Character.ai, founded in 2021 and based in Menlo Park, California, has raised a total of $193 million in funding, reaching a $1 billion valuation in March 2023. The company secured $43 million in Seed and Early Rounds (2021–2022) from Elad Gil and SV Angel, followed by a $150 million Series A led by Andreessen Horowitz to scale its generative AI platform. With 95 employees, Character.ai builds advanced conversational AI models that power personalized, interactive experiences for creativity, learning, and productivity across industries.