Total amount raised
$119.7 Millions
Latest funding date
8/1/2023
Location
Inworld AI has successfully raised significant funding to advance its real-time AI solutions, optimized for scaled production. The platform offers innovative tools for building custom AI agent pipelines and refining agent behavior.
Keep reading to explore the intricacies of Inworld AI's fundraising journey and the investors backing this cutting-edge platform.
What Is Inworld AI?
Inworld AI, founded in 2021, specializes in real-time AI solutions optimized for scaled production. The company focuses on driving audience engagement through AI agents with client-side logic and local model inference.
Based in an undisclosed location, Inworld AI offers tools for building AI agents optimized for real-time data ingestion, low latency, and massive scale. Their solutions cover the entire development lifecycle, from development to on-device deployment.
While the exact number of employees and the founders' names are not publicly available, Inworld AI continues to innovate in the AI space, providing cutting-edge tools and solutions for various applications.
How Much Funding Has Inworld AI Raised?
- Seed Round
- Amount Raised: $7.2M
- Date: November 2021
- Lead Investors: CRV, Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial AI-driven character technology and build a foundational team.
- Seed Round
- Amount Raised: $12.5M
- Date: March 2022
- Lead Investors: BITKRAFT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-driven NPC technology and expand the team.
- Non-Equity Assistance
- Date: July 2022
- Lead Investors: Disney Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Disney for AI-driven character development.
- Series A
- Amount Raised: $50M
- Date: August 2022
- Lead Investors: Intel Capital, Section 32
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale AI-driven character technology and enhance product offerings.
- Non-Equity Assistance
- Date: June 2023
- Lead Investors: Comcast NBCUniversal LIFT Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Comcast NBCUniversal's resources for strategic growth.
- Series B
- Amount Raised: $50M
- Date: August 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Over $500M
- Motivation Behind the Round: To accelerate R&D, hire top talent, invest in infrastructure, and launch an open-source version of the Character Engine.
Total Amount Raised: Over $100M. Current Valuation: Over $500M.
Key Investors
- Lightspeed Venture Partners
- Details: A global venture capital firm that invests in the enterprise, consumer, and health sectors. Moritz Baier-Lentz, a partner at Lightspeed, is joining Inworld AI’s board of directors.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snapchat, Nest, GrubHub.
- Stanford University
- Details: A prestigious private research university known for its strong emphasis on innovation and entrepreneurship. It invests through its endowment and associated venture funds.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Various startups and technology ventures.
- Samsung Next
- Details: The innovation group within Samsung that invests in early-stage startups and technologies. It focuses on software and services, particularly in AI, IoT, and digital health.
- Investment Focus Areas: AI, IoT, digital health.
- Notable Investments: Converge, Branch, LiquidSky.
- Microsoft’s M12 Fund
- Details: The venture capital arm of Microsoft, focusing on early-stage technology startups. It invests in enterprise software, cloud computing, and AI.
- Investment Focus Areas: Enterprise software, cloud computing, AI.
- Notable Investments: Innovaccer, Skedulo, WorkBoard.
- First Spark Ventures
- Details: A venture capital firm co-founded by Eric Schmidt, former CEO of Google. It focuses on early-stage technology companies.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Various early-stage technology companies.
What's Next for Inworld AI?
Inworld AI stands at the cusp of a transformative era, with opportunities to accelerate research and development, hire top talent, and invest in infrastructure. The launch of an open-source version of its Character Engine could revolutionize the gaming industry, offering developers new tools to create lifelike NPCs. With a valuation exceeding $500 million and over $100 million in total funding, the company is well-positioned to expand its partnerships with major game development engines like Unity and Unreal Engine.
Future fundraising opportunities appear promising, with potential for additional rounds from existing and new investors. The growing interest in AI-driven characters and the shift towards open-source solutions could attract further venture capital and strategic partnerships. However, Inworld AI may face challenges such as competition from other AI startups, technical hurdles in advancing AI capabilities, and ensuring the scalability and reliability of their platform. Balancing innovation with practical needs will be crucial as they navigate this dynamic landscape.
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