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AI companion startup Tolan raises $30M, doubling total funding to date

Tolan, which makes an AI companion app aimed at helping users manage tasks, relationships and emotions, has raised $30 million from investors including Union Square Ventures, Khosla Ventures and Homebrew. The round doubles Tolan's total funding and pushes its valuation above the previous $120 million mark, though the company has not disclosed the new figure. Tolan says it has over 250,000 active users who have logged more than 70 million conversations, with annual recurring revenue in the double-digit millions.