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Personal AI isn't accepting new investments

Personal AI ’s deadline was April 1, 2024

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Personal AI

Private models trained on personal memory, unique to every individual
Software B2B B2C Deep Tech AI & Machine Learning Big Data
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$1,769,074
Raised
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Personal AI
Funding goal · how the funds will be used
The funds will be used to accelerate the release of Personal AI's next model generation, build more integrations such as WhatsApp, and continue to grow our user base.
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The funds will be used to accelerate the release of Personal AI's next model generation, build mo... View more
776
Investors
Successfully funded and closed on April 1, 2024.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Founders Funding
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Human AI Labs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Personal AI Crowd SAFE Human AI Labs (Personal AI) Form C .pdf
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Hear from some of the 776 investors in Personal AI


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Highlights


$10M+ raised
Company has previously raised over $10M in capital
Power Founders
Founders previously exited or operated a large business
Tier-1 Venture backing
Company is backed by a tier-1 VC firm
  • Our Mission: Unlock the wealth of personal memory and knowledge.
  • Our Solution: Store, train, and integrate your unique model of knowledge.
  • Our Tech: A Personal Language Model (PLM) per user, 120M parameters each.
  • Our Promise: Personal AI is owned and managed by the user and never sold.
  • Our Team: Our founders have 4 successful exits totaling over $20B.
  • Our Backers: Esteemed investors, incl. a16z Scout & Founder of Jane Street.

Personal AI is shaping a world where every memory, thought, experience, and opinion are captured and made readily accessible to those we choose to share them with.

Founded in 2020. Headquartered in NYC, with an office in San Diego, California.

Problem


Human Memory is Imperfect and Inaccessible.  

We only remember a fraction of the information encountered in daily life (about 80% is forgotten in three days).

The knowledge of a single individual remains locked within their mind, and is not readily accessible to others. When we hit our limits, we always say “I can’t be in multiple places at once”, or “I just don’t have the time”.

As a result, limited memory capture and inaccessibility of personal knowledge pose challenges in communication, collaboration, and decision-making in both personal and professional contexts. This costs us time, stress, and money.

Massive amounts of data is produced by the 5.3 billion internet users worldwide, but our data is extremely fragmented, and locked in big tech platforms.

Inefficient access to this data and our personal memory and knowledge leads to massive financial loss.



Fragmented Memory Leads to Inaccessible Information.


Accessing personal knowledge efficiently is challenging with current methods focusing mainly on publicly available information, like search engines and Large Language Models (LLMs), which overlook personal experiences and insights. Additionally, big tech platforms' lack of data ownership and control policies raise concerns about data usage without user consent.

Solution


Personal AI Solves Imperfect and Inaccessible Memory.

Personal AI is a user-centric communication platform consisting of a unified memory and universal access model for each user, solving the core problems of imperfect and inaccessible memory.

Our Personal Language Models are at the center of everything we’ve built.


Personal AI is a no-code, cost-efficient, user-trained, and user-owned model, trained by simply uploading files, links, or chatting with a Personal AI.

Product


AI Models Trained on Individual Users’ Memories.

Personal AI is accessible, scalable, and available across all devices through native desktop and mobile apps and third-party integrations.


Unified Memory.


At the core of each Personal AI is the user's unified memory and knowledge with unlimited capacity. This unified memory is a time-bound structure that includes text, images, URLs, documents, and various other types of data through integrations. 


Universal Access.


Each Personal AI is grounded in its user’s own unified memory. This unlocks instant and universal access to that personal knowledge on the Personal AI platform as well as through third-party platforms such as X, WhatsApp, and Instagram.


Advanced Structure for Organizations.


Imagine an organization that has many people with various job titles and specialties. This is where unified memory with multiple AI Personas comes into play. 

Users can manage multiple components of their unified memory system by creating distinct AI personas, each dedicated to managing specific aspects of their personal and professional memory which can be independently shared and controlled.



Human AI Communication Platform.


Users can create AI-enabled DMs and Lounges natively on our platform. As users engage in conversation with each other and other AIs, their Personal AI actively participates and learns from each interaction. In Lounges, or group chats, multiple users and AIs can engage in conversations together. Here, AIs learn from collective memories and community knowledge.


Advanced Access Through API.


Users can use their AIs through Memory and Message APIs. These APIs offer the flexibility to train AIs using custom data sources and access it within custom workflows.


Traction


We’ve Proven Product-market Fit. Now, we are Capturing Market Share.

As our users create more memories on Personal AI, they become more active and engaged. Our average Day 30 retention for users with 100+ memories is 35%, and 52% for users with 1,000+ memories!

Compare this to a16z’s benchmark of 30% for “Great” retention (Source). 

The more the memories our users create, the stickier they become.

Those who subscribe are highly loyal. As our users convert to paying subscribers, their retention rate reaches 80%. Their activity level also increases to 10x the level of average users.

Our users have generated more than 10 million unique memories consisting of  personal knowledge and data, which is equivalent to roughly 30% of Wikipedia's size. Additionally, our users have interacted with their Personal AI over 2 million times with over 1 million AI automated messages. This means that our users have doubled their communication efficiency.

