Inworld AI Closes $ 50M Series A Funding

Inworld AIin San Francisco, CA-based developer platform for creating AI-driven virtual characters, raised $ 50M in Series A funding.

The round was led by Section 32 and Intel Capital with participation 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.

The company intends to use the funds to accelerate growth and expand operations.

Founded by conversational AI pioneers Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs, Inworld AI is a developer platform for creating AI-driven virtual characters for gaming, the metaverse, VR / AR, and immersive experiences. The company uses advanced AI to build generative characters whose personalities, thoughts, memories, and behaviors are designed to mimic the deeply social nature of human interaction. The platform features a no-code studio that makes the creation of AI characters accessible to writers, designers, and creators. Integrations with the most popular game engines, like Unreal and Unity, make it easy for developers to deploy characters into game environments.

Since closing its seed round in March 2022, Inworld released its beta product, hired John Gaeta as Chief Creative Officer, and was selected as one of six companies to join the 2022 Disney Accelerator.