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Character.ai

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EVENT TIMELINE

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STARTUPS · 1 SOURCE · TechCrunch AI

Tolan raises $30M for AI companion app

Tolan, an AI companion app that helps users manage daily life, relationships and goals via a cartoonish avatar, has raised $30 million from investors including Union Square Ventures, Khosla Ventures and Homebrew, doubling its total funding. The company told Upstarts Media it has double‑digit millions in ARR, about 250,000 active users and 70 million conversations in the past year; PitchBook estimates its valuation above $268 million (medium confidence), though Tolan did not disclose a new figure.

6.0

STARTUPS · 3 SOURCES · The Verge AI · TechCrunch AI · The Decoder

Character.AI files for Chapter 11; Disney to buy assets for $20M

Character.AI has filed for Chapter 11 bankruptcy in the US, listing estimated liabilities of $50–100 million, and is seeking to sell its assets. Disney is the lead bidder under a proposed deal that would pay $20 million for certain assets, hire some former Character.AI staff including ex‑CEO Karandeep Anand, and receive a nonexclusive IP license; the company says it will continue operating while the sale process proceeds and may be wound down if no suitable bid emerges.

8.0