Customers


Personal AI is Embedded in the Lives of Our Customers.

Many of our customers choose Personal AI after experimenting with several other AI platforms. Our most active customers include business owners, authors, speakers, and educators. Our B2B customers include brand agencies, hospitals, universities, and financial institutions.

Business owners scale access to their proprietary knowledge through their Personal AIs, increasing communication efficiency by 200%.

Brand agencies share knowledge between teams and clients through Personal AI, increasing work productivity by 200%.

Business model


Personal AI Operates on a Scalable SaaS Model With a High Profit Margin.  

  • Individual subscriptions are priced at $400/year/AI persona with self-service, limited memory, and unlimited access.

  • Business subscriptions are priced at $10,000/year/AI persona with professional services, unlimited memory and access, plus custom training service. 


Personal Language Models (PLMs) are small and efficient to train and run on any GPU. For an average paying subscriber, we have a profit margin of over 80%. 

We are up to 40x more cost effective compared to other AI systems built on LLMs. The cost will further reduce as we shift to running on device models. 

Our go-to-market strategy is straightforward and already showing success, we achieved $260k in ARR in 6 months and accumulated over $5M in our B2B pipeline in 3 months.

Our diverse range of business customers includes those in healthcare, education, law, and branding agencies. By concentrating on high contract value customers, we have identified substantial upselling opportunities, with the potential to scale from one AI to up to 100 unique AIs at $10,000 per AI.

Market


$400B Total Addressable Market Opportunity.

Our near-term focus is selling to professionals and businesses. Our long term goal is to create Personal AIs for every individual on the globe. 

Competition


LLMs are Trained, Owned and Controlled by Big Tech. PLMs are Trained, Owned, and Controlled by Our Users.

Vision and strategy


The Beginnings of the Personal Intelligence Era.


In a world of 8 billion people, we envision 8 billion Personal AIs.

We envision a future where technology and AI bring equal benefits to every individual. To us, that means evolving from the current centralized, corporate-owned model to a personalized, user-owned experience. 

We recognize from day one that we are not just building technology, but more importantly, we are solving human problems. Personal agency and user-centric design is at the heart of our system. Our goal is to put the future of AI in the hands of the individual, and THE FUTURE OF AI IS PERSONAL.

Founders


Our Founders Have 4 Successful Exits Totaling Over $20B.

Funding


Personal AI is the Most Capital Efficient AI Model Company.

A major part of this funding will be used to grow and get Personal AI in the hands of hundreds of thousands of individuals and brands.

This is an opportunity to be part of a movement in the AI landscape, contributing to a mission to redefine the way we interact with our memories and knowledge.

Deal terms


Valuation cap

$30,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$250

The smallest investment amount that Personal AI is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Personal AI is accepting.
Learn more

Maximum funding goal

$5.08M

Personal AI has set a funding goal of $1M. Personal AI is raising a maximum amount of $5.08M, which includes $75K from off-platform investments. The maximum goal for Reg CF is set at $5M.
Learn more

Deadline
Personal AI needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (Suman Kanuganti)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Human AI Labs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Personal AI Crowd SAFE Human AI Labs (Personal AI) Form C .pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Personal AI .
Invest
$1,000
Receive
  • One Premium AI, full year subscription ($400 value).
Invest
$5,000
Receive
  • Five Premium AIs, full year subscription ($2,000 value).
  • Exclusive Personal.ai branded gear.
Invest
$10,000
Receive
  • One custom-trained AI, full year subscription ($4,000 value).
Invest
$25,000
Receive
  • One custom-trained AI with ongoing training support ($10,000 value).
Invest
$50,000
Receive
  • In-person training workshop for you or your business ($30,000 value).

About Personal AI

Legal Name
Human AI Labs, Inc.
Founded
Nov 2019
Form
Delaware Corporation
Employees
6
Website
personal.ai
Social Media
Headquarters
Google Map location of of Personal AI
135 West 50th Street Suite 200 , New York, NY
Headquarters
135 West 50th Street, Suite 200, New York, NY, United States 10020

