Plastic Labs has completed a pre-seed financing of 5.35 million US dollars and launched the AI identity platform Honcho

Plastic Labs announced the completion of a $5.35 million Pre-Seed round of financing, led by Variant, White Star Capital and Betaworks, with participation from Mozilla Ventures, Seed Club Ventures, Greycroft and Differential Ventures among others. Angel investors include Scott Moore, NiMA Asghari and Thomas Howell. At the same time, its personalized AI identity platform "Honcho" is now open for early access.

Honcho provides user identity modeling and social cognition functions through cloud-based APIs to help developers build AI agents with personalized memory and adaptability. Plastic plans to expand Honcho from a platform into a decentralized network that allows users to share their "digital identity representation" across multiple AI applications while maintaining sovereignty over it - promoting an individual-led alignment paradigm in AI.