COMPANY INFO
Letta is a privately held software development company founded in 2024 by Charles Packer and Sarah Wooders, headquartered in Berkeley, California. The company builds an AI Operating System that transforms stateless language models into perpetual, self-improving agents with advanced memory management, enabling developers to create and manage intelligent AI applications effectively. Letta has around 5 employees and operates primarily in the Software Development Applications industry. Their website is https://www.letta.com.
Letta is a privately held software development company founded in 2024 by Charles Packer and Sarah Wooders, headquartered in Berkeley, California. Operating in the Artificial Intelligence and Software Development industry, Letta builds an AI Operating System that transforms stateless language models into perpetual, self-improving agents with advanced memory management. With approximately five employees, Letta enables developers to create and manage intelligent AI applications through cloud-based, developer-friendly tools and APIs.
Letta funding history demonstrates decisive early momentum, having raised a total of $10 million in a single seed round. This round—completed in September 2024—marked a significant milestone for the company, with major venture capital participation and support from prominent AI leaders as angel investors. The influx of Letta investment capital has fueled the company's strategy of rapid product development, supporting the launch and enhancement of Letta Cloud, a hosted platform granting developers access to advanced memory systems for AI agents. By concentrating on a select group of influential investors and a dedicated funding round, Letta is positioning itself as a foundational technology provider for next-generation AI applications.
Letta's seed funding round was led by Felicis Ventures with participation from Essence VC, Sunflower Capital, and several renowned angel investors. The funds are being allocated to the development and launch of Letta Cloud, a hosted product for building and deploying AI agents with sophisticated memory systems. This investment supports product development, infrastructure, and developer tools aimed at advancing stateful AI agents.
Felicis Ventures led the seed round for Letta. As a leading venture capital firm known for backing transformative technology startups, Felicis provides not only capital but also strategic guidance to Letta as it develops its AI Operating System and hosted cloud solutions.
Essence VC participated in Letta's seed round. The firm is notable within the venture capital ecosystem for its focus on early-stage deep tech investments, providing Letta with both funding and industry connectivity.
Sunflower Capital contributed to the seed funding, supporting Letta’s vision for scalable AI infrastructure. The firm specializes in early-stage investments, particularly in cutting-edge software ventures.
Jeff Dean, a legendary AI researcher and Google Senior Fellow, joined the round as an angel investor. Dean’s support brings invaluable technical insight as well as credibility within the AI community.
Clem Delangue, CEO and co-founder of Hugging Face, is an angel investor in Letta. His participation underscores investor confidence in Letta's approach to stateful AI agents and developer platforms.
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