Convai is a developer platform for creating 3D AI characters and conversational NPCs for virtual worlds. It uses multimodal conversational AI to enable natural language interaction in games, XR, and other immersive environments.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$21.0M
Seed, Dec 2022, Perplexity
UpMarket Estimate
$21M
Based on UpMarket valuation model
How to Invest in Convai Through UpMarket
Convai shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Convai offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Dec 2022
Seed
$21.0M
Why Investors Are Watching Convai
Growth Signal
Convai says 2024 revenue hit $6.5M, bootstrapped since 2022
Convai’s revenue reached $6.5M in 2024, according to a company-tracking database. The startup was founded in 2022 and is described as bootstrapped with no venture capital raised.
Product Milestone
Convai powers lifelike 3D AI characters for virtual worlds
Convai says its platform creates lifelike 3D AI characters that use natural language, voice, gestures, and contextually appropriate actions. Its embodied agents can perceive environments with multimodal sensing, seeing and hearing before responding.
Market Opportunity
Convai targets gaming first, with use cases beyond games
Nasdaq reported Convai’s tech is initially being used in video games, where players can talk to NPCs that do more than canned responses. Founder Purnendu Mukherjee said the use cases extend beyond gaming, and developers of all sizes are already working with the company.
Interested in Convai stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Convai is a private company and does not trade on any public stock exchange. Accredited investors can access Convai shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Convai does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Convai shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Convai shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Convai builds a platform for 3D AI characters and conversational NPCs in virtual worlds, and says 2024 revenue reached $6.5M after bootstrapping since 2022 at a $21M valuation — accredited investors can access Convai stock through UpMarket.