Chai
Chai is an AI Companions & Character company founded in 2021 and based in Palo Alto, United States. It has raised $55M in total funding, most recently a Strategic in 2023 at a $450M valuation.
Chai (Chai Research) is an AI company operating a mobile-first platform for character-based chat, where users create, share and converse with companion bots powered by large language models. It was founded in 2021 by William Beauchamp, a former quantitative trader who began prototyping in Cambridge, England in 2020 before relocating the company to Palo Alto in 2022. Chai is known for running a lean operation: it has reported well over a million daily active users and tens of millions in annualized revenue with a small engineering team. GPU cloud provider CoreWeave invested in 2023; reporting has cited a valuation around $450 million and total funding exceeding $50 million.
Chai shows that a tiny team can build a profitable, high-DAU consumer character-chat business in a category dominated by far larger, better-funded rivals.
chai-research.com ↗·AI Companions & Character·
United States·private 
