heyyyyAI raises $10.5 million from one investor for AI character app
A Thinking Ape co-founders Wilkins Chung and Kenshi Arasaki are back in consumer apps after selling their game studio to Embracer.
By Ryan Merket · Published
Why it matters
The financing gives two founders with a proven record in mobile-game monetization substantial capital to test whether AI characters can become a durable consumer entertainment business.
Wing-Hei Wilkins Chung and Kenshi Arasaki (@arasakik), the entrepreneurs who built Vancouver mobile-game developer A Thinking Ape, have raised $10.5 million for heyyyyAI Inc., their new consumer AI company.
A Form D filed with the US Securities and Exchange Commission on August 10th reports that heyyyyAI sold the entire offering to one investor. The first sale occurred on August 7th, three days before Chung signed the filing as chief financial officer.