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.