Tolan Raises $30 Million for Its AI Companion
Tolan snags $30M for its AI companion that helps users navigate life
- Who
- Tolan
- What
- raised $30 million in capital
What happened
Tolan raised another $30 million from investors including Union Square Ventures, Khosla Ventures, and Homebrew, bringing its total funding to twice its previous amount and its valuation above $120 million, according to Upstarts Media. Tolan did not disclose its new valuation; PitchBook estimates it at more than $268 million with “medium confidence.” The company told Upstarts Media its annual recurring revenue is in the “double-digit millions,” and said it has more than 250,000 active users.
The story so far
Tolan raised another $30 million from investors including Union Square Ventures, Khosla Ventures, and Homebrew, doubling its total funding, according to Upstarts Media. The company makes an AI companion designed to help users manage daily life, relationships, emotions, and goals. Upstarts Media reported that the funding put Tolan’s valuation above $120 million; PitchBook estimates it at more than $268 million with “medium confidence.” Tolan told Upstarts Media that its annual recurring revenue is in the “double-digit millions” and that it has more than 250,000 active users.
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