Letta, a San Francisco, CA based generative AI startup spun out of UC Berkeley’s AI research lab, emerged from stealth with a $10m seed funding.
The round was led by Felicis with participation from Sunflower Capital and Essence VC, as well as angels Jeff Dean (Chief Scientist at Google DeepMind), Clem Delangue (CEO of HuggingFace), Cristobal Valenzuela (CEO of Runway), Jordan Tigani (CEO of MotherDuck), Tristan Handy (CEO of dbt Labs), Robert Nishihara (co-founder of Anyscale), and Barry McCardel (CEO of Hex).
The company intends to use the funds to continue building a new hosted product, Letta Cloud, for developers to build and deploy agents with advanced memory systems.
Letta plans to use the funding to continue building a new hosted product, Letta Cloud, for developers to build and deploy agents with advanced memory systems. Letta Cloud includes a hosted agent service, which allows developers to deploy and run stateful agents in the cloud, accessible via REST APIs. It is “model agnostic”, meaning that developers can easily swap model endpoints and bring their agents to any LLM provider (even enabling a single agent to run on multiple models).
Additionally, Letta Cloud provides an “Agent Development Environment” (or “ADE”) for agent builders to develop and debug agents by directly viewing and editing both the agent’s prompts and its memory. This is enabled by Letta’s approach to “white-box memory”, which makes the exact prompts and memories being passed to the LLM on each reasoning step transparent to the developer, unlike many existing agent frameworks.
Letta co-founders Charles Packer and Sarah Wooders met during their PhD research at the Sky Lab at UC Berkeley under the same advisors, Joseph Gonzalez and Ion Stoica. Both professors are also joining Letta’s founding team in an advisory capacity.
The company is releasing its new Agent Developer Environment and API platform for building and deploying AI agents for free, and is onboarding early developers to the beta of its Letta Cloud hosted platform. Developers can install Letta’s open source software and sign up for the hosted beta at letta.com.
FinSMEs
23/09/2024