Tolan snags $30M for its AI companion that helps users navigate life

Key points

• Tolan, an AI companion app that helps users manage daily life, relationships and goals, has raised another $30 million. Investors in the round include Union Square Ventures, Khosla Ventures and Homebrew.
• The company says its annual recurring revenue is in the double-digit millions, and it claims more than 250,000 active users.
• Tolan faces growing competition from AI agents that help users complete tasks, as well as legal risks around AI-powered emotional support.