Authentic Interactions (AI Inc.), a developer of artificial intelligence (AI)-generated digital humans, could launch a capital raise later this year or in 1H27, CEO Alex Quinn said.

The San Francisco-based company would look to raise between USD 10m and USD 50m, with the amount dependent on projects and initiatives at the time, Quinn said. Strategic investors have already approached the closely held company.

AI Inc. develops technology for creating realistic, interactive digital representations of people using AI-generated video, voice, and conversational reasoning. Quinn said a successor to the company’s underlying AI model is nine times larger and preparing for release.

Revenue is in the mid-seven figures, according to the CEO. Pricing is subscription-based with metered usage above the included allowance, at roughly USD 0.15 per interaction minute. Quinn sees a path to USD 100m in revenue by the end of 2027. The company could have shifted into profitability last year but chose to reinvest in generative AI, he said.

AI Inc. would consider tuck-ins of businesses with similar customers, in a new vertical, or with outdated technology, Quinn said. It would look at deals in the US and internationally, particularly in Europe, and has reached out to a few potential targets.

The company operates three businesses. StoryFile builds interactive experiences from recorded interviews, primarily for museums, institutions, and personal legacy applications; Lookalike lets consumers and businesses create digital humans from a photo and voice sample, add knowledge and tools, and deploy them through websites or other channels; and Authentex, an acquired UK business, serves pharmaceutical, medical, and healthcare clients.

Quinn expects Lookalike to mostly power the path to USD 100m in revenue, while StoryFile alone can grow 3x to 4x over the next 12 to 18 months.

AI Inc. was formed in early 2025 when Steven Splawn, now its chairman, acquired the assets of StoryFile out of Chapter 11 through his investment firm Key 7 Investment. Splawn owns a large majority of the company. Quinn became CEO in October 2025.

The company has no plans to pursue an exit in the near term, the CEO said.

Its customers are primarily US-based, though its digital humans can be deployed in any geography, Quinn said. AI Inc. has more than 50 museum partners and has hosted more than 5 million conversations. Customers include the National WWII Museum, the National Medal of Honor Museum, the Walmart Museum, and the Japanese American National Museum.

Other players in the real-time conversational digital-human space include UneeQ, Tavus, D-ID, HeyGen, and eSelf.ai. Companies offering personal legacy and digital-afterlife products include Delphi, 2Wai, and Uare.ai, formerly Eternos.life. A separate group of platforms, including Synthesia, DeepBrain AI, Hour One, and Colossyan, generates scripted AI avatar video rather than interactive conversation.

Investors have continued to fund the category through 2026. Synthesia, of London, raised USD 200m in a January Series E led by GV at a USD 4bn valuation. In 2025, Tavus raised USD 40m in a Series B; Delphi raised USD 16m in a Series A led by Sequoia Capital, with participation from Anthropic’s Anthology Fund; Uare.ai raised USD 10.3m in seed funding; and 2Wai raised USD 5m in a pre-seed round. HeyGen raised USD 60m in a 2024 Series A led by Benchmark at a USD 500m valuation.

Consolidation has run alongside the financings. Kaltura acquired Israel-based eSelf.ai in 2025 for USD 7.5m in cash and stock, and Tel Aviv-based D-ID acquired Berlin-based simpleshow the same year.

Labor displacement is the biggest macro affecting the business, Quinn said. He expects AI to replace customer-facing roles such as restaurant bookings and hotel check-in. He said he does not mind the US NO FAKES Act, which cleared the Senate Judiciary Committee in June 2026, and welcomed guardrails after what he called a Wild West period. The company open-sourced its own standard, the Digital Likeness Directive, in July, letting individuals opt in or out of generative or archival use of their likeness.

AI Inc. has around 12 employees. In February, it added Siri co-founder Adam Cheyer and Pluto TV co-founder and former Paramount Streaming CEO Tom Ryan to its advisory board.