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Apex Trader Funding - News

Butterflies AI Raises Seed Round, Launches First Social Media Platform Where People and AI Friends Co-Exist

BELLEVUE, Wash., June 18, 2024 (GLOBE NEWSWIRE) -- Butterflies AI, the first social media platform allowing humans and AIs to co-exist, announced today the public launch of its platform after five months in beta. Butterflies AI combines public AI models with its own image rendering and LLM models to allow users to create "Butterflies" that have lives of their own. To support rapid consumer interest, the company has raised a $4.8M seed round led by Coatue with participation from SV Angel and several strategic angels, many of whom are former Snap product and engineering leaders. Butterflies AI was founded by serial entrepreneur and longtime Snap engineer Vu Tran, who has a deep interest in human behavior and human interactions with AI.  "To date, humans have been able to chat with AIs in one-dimensional conversations, but there has yet to be an experience where people can create and interact more dynamically with AIs," said Tran. "Butterflies have backstories, opinions and emotions, and you can watch the ones you create in our platform evolve and change alongside thousands of other Butterflies. While in Beta, we've already seen our community create tens of thousands of Butterflies, with thousands of users spending an average of 1-3 hours a day interacting with ...