Inworld AI Valuation, Funding & Investors
Inworld AI is valued at $500M as of August 2023.
Last Inworld AI valuation
$500M
Series A · Aug 2023
Last Inworld AI funding round
$56M
Series A · Aug 2023
Cumulative funding Inworld AI raised
$123M
across 4 funding rounds
Key investors in Inworld AI
Kleiner Perkins
CRV
M12
Sequoia Capital
Lightspeed Venture Partners
Intel Capital
About Inworld AI
Inworld AI is a San Francisco-headquartered AI runtime engine that powers interactive characters in video games and consumer applications. The platform enables developers to create context-aware NPCs with real-time dialogue, emotions, and memory using generative AI models. Backed by investors such as Lightspeed Venture Partners, Kleiner Perkins, and Intel Capital, Inworld integrates with Unity and Unreal Engine, supporting titles on platforms like Roblox and supporting multilingual conversations in over 15 languages.
Founded
2021
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Aug 2023)
Inworld AI Valuation
Inworld AI is currently valued at $500M, based on its Series A in August 2023.
The $56M round was led by Lightspeed Venture Partners, with participation from Samsung NEXT, Dentsu Ventures, LG Technology Ventures, First Spark Ventures, Stanford University and 2 other investors.
Inworld AI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2023 | Series A | $500M |
Inworld AI Funding History
Inworld AI has raised a total of $123M across 4 funding rounds.
Inworld AI's first fundraising round was a $7M seed round in November 2021. The most recent completed round was a $56M Series A in August 2023.
Inworld AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2023 | Series A | Lightspeed Venture Partners (lead); Samsung NEXT; Dentsu Ventures; LG Technology Ventures; First Spark Ventures; Stanford University; XRM Media; M12 | $56M | $500M | Inworld AI is a San Francisco-based startup founded in July 2021 that develops a leading Character Engine using generative AI to create interactive, intelligent non-player characters (NPCs) for games and interactive experiences. The platform enables developers to build dynamic characters that can learn, converse coherently, and perform actions, integrating with engines like Unity, Unreal, Roblox, and partners such as Niantic’s 8th Wall, NetEase Games, LG UPlus, and Alpine Electronics. Community mods have appeared in games like Skyrim, Stardew Valley, and Grand Theft Auto V. In August 2023, Inworld AI closed a $50 million+ funding round (referred to as Series A-1 or new round) led by Lightspeed Venture Partners at a post-money valuation exceeding $500 million. Participants included Stanford University, Samsung Next, Microsoft’s M12 fund, First Spark Ventures (co-founded by Eric Schmidt), LG Technology Ventures, and others. This brought total funding to over $100 million (some sources say $120 million), following prior raises: $7 million seed in 2021 (Kleiner Perkins, CRV, Meta), $10 million in early 2022 (BITKRAFT), and $50 million Series A later in 2022 (Section 32, Intel Capital). Lightspeed's Moritz Baier-Lentz, who led an earlier investment at BITKRAFT and joined the board, highlighted Inworld's standout position among 200+ AI-gaming opportunities due to team, product velocity, and traction. Proceeds will fund R&D expansion, team growth (from ~60-70 employees including ex-API.AI, Google, DeepMind talent), infrastructure investments, customer success, partnerships, and an open-source Character Engine release. The company reported four years of runway and planned to pause fundraising. Backers also include Founders Fund, Disney Accelerator, The Venture Reality Fund, Micron Ventures, NTT Docomo Ventures, and SK Telecom Venture Capital; advisors feature Neal Stephenson, Danny Lange (ex-Unity/Google), and Jon Snoddy (ex-Disney Imagineering). |
| Aug 2022 | Series A | Intel Capital (lead); S32 (lead) | $50M | - | Inworld AI closed a $50 million Series A funding round in August 2022 led by Section32 and Intel Capital. The round also included 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, The Venture Reality Fund, and HTC. The company develops AI-driven interactive characters for immersive environments including video games, metaverses, entertainment experiences, and branded content. Inworld had closed its seed round in March 2022 and released its beta product prior to the Series A, while also recruiting Academy Award-winning filmmaker John Gaeta as Chief Creative Officer. The company was selected as one of six participants in the 2022 Disney Accelerator program, which focused on emerging immersive technologies including augmented reality, NFTs, and AI characters. Beyond gaming and metaverse applications, Inworld's technology was positioned for use in entertainment, sales and marketing, and training and education contexts. |
| Mar 2022 | Seed | BITKRAFT Ventures (lead); Yat Siu; Kleiner Perkins; The Venture Reality Fund/VRF; Nate Mitchell; M12; Kevin Lin; Sebastien Borget; CRV; NaHCO3; Chris Murphy | $10M | - | Inworld AI raised $10 million in a strategic funding round on March 4, 2022, led by BITKRAFT Ventures with participation from The Venture Reality Fund, Kleiner Perkins, and CRV. The funding supports the development of its platform for creating AI-powered virtual characters for games, metaverse, VR/AR, and virtual worlds. The company, founded by conversational AI pioneers from API.AI (acquired by Google), planned to release a beta version of its creator platform in Q2 2022 with integrations for popular game engines. Angel investors in the round included Kevin Lin (Twitch co-founder), Nate Mitchell (Oculus co-founder), Chris Murphy, Sebastien Borget, and Yat Siu. Additional backers were M12 (Microsoft's venture fund) and NaHCO3. Inworld AI aimed to enable developers to build configurable virtual characters for more engaging user experiences in immersive environments, competing in the growing metaverse and virtual beings space. Following the round, Inworld AI progressed to a $50 million Series A in August 2022 led by Section 32 and Intel Capital, bringing total funding to approximately $70 million including prior pre-seed and seed rounds. |
| Nov 2021 | Seed | CRV (lead); Kleiner Perkins (lead); The.AI Ventures; Sequoia Capital; Meta | $7M | - | Inworld AI raised $7 million in a seed funding round co-led by Kleiner Perkins and CRV, with participation from Meta, announced on November 8, 2021. The company provides a developer platform for creating AI-powered virtual human agents for immersive realities including the metaverse, VR/AR, games, and virtual worlds. Founded by the team behind API.AI (acquired by Google as Dialogflow), Inworld AI focuses on enabling businesses to deliver enveloping experiences in extended realities, projected to reach a $300 billion market over the next three years. |
Who has invested in Inworld AI?
