Portola Funding History

Portola develops the Tolan AI companion app and runs a program where subject-matter experts help improve AI quality.

Company Overview

Tolan product logo by Portola

Portola

  • Character Chatbots
Official Website

Portola Funding Timeline

  1. Announced Oct 19, 2026

    Follow-On (Unlabeled in Sources)

    US$30 million

    The financing brought Union Square Ventures into Tolan’s investor group alongside existing backer Khosla Ventures.

    Led by Union Square Ventures. Participation included Khosla Ventures.

    Source · usv.com ↗
  2. Date under review

    Series A

    $20M

    Portola raised the Series A for Tolan, its AI companion app.

    Led by Khosla Ventures.

    Source · geekwire.com ↗

Portola Founding Team

Portola reunited two founders from Even. At Portola the team moved into consumer AI with Tolan, a conversational companion. The founding team included Ajay Mehta (President) and Aseem Kishore.

  • Quinten Farmer — CEO. Previously co-founded Even, acquired by Walmart.
  • Evan Goldschmidt — CTO. Previously CTO of Even.

Portola Products

  • Tolan

    Chat with a fictional alien companion on a phone.

Portola Company Development

A Companion Built Around a Fictional Character

Portola built Tolan around an alien character users can talk with over time. Its companion work is a different branch of development from the company’s program for subject-matter experts who help improve AI quality.

Portola Competitive Landscape

Conversation and Task Delegation

Tolan is designed for ongoing conversation with a fictional companion. Instinct is designed to respond to requests by text or phone and act on everyday errands. The distinction for users is whether the interaction itself is the product or a way to get something done.