Andreessen Horowitz (a16z) is backing AI startup Cluely with $15 million in Series A funding, valuing the company at approximately $120 million. Cluely, founded by Roy Lee and Neel Shanmugam, offers an AI assistant designed to provide real-time support during interviews, sales calls, and meetings. The AI operates by monitoring the user's screen and audio, offering assistance without detection.
Cluely's technology has drawn both attention and controversy. The company initially gained notoriety as 'Interview Coder,' a tool designed to help candidates cheat on technical coding interviews. Despite ethical concerns and reports of users being caught, Cluely has attracted over 70,000 users. A16z's investment signals a shift in venture capital, with firms now considering business models that were previously seen as unacceptable. The funding will enable Cluely to further develop its AI capabilities and expand its user base.
