Letta, a generative AI startup spun out of UC Berkeley’s AI research lab, has emerged from stealth with a $10 million seed round led by Felicis, with participation from Sunflower Capital, Essence VC, and notable angels including Jeff Dean of Google DeepMind and Clem Delangue of Hugging Face. The funding will support Letta’s mission to develop AI systems with advanced memory capabilities, building on the success of the MemGPT project.
Letta, founded by Charles Packer and Sarah Wooders, focuses on creating AI agents that can retain and update their memory over time, addressing one of the key challenges in AI development. The company aims to revolutionize AI by moving beyond stateless architectures to systems that can manage complex, real-world scenarios with personalized and evolving contexts.
The company plans to use the funds to continue developing Letta Cloud, a hosted platform for building and deploying AI agents with stateful memory systems. Letta Cloud offers developers a model-agnostic environment where they can design, deploy, and manage AI agents, ensuring full transparency and control over the AI’s memory and reasoning processes.
Letta’s innovative approach to AI memory management has the potential to transform the capabilities of AI agents, enabling them to perform more complex and sustained tasks. This funding round marks a significant step forward in Letta’s journey to redefine the future of AI.
