Fundraising Fox

Simile

Unicorn · $2B

Brooklyn, US · Founded 2016 · Delaware corporation · 40 employees · 13 known investors

Simile builds AI-driven simulation software using generative agents to model how customers, employees, or populations respond to change, helping organizations test decisions before acting. Its platform draws on nationally representative panel data to produce transparent, replicable simulations for enterprise decision-making, and has been used by CVS Health.

Also known as Simile AI

Founders & leadership

Simile was founded in 2016 by Joon Sung Park, Michael Bernstein, Percy Liang, and Lainie Yallen.

JSJoon Sung Park
Joon Sung ParkinCo-Founder, CEO
MBMichael Bernstein
Michael BernsteininCo-Founder
PL
Percy LiangCo-founder
LY
Lainie YalleninCo-Founder, COO
JG
James GeorgeNamed on SEC filing
AP
Alexander PorterNamed on SEC filing

Board

HH
Hadley HarrisBoard director

Investors · 13

Also in the syndicate · 7

Adam D'AngeloAndrej KarpathyFactoryFei-Fei LiGuillermo RauchHanabiIndex

Funding

SEC filings, press & company announcements

$604.6M disclosed across 4 of 6 rounds · 2018–2026

$4.6MraisedApr 2018 · 15 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • James GeorgeExecutive Officer, Director
  • Hadley HarrisDirector
  • Alexander PorterExecutive Officer, Director
Offering amount
$4.6M
Amount sold
$4.6M
Minimum investment
$10K
First sale
Jan 2018
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$2Bvaluation at Series BJul 2026
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Simile develops AI simulation software that models how people — customers, patients, employees or citizens — are likely to respond to a decision, allowing organizations to run scenarios at scale before committing budget or shipping a change. The company describes its product as the first AI simulation of society, populated by generative agents grounded in real humans, and is building a foundation model intended to predict human behavior across situations and scales. Reported use cases include simulating a product launch, a price change or a campaign, rehearsing earnings calls, modeling litigation outcomes, and testing policy changes.

According to the company, each simulated population begins with real people: proprietary algorithms design large-scale studies on an ongoing basis, and the resulting data is combined with behavioral and transactional datasets to train the models. Simile says it validates weekly against real humans through more than 7,000 evaluations spanning subpopulations and enterprise use cases, measuring distributional distance, effect sizes and accuracy against observed behavior, and that a separate confidence model tags each result with a predicted accuracy level. Models are retrained continuously on new behavioral, macroeconomic, pricing and policy data, and agents are described as consuming media in real time. Enterprises can also opt in to contribute their own first-party data — loyalty, balance or telemetry records — to train custom models.

Coverage of the company reports tens of millions of simulations run for Fortune 100 organizations, revenue growth of 5x in the five months following the February 2026 public launch, and headcount above 50. Named customers and partners include CVS Health, Wealthfront, Deloitte, Gallup, Banco Itaú, Suntory Beverages & Food and Garnett Station Partners.

Founding story

Simile was founded by Joon Sung Park, a Stanford PhD graduate whose doctorate was advised by Michael Bernstein and Percy Liang, after his 'Smallville' research project in which 25 AI agents lived simulated lives in a virtual town. The resulting paper, 'Generative Agents: Interactive Simulacra of Human Behavior,' won the Best Paper Award at UIST 2023 and became the basis for the company. Park co-founded Simile with Bernstein (Stanford HCI professor), Liang (director of Stanford's Center for Research on Foundation Models) and Lainie Yallen; all four worked together at Stanford before spinning the company out.

Business model

Simile sells enterprise access to its simulation platform and foundation models, positioning itself against traditional market research and consumer insights spend. Customers can also contribute opt-in, customer-governed first-party data to train custom models. Sources do not disclose pricing or contract structure.

Enterprise commercial relationships with large organizations; sources report revenue grew fivefold in the five months after launch but do not disclose absolute revenue or pricing mechanics.

