Felicis Ventures leads $10 million round in AI startup MemGPT at a $70 million valuation, sources say

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MemGPT helps users "build LLM agents with long term memory and custom tools." It is an agentic framework focused on increasing the memory of large language models. The MemGPT project has over 11,000 stars on GitHub. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement MemGPT, a toolkit for developing AI agents, has raised a $10 million round at a $70 million valuation, Business Insider has learned. Felicis Ventures led the round, four sources familiar said. This is the company's first round, a source said. MemGPT helps users "build LLM agents with long term memory and custom tools," according to its associated GitHub page. The MemGPT project has over 11,000 stars on GitHub, indicating the project's popularity among developers. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .