# Letta

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

- Industry: Semiconductors
- Headquarters: Berkeley, US
- Website: www.letta.com
- Total disclosed funding: $10M
- Latest round: Seed (Sep 23, 2024)
- Investors on record: 3

## About

Based in California, US, and founded in 2024, Letta is an AI startup that provides advanced memory systems and stateful APIs for developers using various AI models. In September 2024, Letta raised USD 10 million in seed funding led by investor Felicis Ventures, with participation from other investors Sunflower Capital and Essence VC. The firm, as of September 2024, is led by its co-founders, Charles Packer (CEO) and Sarah Wooders (CTO). 

Letta focuses on memory management for large language models (LLMs), improving contextual understanding in AI. The company's flagship product is MemGPT, launched in October 2023, a framework that enhances the memory capabilities of AI agents. Its other suite of products includes Letta Cloud, a hosted platform for developing and managing AI agents at scale, and Letta API, which integrates advanced memory features into LLM services. These tools empower developers to create long-lasting AI applications.

The company plans to utilize the September 2024 funding to develop its cloud, a hosted product enabling developers to build and deploy agents with advanced memory systems.

## Funding rounds

- Seed, Sep 23, 2024, $10M — Felicis Ventures, Sunflower Capital, Essence VC

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- Sunflower Capital (https://capitalatlas.ai/funds/sunflower-capital) — Seed
- Essence VC (https://capitalatlas.ai/funds/essence-vc) — Seed