# Charlie Labs revenue, valuation & funding Markdown copy of https://realalpha.app/companies/charlie-labs/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy. Charlie Labs, a New York maker of autonomous coding agents, shut down its service on October 5, 2026. It was private with no stock ticker. It says it raised a $10M seed, and no valuation or revenue figure was ever reported. Checked Nov 7, 2026 ## At a glance - Status: shut down. It announced its closing on September 20, 2026, and the service went offline on October 5, 2026. It was private, with no ticker. - Valuation: no valuation has been reported. - Funding: a $10M seed, according to its careers page. - Founded: Charlie began in fall 2024 as Dexabot inside Dexa. Caplight lists the company as founded in 2025. - CEO: Riley Tomasek, its founder. - Investors: HF0, The General Partnership, Abstract and Soma Capital, plus angels including Guillermo Rauch. - Products: Charlie, a coding agent for GitHub, Linear and Slack, and Daemons, always-on agents that maintain agent-created work. - Headquarters: New York City, according to Caplight. - On Real Alpha: 1 moments of its people talking, from 1 interviews ## Is Charlie Labs public? Can you buy its stock? No. Charlie Labs was a private company, so its shares never traded on an exchange and it has no ticker symbol. [Caplight](https://www.caplight.com/company/charlielabs) says no IPO plans were announced. On September 20, 2026 the company said it was [closing and winding down](https://charlielabs.ai/blog/charlie-is-shutting-down/) operations. It stopped taking new signups, and the service shut down completely on October 5, 2026. Its shares were held privately by its founder, staff and investors. Its careers page offered staff option grants. This page reports facts and gives no investment advice. ## How Charlie Labs made money Charlie Labs sold monthly plans for its agents, each with daily and weekly usage limits. It also sold prepaid usage above those limits. When it closed, it [canceled paid subscriptions](https://charlielabs.ai/blog/charlie-is-shutting-down/) effective October 5, 2026 and refunded each customer's latest payment in full. - **Free.** $0 a month, with daily and weekly limits. The company said most teams could run a few daemons on it. · [Charlie Labs pricing page](https://charlielabs.ai/pricing) - **Starter.** $50 a month, with 2.5 times the Free plan's limits. · [Charlie Labs pricing page](https://charlielabs.ai/pricing) - **Team.** $200 a month, with 10 times the Free plan's limits. · [Charlie Labs pricing page](https://charlielabs.ai/pricing) - **Growth.** $1,000 a month, with 50 times the Free plan's limits. · [Charlie Labs pricing page](https://charlielabs.ai/pricing) ## Products Charlie began in fall 2024 as Dexabot, inside Dexa, according to the company's [about page](https://charlielabs.ai/about/). - **Charlie V0** (spring 2025). The first formal version of the coding agent, working across GitHub, Linear, Slack, Sentry and cloud development environments. · [Charlie Labs about page](https://charlielabs.ai/about/) - **Charlie V2** (April 3, 2026). A runtime for long, multi-step coding work across GitHub, Linear and Slack. Existing users were upgraded automatically. · [Charlie Labs blog](https://charlielabs.ai/blog/charlie-v2-introducing-the-coding-agent-operating-system-caos/) - **Daemons** (April 20, 2026). Always-on agents with set roles, defined in DAEMON.md files, that maintain work other agents create. · [Charlie Labs blog](https://charlielabs.ai/blog/introducing-daemons/) ## Customers Charlie Labs published a case study on Coforma in August 2026. It never gave a customer count. - **Coforma,** a firm that helps public agencies update systems for essential services. It used Charlie for daemons, PR reviews and dozens of repositories. · [Charlie Labs blog](https://charlielabs.ai/blog/how-coforma-scales-engineering-with-charlie/) - **Coforma's numbers.** Over eight months Charlie opened 1,538 pull requests, merged 1,198, did 9,264 PR reviews and made 3,561 commits. · [Charlie Labs blog](https://charlielabs.ai/blog/how-coforma-scales-engineering-with-charlie/) - **Site traffic.