Synthetic-user startup Simile raises $200M at $2B valuation 5 months after $100M Series A
AI startup Simile has raised $200 million in a Series B funding round, reaching a $2 billion valuation just five months after its Series A. The company specializes in creating 'synthetic users' for market research, a growing niche in the AI industry.
Why it matters
The rapid valuation growth of Simile underscores the intense investor interest in AI-driven research tools and the 'unicorn' trend in the current tech market.
Add another member to the fast-and-furious AI unicorn club: Simile . Just five months after emerging from stealth and announcing a $100 million Series A led by Index Ventures, it has closed a $200 million Series B at a $2 billion valuation, the startup says .
The B round was led by Greenoaks with participation from Index, Hanabi, Bain Capital Ventures, A*, Factory, Definition, and CVS Health Ventures. CVS is also one of Simile’s marquee customers.
The startup offers simulated users for areas like marketing and product research. It was founded by Stanford PhD graduate Joon Sung Park, whose dissertation involved a project called “ Smallville ” in which AI agents carried on simulated human lives, right down to holding parties.
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