Genies

Genies

Creates customizable digital avatars for users

About Genies

Simplify's Rating
Why Genies is rated
A+
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated A on Differentiation

Industries

VR & AR

Consumer Software

Entertainment

Company Size

201-500

Company Stage

Series C

Total Funding

$256.9M

Headquarters

San Francisco, California

Founded

2017

Overview

Genies.com specializes in creating digital avatars that closely resemble and think like their human users. These avatars serve as personalized digital representations for individuals, allowing them to engage in various online interactions such as social media, virtual meetings, and gaming. Users can customize their avatars in terms of appearance, clothing, and personality traits, enabling authentic expression in the digital world. Genies.com also caters to businesses and brands, offering custom avatars for more interactive marketing and audience engagement. The company operates on a freemium model, where basic avatar creation is free, while advanced features require a subscription or one-time purchase. Genies.com stands out in the avatar technology sector by focusing on the personalization and intelligence of its avatars, aiming to enhance digital identity and expression for both consumers and businesses.

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Simplify's Take

What believers are saying

  • Growing demand for personalized digital experiences boosts Genies' market potential.
  • User-generated content platforms like Parties create new monetization opportunities for Genies.
  • Expansion of AR and VR technologies opens new avenues for Genies' avatar experiences.

What critics are saying

  • Increased competition from companies like Ready Player Me threatens Genies' market share.
  • Privacy concerns over data collection for personalized avatars may lead to regulatory issues.
  • Economic downturns could reduce consumer spending on Genies' premium avatar features.

What makes Genies unique

  • Genies offers AI-powered avatars for personalized user interactions and experiences.
  • The company has partnerships with Universal Music Group and Warner Music Group.
  • Genies' AR Developer Kit enables interoperable avatar experiences across platforms.

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Funding

Total Funding

$256.9M

Above

Industry Average

Funded Over

7 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$150M
Genies

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Bereavement Leave

Hybrid Work Options

Professional Development Budget

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

4%

2 year growth

0%
VentureBeat
Apr 4th, 2025
Genies Unveils User-Generated Content Tools That Let Anyone Create Custom Ai Avatars

Genies has been investing heavily for this moment. The culture-focused avatar technology company is revealing its user-generated content tools that let anyone create custom AI avatars.Genies raised $150 million in 2022, and it has been busy ever since building out the tech stack for what it calls Parties, or gaming platforms driven by AI avatars, user-generated content, and personalized gameplay. In an exclusive interview, Genies CEO Akash Nigam gave GamesBeat a look under the hood at Genies’ technology that has been in the works for years with the hope of powering the next generation of digital experiences. While the tech is established, Nigam has never shown it off to a journalist before.“As you can see, the quality of it is very high. As far as just like the different kinds of business model that you could entertain here, you can foresee something like a commission fee or something like that for people who are creating these things,” Nigam said. “I can’t reveal the partners that we have onboarded, but they are tier one. They’re like the biggest ones in entertainment and gaming.”Akash Nigam is CEO of Genies, the maker of Parties.Nigam said the company was driven by the mantra where anyone should be able to create anything

PYMNTS
Feb 14th, 2025
Openai Plans Grand Expansion While Losing Billions. Will It Survive?

From its genesis as a small nonprofit startup in Silicon Valley in 2015, OpenAI has transformed itself into the top artificial intelligence (AI) company today, a status minted by ChatGPT, the most widely used AI chatbot in the world. Its ambitions are nothing short of grand: Last month, OpenAI CEO Sam Altman stood with President Trump, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison to announce a $500 billion project called Stargate that would build AI data centers and other infrastructure. San Francisco-based OpenAI has opened more offices globally — in New York, Seattle, London, Paris, Brussels, Singapore, Tokyo and Dublin — and it has diversified its operations across several industries. These include government contracts, the defense industry, and business automation across sectors. Earlier this month, it entered into a joint venture with SoftBank to integrate AI agents into the business workflows of enterprise clients

VentureBeat
Nov 19th, 2024
Genies Launches Parties For Brands And Creators To Launch Their Own ‘Ai Roblox’

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn MoreGenies, a culture-focused avatar technology company, has launched Parties after developing its foundational technology stack since the last fundraise.Genies equips intellectual property owners and creators with a suite of avatar technology and user-generated content (UGC) tools to co-create and launch their own Parties — gaming platforms driven by AI avatars, user-generated content, and personalized gameplay. Genies raised a whopping $150 million in 2022, and it has been busy ever since.“The ‘next internet’ is already upon us as the convergence of AI, gaming, and XR become more and more realized – mobile apps will soon start to look like ‘mini Robloxes’ powered by two key defining themes: smart avatars and UGC,” said Akash Nigam, CEO of Genies, in a statement. “Traditional usernames and profiles will transform into smart avatar identities and fans will become co-creators of a brand’s IP through UGC. Our Party tech stack, which enables dynamic identities, UGC, and interoperability, is at the core of the Genies’ mission to power the next layer of the internet.”Genies is touting smart avatars.Genies’ technology stack focuses on powering dynamic avatars, unlocking a variety of quality user-generated content, and enabling interoperability so that a user can seamlessly travel from one Party to the next.For IP partners, this technology transforms their online presence into their own Party, unlocking the ability for their audience to build relationships with their Smart Avatars and co-create an infinite supply of UGC games, avatars, fashion, and more, all of which is built around their IP.“Disney’s $1.5 billion deal with Epic Games is a major indicator of how UGC-driven platforms are becoming a central pillar for brands to engage with their audiences,” said Nigam. “This partnership, along with the growing number of brands activating within platforms like Roblox and Fortnite, signals that more and more IP owners will look to launch their own UGC worlds

VentureBeat
Jul 11th, 2024
Genies Launches Creator And Partner Network For Avatar Ip Innovation

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Genies has introduced the Genies Creator Partner Network to enable brands and others to develop and commercialize digital avatars.The network consists of Genies’ roster of celebrity creators — famous people who create an avatar of themselves as digital personae — along with a growing rolodex of innovative tech, brand and agency partners who can now enable ways for talent to activate their Genies and expand their avatar intellectual property. Through Genies’ suite of tools, such as its Avatar Framework, the company has enabled compatibility and customization of their avatars, which unlocks the ability to create a wide range of unique avatar experiences. This provides creators with the comfort and value of a persistent virtual identity, while giving partners a jumpstart with their activation builds. Over recent years, renowned figures such as Paris Hilton, Migos, Justin Bieber, and new stars like Lay Bankz, JVKE, and Lil Durk have harnessed their avatars to connect with fans in various ways. For creators, these avatars transcend simple digital representations, becoming powerful storytelling and commercialization tools—valuable pieces of intellectual property (IP), Genies said. Lil Snack GamesBeatGamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love

VentureBeat
May 29th, 2024
Genies Nabs Former Netflix Games Creative Director To Run Games

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Genies, a maker of social avatars, has hired former Netflix Games creative director Andrew Chambers the head of its games studio.Genies has been building and releasing a suite of tools, such as its unique avatar and interoperable frameworks, to enable anyone to create their own avatar experiences and platforms. With over 25 years of experience helping to shape the gaming industry, Chambers will help deploy an already created immersive, gamified, and interoperable digital identity layer for the internet.“We’ve been on a mission of creating technology that resembles an ‘open-source Roblox model’ where all interactive experiences are interoperable with one another. As the world becomes more immersive and we see more demand, Andrew will execute the game mechanics of how interoperability will work across all universes,” said Akash Nigam, CEO of Genies, in a statement. “By creating and offering interoperability, users can properly invest and build their persistent digital identity, an avatar, which we believe will be the next username of the internet

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