Traction

Reported traction includes tens of millions of simulations for Fortune 100 enterprises, 5x revenue growth in five months, more than 50 employees, and named customers and partners CVS Health, Wealthfront, Deloitte, Gallup, Banco Itaú, Suntory Beverages & Food and Garnett Station Partners. CVS Health is reported to have built 100,000 AI patient twins from 2.9 million records to test pharmacy experiences, and Wealthfront's head of user research states the platform expanded qualitative research scope 15x. Simile was also selected for the Disney Accelerator.

Latest developments

On 30 July 2026 Simile announced a $200 million Series B at a $2 billion valuation led by Greenoaks, with Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory and CVS Health Ventures returning and Definition joining. The capital is intended to fund training of the core human-behavior foundation models, expansion of simulation compute infrastructure, and growth of commercial engineering teams across healthcare, financial services and media. The company also recently launched a product allowing organizations to act on predictions directly, and was selected for the Disney Accelerator.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Simile competes in the emerging synthetic-user and behavioral simulation category. One source values the global market research and consumer insights industry at roughly $80 billion, another cites market research services at $96.77 billion in 2026, and reports that the synthetic user research category has attracted over $1.5 billion in venture funding. Named peers include Aaru, which raised a $50M Series A in December 2025 at a $1B valuation, and BluePill AI, which raised $6M in seed funding in November 2025. Coverage also contrasts Simile with enterprise AI companies such as Glean, Harvey and Writer, which focus on producing content or answers rather than predicting responses.

Sources emphasize grounding agents in real human interviews and transaction data rather than generic LLM personas, weekly validation against real humans, and a confidence model that scores each simulation's reliability — presented as a response to the criticism that synthetic respondents are only as good as their calibration. The academic lineage of the generative agents research is also cited as a technical anchor.

Technology

A foundation model for human behavior trained on consented interviews and behavioral, transactional, macroeconomic, pricing and policy data, used to generate 'agentic twins' — generative agents grounded in real individuals rather than prompt-engineered personas. A confidence model scores the predicted reliability of each simulation. The approach descends from the Stanford 'Smallville' generative agents research, in which 25 AI agents lived simulated lives, forming routines and conversations without human scripting.

Go-to-market

Direct enterprise sales supported by a demo-request motion on the company website, with commercial engineering teams being scaled across healthcare, financial services and media following the Series B. The company also uses partnerships — such as a policy research trend-modeling partnership with Gallup — and customer references from marquee accounts including CVS Health, which is both a customer and, via CVS Health Ventures, an investor.

Large enterprises and Fortune 100 organizations, particularly in healthcare, financial services, consumer goods and media, plus market research, product, marketing, user research and policy teams; private equity investors are also cited as users.

Geography

Sources give differing locations: Palo Alto and New York, Palo Alto (described as a Stanford spinout), and San Francisco, California. Headcount is described as more than 50 people globally, and named customers span the US, Brazil (Banco Itaú) and Japan (Suntory Beverages & Food).

History

One source states the company was founded in late 2025 and launched publicly in February 2026 alongside a $100 million Series A led by Index Ventures, having previously operated in stealth. Five months later, on 30 July 2026, Simile announced a $200 million Series B at a $2 billion valuation led by Greenoaks, bringing total disclosed funding to more than $300 million in under six months. (Note: the founding date in these sources conflicts with the internally recorded founding year.)

Risks & controversies

TechCrunch characterizes the company's stated mission of simulating all eight billion people on earth as 'preposterous,' arguing that market research exists precisely because humans are unpredictable, while allowing that simulated users for research is a promising area. Industry data cited elsewhere indicates a trust gap in the category: only 8% of researchers fully trust synthetic alternatives even though 89% now use AI tools. Sources also note that reliance on customer first-party data raises governance questions, which the company addresses by describing such data as opt-in and customer-governed. Reported location and founding-date details are inconsistent across sources.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CVS Health AI patient twinsJan 2026100,000 agents
HeadcountAug 202661
HeadcountJul 202650 employees
Post-money valuationJul 2026$2B
Stated model accuracyJan 2026Company cites 85% accuracy claims
Total funding raisedJul 2026$300M
Weekly validation evaluationsJan 2026$7K

