Venture Capital News: Inworld AI Inks $50M Series A Financing
2022-08-23
SAN FRANCISCO, CA, Inworld AI today announced the close of its $50 million Series A funding round.
Inworld AI, a developer platform for creating AI-driven virtual characters, founded by conversational AI pioneers Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs, today announced the close of its Series A funding round. The company has raised an additional $50 million to bring richer social interactions to immersive worlds in gaming, metaverses, entertainment, and brand experiences. Section 32 and Intel Capital led the round, which also included investments from Founders Fund, Accelerator Investments LLC, First Spark Ventures, Kleiner Perkins, BITKRAFT Ventures, CRV, Microsoft's M12 fund, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, NTT Docomo Ventures, and The Venture Reality Fund.
Inworld AI is a developer platform for creating AI-driven virtual characters for gaming, the metaverse, VR/AR, and immersive experiences. Inworld's founders pioneered conversational AI platforms and generative models at API.AI (acquired by Google and now known as Dialogflow), Google, and DeepMind. The company continues to build its talented team, with experts in generative language models, emotions, speech synthesis, multimodal interaction, design, and 3D animation.
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