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Letta raised $10M in seed financing led by Felicis to build a new hosted product, Letta Cloud, for developers to create and deploy advanced memory agents.

PRIVATESep 23, 2024

Amount Raised

$10 Million

Round Type

Seed

San FranciscoSoftwareArtificial IntelligenceMachine Learning

Investors

Barry Mc CardelRobert NishiharaTristan HandyJordan TiganiCristobal ValenzuelaClem DelangueJeff DeanEssence VCSunflower CapitalFelicis

Description

Letta, a generative AI startup based in San Francisco, emerged from stealth with $10 million in seed funding. The funds will be used to develop Letta Cloud, a platform for developers to build and deploy agents with advanced memory systems.

Quick answer

Letta raised $10 Million in a Seed round, dated September 23, 2024. Investors: Barry Mc Cardel, Robert Nishihara, Tristan Handy, Jordan Tigani, Cristobal Valenzuela, Clem Delangue, Jeff Dean and Essence VC. Letta is based in San Francisco, California, United States.

How much did Letta raise?
Letta raised $10 Million in a Seed round on September 23, 2024.
Who invested in Letta?
Barry Mc Cardel, Robert Nishihara, Tristan Handy, Jordan Tigani, Cristobal Valenzuela, Clem Delangue, Jeff Dean and Essence VC are named as investors in this round.
What does Letta do?
Letta is a generative AI startup based in San Francisco, CA, spun out of UC Berkeley’s AI research lab.
Where is Letta based and how big is it?
Letta is based in San Francisco, California, United States.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Letta that raised within 45 days of this round, from Fundz verified event records.

  • Algorized raised $4.3M (Seed) on November 7, 2024.
  • Nexstem raised $3.5M (Seed) on November 7, 2024.
  • Siit raised $5M (Seed) on November 7, 2024.
  • Cloudsquid raised $1M (Pre-Seed) on November 4, 2024.
  • Plato raised $6.5M (Pre-Seed) on November 4, 2024.
  • Advex AI raised $3.5M (Seed) on November 4, 2024.

Who to call at Letta, and when

A new round usually means Letta is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Letta raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Letta, from your own LinkedIn network

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Company Information

Company

Letta

Location

San Francisco, California, United States

About

Letta is a generative AI startup based in San Francisco, CA, spun out of UC Berkeley’s AI research lab. The company focuses on building advanced memory systems for AI agents, providing developers with a hosted platform called Letta Cloud. This service allows for the deployment of stateful agents accessible via REST APIs and features an Agent Development Environment for debugging. Letta aims to offer transparency in AI agent design through its innovative approach to memory management.

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Letta raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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