Personal AI Team
Everyone helping build Personal AI , not limited to employees

Profile picture of Suman Kanuganti
Suman Kanuganti
Co-Founder & CEO
Two-time venture-backed entrepreneur, AI expert, and accessibility champion awarded Forbes 40 Under 40 and Smithsonian’s Top Innovator to Watch awards.
Profile picture of Sharon Zhang
Sharon Zhang
Co-Founder & CTO
Standout technical leader in AI and Natural Language Processing, with over a decade of experience building innovations for both large and startup companies.
Profile picture of Kristie  Kaiser
Kristie Kaiser
Co-Founder & CXO
Lead designer at Aira, heralded a “Godsend” by the New York Times. Named Forbes 30 Under 30 in 2022 for consumer technology, Kristie’s work puts people at ease with a natural, fluid, and inclusive user experience.
Profile picture of Aidan Tan
Aidan Tan
AI Engineer
Profile picture of Imran Khan
Imran Khan
Full Stack Engineer
Profile picture of Kenny Huynh
Kenny Huynh
Data Engineer
Profile picture of Miroslav Volek
Miroslav Volek
Data Engineer
Profile picture of Ishaan Pomichter
Ishaan Pomichter
Product Manager
Profile picture of Jonathan Bikoff
Jonathan Bikoff
Head of Strategy
Profile picture of Sydnee Moberg
Sydnee Moberg
Brand Marketing
Profile picture of Eric Kramer
Eric Kramer
Growth Marketing
Profile picture of Brandon Frazier
Brandon Frazier
AI Training Specialist
9 more team members
Suman Kanuganti
Co-Founder & CEO
Aidan Tan
AI Engineer
Imran Khan
Full Stack Engineer
Sharon Zhang
Co-Founder & CTO
Kristie Kaiser
Co-Founder & CXO
Kenny Huynh
Data Engineer
Miroslav Volek
Data Engineer
Ishaan Pomichter
Product Manager
Jonathan Bikoff
Head of Strategy
Sydnee Moberg
Brand Marketing
Eric Kramer
Growth Marketing
Brandon Frazier
AI Training Specialist

Press

Here's the Startup That Could Win Bill Gates' AI race
TheStreet TheStreet
·
Dec 12, 2023

It's not ChatGPT.

Kristie Kaiser
Forbes Forbes
·
Dec 11, 2023

Kristie Kaiser on the 2022 30 Under 30 - Consumer Technology - Kristie Kaiser, 29, cofounded Personal AI, an app that all...

'Extensions of our mind': Personalized artificial intelli...
Del Mar Times Del Mar Times
·
Dec 10, 2023

A local company is taking the next steps toward creating individualized artificial intelligence with a digital vault of o...

This ChatGPT Competitor Wants to Remember Everything for ...
dot.LA dot.LA
·
Dec 9, 2023

What if you could never forget any memory ever again? That's the question at the heart of San Diego-based artificial inte...

Personal AI by Indian-origin creator Suman Kanuganti allo...
The Indian Express
·
Dec 8, 2023

If the company succeeds in its efforts, then users will be able to create their digital twins based on their thoughts, be...

I get overwhelmed by how much stuff I read online. So I o...
Business Insider
·
Nov 13, 2023

There is too much to read online, and it's especially hard to remember everything, so I tried Heyday, a new AI tool, to h...

Actors and writers aren't the only ones worried about AI,...
Los Angeles Times Los Angeles Times
·
Aug 6, 2023

Concerns about AI are central to the current Writers Guild and SAG-AFTRA strikes, but Americans in other industries also ...

Indian Origin Entrepreneur Creates AI Tool That Allows Yo...
TechJuice TechJuice
·
Jun 7, 2023

Based out of NewYork, the company behind Personal AI is building the AI tool using a personal language model system

Personal AI vs Private AI - we speak to the founder-CEOs ...
diginomica diginomica
·
May 30, 2023

One AI could be your unique personal agent online, and another could protect you from AIs that would do you harm. But how...

The Artificial Intelligence of the Generative Grounded Tr...
San Diego Reader San Diego Reader
·
May 17, 2023

"It's almost like an infant," says Jonathan Bickoff. It's a refreshingly simple take on one of the most tortured topics c...

Welcome to the age of automated dating
Washington Post Washington Post
·
Apr 23, 2023

Using dating apps can be a slog. But there are AI programs that will ease the travail. Just be warned that they are not p...

ChatGPT and generative AI are booming, but the costs can ...
Cnbc Cnbc
·
Mar 13, 2023

Many entrepreneurs see risks in relying on potentially subsidized AI models that they don’t control and merely pay for on...

ChatGPT is being used to automatically write emails: Micr...
Cnbc Cnbc
·
Mar 8, 2023

One promising application that could be commercialized in the near future is harnessing the power of a chatbot to quickly...

Personal.ai Has Raised $7.8 Million In Seed Capital To Bu...
Businesswire Businesswire
·
Jan 10, 2023

Personal.ai, a leading AI startup, is on a mission to revolutionize human connection with its AI-first messaging platform...

Human AI nabs $3.2M seed to build personal intelligence p...
TechCrunch TechCrunch
·
Jan 13, 2021

The last we heard from Luther.ai, the startup was participating in the TechCrunch Disrupt Battlefield in September. The c...

Luther.AI is a new AI tool that acts like Google for pers...
TechCrunch TechCrunch
·
Sep 16, 2020

When it comes to pop culture, a company executive or history questions, most of us use Google as a memory crutch to recal...

The Next Era of Consumer Generative AI: Perspectives From...
Primary VC

Highlighting the considerations and interest areas dozens of top leaders have shared with us, as well as some of the tren...

Show all
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Personal AI

Personal AI successfully raised $1,694,075 from 776 investors on April 1, 2024
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Darshan, Neel, Adam, Jerry, Waldron, and 771 others invested. 128 Reviews
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