What is Adept?
Adept is a privately held company based in San Francisco, California, specializing in the development of enterprise AI agent technology. Its core mission is to automate manual and repetitive software workflows across the diverse tools organizations utilize daily. The company's proprietary multimodal models are trained on extensive datasets of web user interfaces and real-world software usage, enabling its AI agents to interact with websites and applications, extract data from documents, and execute intricate, end-to-end enterprise workflows through natural language instructions. Key functionalities include sophisticated web UI localization, advanced document understanding, and multi-step workflow planning and execution, positioning Adept at the forefront of agentic AI for enterprise applications.
How much funding has Adept raised?
Adept has raised a total of $415M across 2 funding rounds:
Unspecified
$65M
Series B
$350M
Unspecified (2022): $65M with participation from Root Ventures, Addition, and Greylock Partners
Series B (2023): $350M led by Spark Capital and General Catalyst
Key Investors in Adept
Spark Capital
Spark Capital is a venture capital firm known for investing in products by creators they admire, across various sectors and stages. They operate out of San Francisco, Boston, and New York City, offering support to founders to help them achieve success on their own terms.
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities. They partner with entrepreneurs and management teams across technology, healthcare, financial services, and enterprise software, providing strategic capital and operational support to build enduring enterprises.
Greylock Partners
Greylock Partners is a long-standing venture capital firm specializing in early-stage technology companies. Their investment focus spans consumer internet, enterprise software, AI, cybersecurity, and fintech, having backed numerous market-defining businesses.
What's next for Adept?
With a significant enterprise-level funding context and a recent major strategic investment, Adept is poised for accelerated growth and market penetration. The company's focus on delivering agentic AI solutions and technology to enterprise partners is expected to drive innovation in workflow automation. Future developments will likely involve expanding the capabilities of its AI agents, enhancing their integration with a broader range of enterprise software, and scaling its customer base. The strategic capital infusion will support continued research and development, enabling Adept to refine its multimodal models and further solidify its position as a leader in the AI-driven enterprise automation space.
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