Felicis Ventures leads $10 million round in AI startup MemGPT at a $70 million valuation, sources say

Mon, 08/12/2024 - 17:48

Felicis, Aydin Senkut — Felicis founder and managing partner Aydin Senkut
Felicis

MemGPT helps users "build LLM agents with long term memory and custom tools."
It is an agentic framework focused on increasing the memory of large language models.
The MemGPT project has over 11,000 stars on GitHub.

MemGPT, a toolkit for developing AI agents, has raised a $10 million round at a $70 million valuation, Business Insider has learned.

Felicis Ventures led the round, four sources familiar said. This is the company's first round, a source said.

MemGPT helps users "build LLM agents with long term memory and custom tools," according to its associated GitHub page. The MemGPT project has over 11,000 stars on GitHub, indicating the project's popularity among developers.

MemGPT and Felicis Ventures did not respond to requests for comment.