AI chatbot startup Character is in talks with investors to raise $250M in funding.

 

AI chatbot startup Character is in talks with investors to raise $250M in funding.

 The San Francisco-based startup — established by two former Google researchers, Noam Shazeer and Daniel De Freitas — met up with several VC firms, including Sequoia Capital. The majority of the funding will be diverted toward cloud-computing costs. However, sources confirmed that the firm is also looking to ink deals with cloud-computing providers. 


  • Per The Information, the firm is targeting a unicorn valuation of over $1B at the funding round. 
  • Final deal terms and size may change since discussions are still in the very early stages and the company's platform is currently in beta. 
  • Character's platform can create chatbots that mimic celebrities and film characters. 
  • The firm previously raised an undisclosed sum through a seed round from A Capital, Elad Gil, SV Angel, Paul Buchheit, and Nat Friedman. 
  • At Google, Shazeer and Freitas were instrumental in developing the LaMDA language model. 


  • Character's peers Anthropic and Adept AI are looking to raise new capital at $5B and $1B valuation, respectively.

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