Character.AI files for Chapter 11 after raising $193M and hitting $1B valuation in 2023
ayushtweetshere · x · 2026-10-13
Character.AI has filed for Chapter 11 bankruptcy, announced via a late-night newswire press release.
The company raised $193 million across three rounds and reached roughly $1B unicorn valuation in March 2023—now worth nothing. As the poster puts it: better to be a real roach than a mythical unicorn.
Related event: Character.AI Files for Chapter 11 as Disney Buys Assets for $20 Million(6 posts)→
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