rapidly analyzes and contextualizes large volumes of information to produce useful intelligence tailored to each individual, making it a personalized superintelligence companion that enhances productivity, offers advice, educates, and entertains. The potential use cases are infinite," Noam Shazeer, Character.AI Founder.

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