** Caplight noted on May 18, 2026 that monthly visitors rose 126% from the month before, to 7.8K. · [Caplight](https://www.caplight.com/company/charlielabs) ## Leadership - **Riley Tomasek,** founder and CEO. He was an engineer at Dropbox, cofounded Flight, which Figma acquired, and founded Dexa AI. · [Charlie Labs about page](https://charlielabs.ai/about/) - **Jerrod Engelberg,** COO. He led Codecov through its acquisition by Sentry. · [Charlie Labs about page](https://charlielabs.ai/about/) ## Who owns Charlie Labs? Its founder, staff and investors. As a private company it never disclosed who held what. - **HF0, The General Partnership, Abstract and Soma Capital** are named as investors on its about page, along with angels including Guillermo Rauch. · [Charlie Labs](https://charlielabs.ai/about/) - **Maple VC** is listed as an investor by PitchBook, alongside Abstract Ventures and The General Partnership. · [Caplight](https://www.caplight.com/company/charlielabs) - **The seed round.** Its careers page says it raised a $10M seed. No date, valuation or lead was given. · [Charlie Labs](https://charlielabs.ai/careers/) ## Timeline and latest news - Oct 5, 2026 · The Charlie service shut down completely, and paid subscriptions ended. · [Charlie Labs blog](https://charlielabs.ai/blog/charlie-is-shutting-down/) - Sep 20, 2026 · Charlie Labs announced it was closing and winding down operations. · [Charlie Labs](https://charlielabs.ai/blog/charlie-is-shutting-down/) - Aug 24, 2026 · A Coforma case study said Charlie opened 1,538 pull requests in eight months. · [Charlie Labs blog](https://charlielabs.ai/blog/how-coforma-scales-engineering-with-charlie/) - May 18, 2026 · Caplight noted monthly site visitors had reached 7.8K. · [Caplight](https://www.caplight.com/company/charlielabs) - Apr 20, 2026 · Charlie Labs launched Daemons, its always-on role-based agents. · [Charlie Labs blog](https://charlielabs.ai/blog/introducing-daemons/) - Apr 3, 2026 · Charlie V2 launched, and existing users were upgraded automatically. · [Charlie Labs blog](https://charlielabs.ai/blog/charlie-v2-introducing-the-coding-agent-operating-system-caos/) - Sep 2024 · Charlie began as Dexabot inside Dexa. · [Charlie Labs about page](https://charlielabs.ai/about/) ## Questions people ask ### Is Charlie Labs a public company? Can I buy Charlie Labs stock? No. Charlie Labs was private and has no ticker. [Caplight](https://www.caplight.com/company/charlielabs) says no IPO plans were announced. ### Is Charlie Labs shutting down? Yes. It announced its closing on September 20, 2026, and the service [shut down completely](https://charlielabs.ai/blog/charlie-is-shutting-down/) on October 5, 2026. Paid customers got their latest payment refunded. ### Who owns Charlie Labs? Its founder, staff and investors, including HF0, The General Partnership, Abstract and Soma Capital. Stakes were never disclosed. ### Who is the CEO of Charlie Labs? Riley Tomasek, its founder. He earlier founded Dexa AI and cofounded Flight, which Figma acquired. ### How much is Charlie Labs worth? No valuation has been reported. Its [careers page](https://charlielabs.ai/careers/) says it raised a $10M seed. ### How did Charlie Labs make money? Monthly plans for its agents, from a $0 Free plan to a [$1,000 a month](https://charlielabs.ai/pricing) Growth plan, plus prepaid usage above plan limits. ### Where is Charlie Labs headquartered? New York City, according to [Caplight](https://www.caplight.com/company/charlielabs). ## Every moment from Charlie Labs's people ### OpenAI LIVE: Greg Brockman, Mark Chen & More TBPN · Aug 7, 2025 - [Charlie wrote 98% of merged code in one August test](https://realalpha.app/s/charlie-wrote-98-of-merged-code-in-one-august-test/) · 4 min ## People on Real Alpha - [Riley Tomasek](https://realalpha.app/builders/riley-tomasek/), Founder & CEO, Charlie ## How this page is sourced Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.