PANews reported on April 11 that Plastic Labs announced the completion of a $5.35 million Pre-Seed round of financing, led by Variant, White Star Capital and Betaworks, with participation from Mozilla Ventures, Seed Club Ventures, Greycroft and Differential Ventures, and angel investors including Scott Moore, NiMA Asghari and Thomas Howell. At the same time, its personalized AI identity platform "Honcho" is now open for early access.

Honcho provides user identity modeling and social cognition capabilities through cloud APIs, helping developers build AI agents with personalized memory and adaptability. Plastic plans to expand Honcho from a platform to a decentralized network, allowing users to share and sovereignly own their "digital identity representation" among multiple AI applications, promoting an individual-led AI alignment paradigm.