Tolan - About the company
Tolan is a series B company based in Beaverton (United States), founded in 2023 by Evan Goldschmidt, Quinten Farmer and Ajay Mehta. It operates as a Developer of interactive artificial intelligence companions for personal emotional support. Tolan has raised $60M in funding from Khosla Ventures. The company has 978 active competitors, including 83 funded and 11 that have exited. Its top competitors include companies like Character.ai, Replika and Inflection.
Company Details
Developer of interactive artificial intelligence companions for personal emotional support. These digital entities utilize voice-first technology to listen, respond, and remember user interactions. The systems incorporate character design and interactivity to facilitate engagement. The software functions as a virtual confidant designed to assist individuals with managing daily experiences and interpersonal relationships.
- Website
- www.tolans.com/
- Email ID
- *****@tolans.com
- Registered Address
- 1445 JEFFERSON RD,ROCHESTER,NY,14623
Key Metrics
Founded Year
2023
Location
Beaverton, United States
Stage
Series B
Total Funding
$60M in 3 rounds
Latest Funding Round
Investors
Ranked
16th among 978 active competitors
Employee Count
21 as on Dec 31, 2025
Similar Companies
Legal entities associated with Tolan
Tolan is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
AQP, INC. CIN: 1038971 , United States, Active | Nov 12, 1985 | - | 21 (As on Dec 31, 2025) | - |
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Tolan's funding and investors
Tolan has raised a total funding of $60M over 3 rounds. Its first funding round was on Feb 26, 2025. Its latest funding round was a Series B round on Oct 19, 2026 for $*****. 3 investors participated in its latest round. Tolan has 1 institutional investor and 6 angel investors.
Here is the list of recent funding rounds of Tolan:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 19, 2026 | 6082179 | Series B | 5034927 | 1471860 | 2946755 | 5828496 |
Jul 07, 2025 | 5743399 | Series A | 1086484 | 4133241 | 5880136 | 7697986 |
Feb 26, 2025 | 3551845 | Seed | 6005186 | 2490938 |
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Tolan's founders and board of directors
Founder? Claim ProfileThe founders of Tolan are Evan Goldschmidt, Quinten Farmer and Ajay Mehta. Quinten Farmer is the CEO of Tolan.
Here are the details of Tolan's key team members:
- Evan Goldschmidt: Co-Founder & CTO of Tolan.
- Quinten Farmer: Co-Founder & CEO of Tolan. Contact Info: 1 email address
- Ajay Mehta: Co-Founder of Tolan.
View details of Tolan's Founder profiles and Board Members
Tolan's employee count trend
Tolan has 21 employees as of Dec 25. The total employee count is 75.0% more than what it was in Dec 24. Here is Tolan's employee count trend over the years:
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Tolan's Competitors and alternates
Top competitors of Tolan include Character.ai, Replika and Inflection. Here is the list of Top 10 competitors of Tolan, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Character.ai 2021, Menlo Park (United States), Series B | AI-based conversational solutions provider | $193M | 76/100 | |
2nd |  Replika 2015, San Francisco (United States), Series A | Developer of an artificial intelligence companion for empathetic conversation and support | $11M | 74/100 | |
3rd |  Inflection 2022, Palo Alto (United States), Acqui-Hired | Provider of emotionally intelligent artificial intelligence for personal and enterprise use | $1.52B | 71/100 | |
4th |  Merlin 2022, California (United States), Funding Raised | ChatGPT powered chrome extension provider | - | 61/100 | |
5th | Provider of AI-powered virtual assistant for automated telephone call management | $20.5M | 60/100 | ||
6th |  WRTN 2021, Seoul (South Korea), Series C | Provider of AI and NLP tools for text-based applications | $176M | 58/100 | |
7th | Developer of AI applications featuring interactive and personalized AI characters | $4.58M | 56/100 | ||
8th |  Sesame 2023, San Francisco (United States), Series B | Developer of personal artificial intelligence agents and integrated audio eyewear | $250M | 55/100 | |
9th |  Sider 2023, Boston (United States), Unfunded | AI-powered chatbot platform general assistant | - | - | 55/100 |
10th | Runable 2025, Dover (United States), Series A | Runable - Best way to work with AI | $21M | 54/100 | |
16th | Tolan 2023, Beaverton (United States), Series B | Developer of interactive artificial intelligence companions for personal emotional support | $60M | 55/100 |
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Tolan's Investments and acquisitions
Tolan has made no investments or acquisitions yet.
Reports related to Tolan
Here is the latest report on Tolan's sector:
News related to Tolan
Media has covered Tolan for a total of 2 events in the last 1 year.
•
Union Square Ventures Raises $900 Million for AI EraCryptocurrency•Oct 09, 2026•Union Square Ventures, Khosla Ventures, Tolan, Homebrew
•
Tolans Secures $10M Seed Investment Led by Portola to Propel InnovationLeadsOnTrees•Feb 27, 2025•Tolan
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