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§ Private Profile · San Francisco, CA, USA
AI company developing agentic AI solutions to automate complex enterprise workflows and software interactions for large businesses.
Based in San Francisco, California, Adept AI develops machine learning action models designed to automate complex enterprise workflows by interacting directly with everyday software tools, websites, and APIs. The company has raised over $415 million in total venture funding to date, including a $350 million Series B round in March 2023 that secured a $1 billion post-money valuation. This capital was provided by prominent institutional backers and strategic investors such as Greylock, General Catalyst, Spark Capital, and Nvidia. Following a strategic shift in the middle of 2024, the startup entered into a major technology licensing agreement with Amazon, which subsequently hired a significant portion of its original 100-person workforce and left the firm operating with approximately 20 remaining employees. Adept AI was founded in 2022 by David Luan, Ashish Vaswani, Niki Parmar, Kelsey Szot, and Anmol Gulati.
Adept AI has raised $415.0M across 2 funding rounds.
Adept AI has raised $415.0M in total across 2 funding rounds.
Adept AI has raised $415.0M across 2 funding rounds. Most recently, it raised $350.0M Series B in March 2023.
Adept AI is a machine learning research and product lab developing AI systems that act as universal collaborators, understanding natural language instructions to automate tasks across software environments like Excel, Tableau, Photoshop, and Airtable.[1][2][3] It builds products such as the Action Transformer (ACT-1), a large language model that converts commands into actions, targeting knowledge workers to boost productivity without replacing humans.[2][3][6] The company serves enterprises and individuals facing repetitive software tasks, solving the gap where AI generates text but cannot execute actions in existing apps lacking APIs.[1][3] Initially pursuing general AI agents, Adept pivoted to enterprise solutions integrating third-party models due to high foundational model costs, following a 2024 acqui-hire where Amazon hired key talent including CEO David Luan.[4]
Adept AI was founded in 2021 by a team of elite AI researchers, including CEO David Luan (ex-Google Brain), CTO Niki Parmar, chief scientist Ashish Vaswani, and others like Maxwell Nye, Augustus Odena, Erich Elsen, Anmol Gulati, Kelsey Szot, and Fred Bertsch.[2][3][6] The idea emerged from their expertise in advancing AI to mimic human software interactions, creating an "overlay" for natural language commands like "generate a monthly compliance report" using existing tools, far beyond traditional robotic process automation (RPA).[3][6] Early traction included a $350M Series B led by General Catalyst in 2023, signaling investor confidence, but high training costs led to a 2024 pivot and Amazon acqui-hire of much of the research team, leaving a smaller group focused on enterprise AI.[4][6]
Adept rides the agentic AI trend, where models evolve from chatbots to autonomous actors handling real-world software tasks, timed perfectly with multimodal LLMs and rising demand for productivity tools amid labor shortages.[1][3][4] Market forces like exploding AI compute costs favor its pivot to integration over foundational research, aligning with enterprise shifts toward practical automation over hype-driven AGI.[4] It influences the ecosystem by advancing "AI teammates" that augment knowledge workers, challenging RPA giants like UiPath while inspiring human-AI collaboration standards.[3][6]
Post-pivot, Adept will likely deepen enterprise integrations for CX and workflows, leveraging Amazon ties for scale while avoiding foundational model arms races.[4] Trends like cheaper APIs, edge AI, and regulatory pushes for safe automation will propel its growth, potentially evolving it into a key player in hybrid human-AI enterprises. As a pioneer in bridging intention to execution, Adept exemplifies how AI startups adapt to sustain impact in a maturing field.[1][4]
Adept AI has raised $415.0M in total across 2 funding rounds.
Adept AI's investors include General Catalyst, Spark Capital, Ahren Innovation Capital, ENIAC Ventures, Insight Partners, Nina Capital, Social Starts, Yes VC, Caterina Fake, A Capital, Addition, Atlassian Ventures.