# Inworld AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inworld-ai

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.inworld.ai
- Total disclosed funding: $106M
- Latest round: Series A (Jun 12, 2023)
- Investors on record: 19

## About

Based in the US, Theai, Inc. specializes in real-time artificial intelligence solutions that enhance consumer engagement across diverse digital platforms, optimizing user interactions and operational efficiency.Theai, Inc. operates under the brand Inworld AI, focusing on artificial intelligence applications. Founded in 2021 in Mountain View, US, by Ilya Gelfenbeyn, Kylan Gibbs, Michael Ermolenko, and Yuvakiran Arthala, the company has completed 4 funding deals. Its most recent funding round was a Series A, raising USD 35.60 mn on June 12, 2023, led by Lightspeed Venture Partners, with total capital raised amounting to USD 35.60 mn and a post-money valuation of USD 467.968 mn.Inworld specializes in real-time artificial intelligence solutions designed to enhance consumer engagement across various digital platforms. The company's core offerings include advanced AI frameworks capable of adapting to user preferences while optimizing cost efficiency. Inworld's technology features a hybrid inference architecture for rapid processing, critical for applications in gaming and entertainment. With over 500,000 daily active users, Inworld primarily serves clients in North America and Europe across industries such as gaming, media, and training, focusing on tools that evolve based on user interactions.Inworld’s revenue model is based on subscription services and partnerships with developers seeking to integrate AI capabilities. The company employs a direct-to-consumer approach, allowing clients to access AI solutions through scalable subscription plans tailored to their needs. This structure enables clients to manage costs effectively as user engagement grows, while providing Inworld with a steady revenue stream from flagship products that facilitate the seamless integration of AI into user experiences.In August 2023, Inworld AI raised USD 50 mn in Series A funding led by Lightspeed Venture Partners, with participation from Samsung NEXT Ventures and Stanford University. The funding, which valued the company at USD 500 mn post-money, will support research and development, manpower expansion, infrastructure growth, and product launch initiatives. Inworld aims to expand into new markets, with specific regions targeted for growth by 2024, leveraging the recent funding to accelerate its development and outreach.

## Funding rounds

- Series A, Jun 12, 2023, $36M — Lightspeed Venture Partners, Stanford University, M12, Samsung NEXT Ventures, LG Technology Ventures, First Spark Ventures
- Series A, Jul 8, 2022, $44M — CRV, Kleiner Perkins, Intel Capital, Founders Fund, SK Telecom Ventures, M12, NTT DOCOMO Ventures, Micron Ventures, The Venture Reality Fund, Section 32, BITKRAFT Ventures, LG Technology Ventures, First Spark Ventures, Accelerator Investments LLC
- Seed, Feb 22, 2022, $20M — CRV, Kleiner Perkins, The Venture Reality Fund, BITKRAFT Ventures, NaHCO3
- Seed, Nov 8, 2021, $7M — CRV, Kleiner Perkins, Meta

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed, Series A
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A
- Meta — Seed
- The Venture Reality Fund (https://capitalatlas.ai/funds/the-venture-reality-fund) — Seed, Series A
- BITKRAFT Ventures (https://capitalatlas.ai/funds/bitkraft-ventures) — Seed, Series A
- NaHCO3 — Seed
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- SK Telecom Ventures — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series A
- Micron Ventures (https://capitalatlas.ai/funds/micron-ventures) — Series A
- Section 32 (https://capitalatlas.ai/funds/section-32) — Series A
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series A
- First Spark Ventures (https://capitalatlas.ai/funds/first-spark-ventures) — Series A
- Accelerator Investments LLC — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Stanford University — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A