PANews|Jul 31, 2026 02:07
[AI Startup Simile Completes $200 Million Series B Funding at a $2 Billion Valuation]
According to TechCrunch, AI startup Simile has completed a $200 million Series B funding round at a $2 billion valuation, just five months after raising $100 million in its Series A round. The round was led by Greenoaks, with participation from Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory, Definition, and CVS Health Ventures. CVS is also a major client of Simile.
Simile was founded by Stanford Ph.D. Joon Sung Park, whose doctoral project, 'Smallville,' enables AI agents to simulate human life. The company claims its goal is to 'accurately and honestly simulate all 8 billion people on Earth,' using these simulations for marketing and product research.
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