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 9

by search overlap
Simscale17 shared keywordsSimScale provides a cloud-based simulation platform that combines computational fluid dynamics, finite element analysis, thermal, and electromagnetics capabilities with AI-powered tools for engineers. The platform enables engineering teams to rapidly test design options and make decisions without requiring specialized CAE expertise or dedicated hardware.
Sim15 shared keywordsSim is an open-source AI workspace where teams build, deploy, and manage AI agents across their existing tool stack using 1,000+ integrations and every major LLM. The platform enables automation of real work through visual, conversational, or code-based interfaces for technical teams.
Steam14 shared keywordsSteam is a digital distribution platform for purchasing, downloading, and playing PC video games, operated by Valve. It serves gamers worldwide and offers a client application with multi-language support.
3Ds14 shared keywordsDassault Systèmes provides a unified 3D design and simulation platform (3DEXPERIENCE) that enables manufacturing, life sciences, healthcare, and infrastructure companies to create virtual twins of products and systems for innovation and optimization.
Atlas 3D13 shared keywordsSiemens provides industrial products, services and software spanning the industrial lifecycle, using AI, simulation and smart technologies for digital transformation. Its offerings include building operations management and modular, interoperable solutions for enterprise and industrial customers.
Simli12 shared keywordsSimli provides real-time AI video avatars with low-latency speech-to-video generation for use cases such as sales assistants, bots, mock interviews, language training, coaching, and customer success. It offers a developer product with pay-as-you-go billing that integrates with speech-to-text, LLM, and text-to-speech services.
Ansys11 shared keywordsAnsys provides engineering simulation software used by engineers and students to design and test products. Its tools cover simulation across areas from silicon to systems.
Grammarly10 shared keywordsGrammarly is an AI-powered writing assistant that helps users write with clarity and confidence across over 1 million apps and websites. The platform serves professionals, students, and teams through free and premium versions, and uses natural language processing to refine tone, suggest rewrites, and improve communication effectiveness.
Simular9 shared keywordsSimular builds AI agents that automate repetitive computer work for knowledge workers using a neuro-symbolic approach combining large language models with symbolic code. The company aims to achieve artificial general intelligence by creating agents that work autonomously like humans.

Companies competing with Simile for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Jul 2026
$200M Series B at $2B valuation led by Greenoaks

Series B of $200 million at a $2 billion valuation led by Greenoaks, with Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory and CVS Health Ventures returning and Definition joining as a new investor. Proceeds are earmarked for training the core human-behavior foundation models, expanding simulation compute, and scaling commercial engineering in healthcare, financial services and media.

$200M source ↗

Feb 2026
Emerges from stealth with $100M Series A led by Index Ventures

Simile launched publicly in February 2026, announcing a $100 million Series A led by Index Ventures with participation from Hanabi, A*, Bain Capital Ventures and angel investors including Andrej Karpathy, Fei-Fei Li and Adam D'Angelo.

$100M source ↗

Jan 2026
Selected for the Disney Accelerator

source ↗

Jan 2026
Partnership with Gallup on policy research trend modeling

Simile maintains a policy research trend-modeling partnership with Gallup; Gallup's Global Managing Partner describes the collaboration as focused on methodological rigor and transparency.

source ↗

Jan 2026
Launch of product enabling organizations to act on simulation predictions

Simile launched a product that lets organisations act directly on model predictions rather than treating them as background research.

source ↗

Jan 2023
Best Paper Award at UIST 2023 for 'Generative Agents: Interactive Simulacra of Human Behavior'

The research paper underlying the company, authored out of Stanford, won the Best Paper Award at UIST 2023.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
SimileDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Simile do?
Simile builds foundation models and generative agents that simulate human behavior so enterprises can test decisions before acting.
Who founded Simile?
Simile was founded by Joon Sung Park, Michael Bernstein, Percy Liang, Lainie Yallen in 2016.
Who are Simile's investors?
Simile's investors include A*, Bain Capital Ventures, Index Ventures, CVS Health Ventures, Definition, Greenoaks.
How much funding has Simile raised?
Simile has disclosed $604.6M raised across 4 of its 6 known rounds.
Where is Simile headquartered?
Simile is headquartered in Brooklyn, US.