Breaking
Simile raises $100M Series A led by Index Ventures Stanford spinout building a foundation model for human behavior Backers include Andrej Karpathy and Fei-Fei Li CVS Health and Telstra among first enterprise customers Forecasted 8 of 10 analyst questions on a real earnings call From Smallville to Palo Alto - the simulation company emerges from stealth Simile raises $100M Series A led by Index Ventures Stanford spinout building a foundation model for human behavior Backers include Andrej Karpathy and Fei-Fei Li CVS Health and Telstra among first enterprise customers Forecasted 8 of 10 analyst questions on a real earnings call From Smallville to Palo Alto - the simulation company emerges from stealth
Simile
Applied AI Lab // Palo Alto

Simile.

"The Stanford researchers who built a town for 25 AI agents grew up, raised $100 million, and started selling tickets to the simulation." - Editor's note, June 2026

The simulation company. A foundation model that pretends to be you, so the companies you deal with can practice on a copy first.

Founded2025
HQPalo Alto, CA
Team~30 people
Last raise$100M Series A

A town of 25 grew into a population.

It is mid-2026. Somewhere in a Palo Alto office, an AI version of a CVS shopper is deciding whether to buy the off-brand allergy pills. A copy of an equities analyst is drafting a question for next week's earnings call. None of them are real. All of their answers will matter.

Simile does not look like other AI companies. There is no chatbot in a sidebar, no glossy demo of a model writing a poem about ducks. What it sells is closer to a wind tunnel. You bring a decision; Simile populates a room with synthetic humans modeled on real ones, then watches them react.

The lab was founded in 2025 by four people with overlapping CVs and unusually intersecting research interests. Joon Sung Park is the chief executive. Before he wrote his dissertation he painted in oils. Michael Bernstein is a Stanford HCI professor and a co-author of ImageNet, which is a polite way of saying he helped set the table for modern AI. Percy Liang runs Stanford's Center for Research on Foundation Models. Lainie Yallen rounds out the founding team. They are friends, collaborators, and now colleagues at a company that, until February, almost nobody knew existed.

The story that gets repeated - and it is the right one to repeat - is the story of Smallville. In 2023, the team published a paper about a tiny simulated town inhabited by 25 generative agents. The agents remembered things. They planned their days. One of them decided to throw a Valentine's Day party, and the others, unprompted, organized around it. The paper went viral inside research circles and well beyond them. It suggested something previous agent demos had not: that large language models, with the right memory and reflection scaffolding, could produce behavior that looked uncannily social.

"Today we're launching Simile, the simulation company."Michael Bernstein, co-founder

The leap from a paper to a company was not obvious to everyone. Simulation, as a category, has been quietly unfashionable in tech for years. Agent-based models lived in academic political science and supply-chain consultancies. Synthetic respondents had a brief, hyped, and slightly embarrassing moment when ChatGPT first opened the door. The objection was always the same: simulated humans are not real humans, and the difference is where the money lives.

Simile's bet is that the gap is closing fast, and that the right way to close it is to treat behavior itself as a foundation model. The team has been training on something stranger than the usual diet of internet text: transcripts from interviews with hundreds of real people about their actual lives, historical transaction data, and decades of behavioral-science literature. The output is meant to be a model whose primary skill is not language - that comes for free - but plausible decisions.

The receipts.

A snapshot of where Simile sits in mid-2026.

$100M
Series A, Feb 2026
30
People on staff
7 mo
In stealth before launch
8/10
Analyst questions correctly forecast

What you can actually do with it.

Simile sells access to a population, not a chatbot. Here is what enterprise customers are doing with that population today.

Merchandising

Stock the right shelf.

CVS Health uses Simile to model how different customer segments respond to inventory and product placement choices before stores actually rearrange anything.

Investor Relations

Rehearse the earnings call.

Public companies simulate analyst panels with agents modeled on real coverage to anticipate questions. One reported run hit eight of ten.

Policy & Risk

Pre-test the policy.

Teams stress-test policy changes, pricing tweaks, and litigation scenarios against synthetic populations before live rollout.

Product

Get feedback before launch.

Run a concept past a synthetic focus group of thousands overnight. Cheaper than a recruit, faster than a panel, blunter than your designer.

UX Research

Test the flow.

Drop simulated users into a prototype to find friction your beta testers will hit next week.

Telecom & Beyond

Listen to your customer base.

Telstra, Australia's largest telco, is using Simile to model customer reactions across scenarios.

Not your average corpus.

An approximate look at what Simile's behavior model has been fed. These are illustrative proportions, not exact figures.

Composition of Simile's training inputs

Illustrative // sourced from public statements
Interviews
Hundreds
Transactions
Historic
Beh. science
Journals
Agent memory
Smallville lineage

Who built it.

Stanford lineage, unusual second careers, and one shared obsession.

JP

Joon Sung Park

Co-founder / CEO
MB

Michael Bernstein

Co-founder
PL

Percy Liang

Co-founder
LY

Lainie Yallen

Co-founder

The Series A.

A $100 million round that surprised people mostly with how unsurprised they were.

$100M
Series A // February 2026 Led by Index Ventures. With Bain Capital Ventures, Hanabi, and A*. Angels include Andrej Karpathy, Fei-Fei Li, Adam D'Angelo, Guillermo Rauch, and Scott Belsky.
Index Ventures
Bain Capital Ventures
Hanabi
A*
Andrej Karpathy
Fei-Fei Li
Adam D'Angelo
Guillermo Rauch
Scott Belsky

From paper to platform.

2023
Smallville paper introduces 25 generative agents living together in a sim town. The cited references pile up quickly.
2025
Park, Bernstein, Liang and Yallen incorporate Simile and enter stealth. About seven months of quiet building follows.
Feb 2026
Simile emerges with a $100M Series A led by Index Ventures, with Karpathy and Fei-Fei Li joining the cap table.
2026
CVS Health and Telstra named as anchor enterprise customers; team headcount around 30.

Side notes.

FACT 01The CEO is a former oil painter. His agents now paint by inference.
FACT 02The original Smallville agents, given a free afternoon, organized a Valentine's Day party.
FACT 03Simile spent its first seven months in stealth, which is a long time in 2026 AI years.

The neighborhood.

Simile is not alone in trying to make AI feel more human. It is, however, taking the longer route.

The synthetic-respondent shelf

A growing crowd of startups - Aaru, Syntheticusers.com, Fairly AI, and others - is pitching a faster, cheaper alternative to focus groups. Most rely on prompting general-purpose LLMs to roleplay personas.

Simile's longer route

Simile's pitch is that behavior is itself worth a foundation model - trained on interviews, transactions, and behavioral-science literature, not just internet text. Slower to build. Harder to copy.

Interviews & demos.

If you want to hear Joon Sung Park explain the idea in his own words.

Pass it on.

Share this page, or follow Simile at the source.

Back in that Palo Alto office.

The synthetic CVS shopper has made up her mind about the allergy pills. The copy of the equities analyst has filed his question. Somewhere a real product manager is reading the simulation log and changing her plan.

None of these conversations happened. They will, though, soon enough, and when they do, the people running them will have already practiced. That is what Simile sells - not a prediction, exactly, but a rehearsal hall.

The room with 25 agents has gotten very crowded.