Venture capitalist firms are always on the hunt for the next big thing—especially when the current hype cycle starts to cool. Already well established in crypto initiatives, Andreessen Horowitz announced on Thursday an investment in software development company Character AI, developers of the Character AI chatbot.

The series A funding round totaled $150 million, was led by a16z, and includes investment from Nat Friedman, Elad Gil, SV Angel, and A Capital.

Along with the investment in Character AI, Andreessen Horowitz’s general partner Sarah Wang will join the Character AI board.

“If the internet was the dawn of universally accessible information, this moment in A.I. may very well be the dawn of universally accessible intelligence,” Wang tweeted, announcing the investment.

“We are at the iPhone moment of A.I.,” Wang wrote. “Like mobile and the internet, the A.I. revolution starts with the consumer.”

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Author: Jason Nelson

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