23 investors have backed Inworld AI across its funding rounds, including Kleiner Perkins, CRV, M12, Sequoia Capital, Lightspeed Venture Partners and Intel Capital.
Lead investors include Lightspeed Venture Partners, Intel Capital, S32, BITKRAFT Ventures, CRV and 1 other investor.
Inworld AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Nov 2021 | |
| United States | 2 | Participant | Mar 2022 | |
| United States | 2 | Lead | Nov 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Yat Siu |  Hong Kong | 1 | Participant | Mar 2022 |
| San Francisco, CA | 1 | Participant | Nov 2021 | |
| San Francisco, CA | 1 | Participant | Aug 2023 | |
 Tokyo | 1 | Participant | Aug 2023 | |
| San Jose, CA | 1 | Participant | Aug 2023 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
| San Diego, CA | 1 | Lead | Aug 2022 | |
| Nate Mitchell | San Francisco, CA | 1 | Participant | Mar 2022 |
| San Francisco, CA | 1 | Participant | Aug 2023 | |
| San Francisco, CA | 1 | Participant | Aug 2023 | |
This data is available for Pro users. Sign up to see all 23 Inworld AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInworld AI Competitors
Inworld AI competitors include listed companies like ODDITY Tech, Shenzhen Sunwin, eVISO and Perfect Corp., and private ones like Doppel and /dev/agents.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Los Angeles, CA | Private | - | - | $600M | - | |
| United States | Publicly listed | $810M | $131M | $889M | 1.8x | |
 China | Publicly listed | $20M | ($147M) | $687M | - | |
 Italy | Publicly listed | $363M | $12M | $277M | 0.6x | |
| United States | Publicly listed | $69M | $636K | $198M | 0.5x | |
| San Francisco, CA | Private | - | - | $500M | - |
Inworld AI Public Comps
Inworld AI is still privately-owned, but its public comps include Beijing Hanyi Innovation, GRAVITY Co., Intelligo Technology, Hangzhou Electronic Soul, Soft-World, NetDragon Websoft, Yidu Tech, Coffee Stain Group, ExaWizards and Winner Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $408M | $63M | 0.2x | - | 1.0x | - | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $57M | ($31M) | 5.4x | - | (10.0x) | - | |||
| $205M | $46M | 0.4x | - | 1.7x | - | |||
| $667M | $106M | 0.9x | 1.0x | 5.8x | 4.1x | |||
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $98M | $46M | 3.9x | 3.6x | 8.3x | 6.6x | |||
This data is available for Pro users. Sign up to see all Inworld AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Inworld AI
| When was Inworld AI founded? | Inworld AI was founded in 2021. |
| Where is Inworld AI headquartered? | Inworld AI is headquartered in San Francisco, CA, United States. |
| Is Inworld AI publicly listed? | No, Inworld AI is a private, VC-backed company. |
| What is Inworld AI's valuation? | Inworld AI was last valued at $500M in its Series A in August 2023. |
| How much funding has Inworld AI raised? | Inworld AI has raised $123M across 4 funding rounds. |
| What was Inworld AI's last funding round? | Inworld AI's last funding round was a $56M Series A in August 2023, led by Lightspeed Venture Partners. |
| Who are Inworld AI's investors? | Inworld AI's investors include Kleiner Perkins, M12, CRV, Yat Siu, The.AI Ventures, Samsung NEXT, Dentsu Ventures, LG Technology Ventures, The Venture Reality Fund/VRF, S32 and 13 others. |
| Which companies are comparable to Inworld AI? | Companies comparable to Inworld AI include Doppel, ODDITY Tech, Shenzhen Sunwin, eVISO, Perfect Corp. and /dev/agents. |
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