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- Adept AI
Adept AI Valuation, Funding & Investors
Adept AI is valued at $1B as of March 2023.
Last Adept AI valuation
$1B
Series B · Mar 2023
Last Adept AI funding round
$350M
Series B · Mar 2023
Cumulative funding Adept AI raised
$415M
across 2 funding rounds
Key investors in Adept AI
General Catalyst
Spark Capital
Greylock
Scott Belsky
Addition
Root Ventures
About Adept AI
Adept AI is a San Francisco-headquartered AI research lab developing models that automate software tasks using natural language instructions. Its ACT-1 platform enables developers to build applications through browser-based actions, competing with robotic process automation via foundation models trained on code and interfaces.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Mar 2023)
Adept AI Valuation
Adept AI is currently valued at $1B, based on its Series B in March 2023.
The $350M round was led by General Catalyst and Spark Capital.
Adept AI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2023 | Series B | $1B |
Adept AI Funding History
Adept AI has raised a total of $415M across 2 funding rounds.
Adept AI's first fundraising round was a $65M Series A in April 2022. The most recent completed round was a $350M Series B in March 2023.
Adept AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Series B | General Catalyst (lead); Spark Capital (lead) | $350M | $1B | Adept AI, founded by former OpenAI and Google researchers including CEO David Luan, Ashish Vaswani, and Niki Parmar, develops agentic AI solutions that enable knowledge workers to execute complex software workflows using natural language commands. Unlike text or image generators like OpenAI, Adept's platform, featuring models like ACT-1, translates user intents into actions across websites, applications, and enterprise tools, automating tasks such as browsing, data entry, and multi-tool coordination. On March 14, 2023, Adept announced a $350 million Series B round led by General Catalyst and co-led by Spark Capital, with participation from Addition, Greylock, Atlassian Ventures, Microsoft, NVIDIA, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel, A.Capital, and others. This brought total funding to $415 million following a $65 million Series A in 2022, cementing unicorn status at a $1 billion post-money valuation. The round validated Adept's human-centered approach to general intelligence, positioning it to build AI teammates for productivity enhancement. Proceeds fund productization, model training, and headcount growth to advance multimodal foundation models for software actions. Strategic investors like Microsoft, NVIDIA, Atlassian, and Workday see potential integration with their software ecosystems. Adept's capabilities lower barriers for enterprise workflows, promising inclusive prosperity amid surging AI investment, with global AI spending projected at $154 billion in 2023. |
| Apr 2022 | Series A | Addition (lead); Greylock (lead); Root Ventures; Howie Liu; Sarah Meyohas; Andrej Karpathy; Chris Re; Scott Belsky; Joe Morrissey | $65M | - | Adept AI, founded in 2022 and headquartered in San Francisco, develops AI models that enable humans and computers to collaborate creatively, focusing on action-oriented foundation models like ACT-1 that perform tasks on software tools using natural language instructions. The company targets enterprise applications, attracting interest from software giants like Microsoft, Nvidia, Atlassian, and Workday for potential integrations. In April 2022, Adept raised $65 million in a Series A round led by Addition and Greylock, with participation from investors including Andrej Karpathy, Chris Re, Howie Liu, Joe Morrissey, Root Ventures, Sarah Meyohas, and Scott Belsky, to scale model training infrastructure and expand enterprise capabilities. This Series A followed earlier seed and early rounds totaling another $65 million from 2017-2021 for foundational AI development and prototypes, bringing total funding to $130 million pre-Series B. The round positioned Adept to build toward natural language interfaces for productivity, allowing non-experts to perform complex tasks. Adept planned to use Series A proceeds for productization, model training, and headcount growth amid surging AI interest. By Series B, the company had 60-120 employees serving multiple verticals like sales. |
Who has invested in Adept AI?
11 investors have backed Adept AI across its funding rounds, including General Catalyst, Spark Capital, Greylock, Scott Belsky, Addition and Root Ventures.
Lead investors include General Catalyst, Spark Capital, Addition and Greylock.
Adept AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Mar 2023 | ||
| 1 | Lead | Mar 2023 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| -- | 1 | Participant | Apr 2022 | |
| 1 | Participant | Apr 2022 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 11 Adept AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAdept AI Competitors
Adept AI competitors include listed companies like Kodiak AI and Arcs Co, and private ones like Resolve.ai, Mech-Mind Robotics, Exodigo and Apprentice.io.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $4M | - | $1B | 250.0x | ||
| Private | - | - | $858M | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x | ||
| Private | $25M | - | $700M | 28.0x | ||
| Private | - | - | $622M | - |
Adept AI Public Comps
Adept AI is still privately-owned, but its public comps include SEER Robotics, Appier Group, Rackspace, Intelbras, Rezolve AI, Afcon Holdings, Red Cat Holdings, Beijing CTJ Info Tech, Plejd and Mesnac.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($6M) | 13.2x | - | (156.2x) | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $867M | $131M | 1.0x | 1.0x | 6.5x | 7.1x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $555M | $57M | 2.2x | - | 21.5x | - | |||
| $41M | ($72M) | 19.0x | 6.6x | (10.7x) | (8.8x) | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
This data is available for Pro users. Sign up to see all Adept AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Adept AI
| When was Adept AI founded? | Adept AI was founded in 2022. |
| Where is Adept AI headquartered? | Adept AI is headquartered in San Francisco, CA, United States. |
| Is Adept AI publicly listed? | No, Adept AI is a private, VC-backed company. |
| What is Adept AI's valuation? | Adept AI was last valued at $1B in its Series B in March 2023. |
| How much funding has Adept AI raised? | Adept AI has raised $415M across 2 funding rounds. |
| What was Adept AI's last funding round? | Adept AI's last funding round was a $350M Series B in March 2023, led by General Catalyst and Spark Capital. |
| Who are Adept AI's investors? | Adept AI's investors include General Catalyst, Spark Capital, Addition, Root Ventures, Howie Liu, Sarah Meyohas, Andrej Karpathy, Greylock, Chris Re, Scott Belsky and 1 other. |
| Which companies are comparable to Adept AI? | Companies comparable to Adept AI include Resolve.ai, Mech-Mind Robotics, Kodiak AI, Arcs Co, Exodigo and Apprentice.io. |
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