How Much Did Adept Raise? Headquarters, Funding & Key Investors

Adept, founded in 2017 and based in San Francisco, California, has raised a total of $415 million in funding, reaching a $1 billion valuation in March 2023. The company secured $65 million in Seed and Early Rounds (2017–2021), another $65 million in its Series A (April 2022) led by Addition and Greylock, and $350 million in Series B (March 2023) led by General Catalyst and Spark Capital. Adept develops agentic AI systems that automate digital workflows, integrating multimodal models and custom software for intelligent enterprise automation.

How Much Did Adept Raise? Funding & Key Investors

Adept, founded in 2017, has raised a total of $415 million across multiple funding rounds. The company, headquartered in San Francisco, California, develops agentic AI solutions that automate software processes and workflows. Its platform translates user intents into actions across websites and applications, offering multimodal models and custom actuation software to plan, reason, and execute end-to-end workflows accurately and reliably.

Adept achieved unicorn status on March 14, 2023, after its $350 million Series B round led by General Catalyst and Spark Capital, reaching a valuation of $1 billion.

What Is Adept and What Does It Do?

Adept, founded in 2017 by Ashish Vaswani, David Luan, Kelsey Szot, and Niki Parmar, is a generative and agentic AI company based in the United States. Their combined expertise drives the company's mission to create innovative AI solutions.

Adept focuses on software automation by integrating AI with web applications, enterprise software, and digital platforms. Their technology enables the AI to locate items, reason about content, and execute tasks end-to-end.

With a team of AI and software experts, Adept provides tools that combine multimodal AI models with custom actuation software to automate repetitive processes, improve efficiency, and reduce human error, making it a leader in AI-powered robotic process automation.

How Much Funding Has Adept Raised?

1. Seed & Early Rounds

Amount Raised: $65M
Date: 2017–2021
Lead Investors: Early-stage venture investors (undisclosed)
Motivation: To develop foundational AI models and early software automation prototypes.

2. Series A

Amount Raised: $65M
Date: April 2022
Lead Investors: Addition, Greylock
Motivation: To scale model training infrastructure and expand enterprise integration capabilities.

3. Series B

Amount Raised: $350M
Date: March 14, 2023
Lead Investors: General Catalyst, Spark Capital
Motivation: To accelerate development of agentic AI models, multimodal capabilities, and enterprise workflow automation.

Total Funding Raised: $415M

Current Valuation: $1 Billion (as of March 2023)

Latest Funding Date: March 14, 2023

Key Investors

1. General Catalyst

Details: Venture capital firm investing in early and growth-stage tech companies.
Investment Focus Areas: AI infrastructure, enterprise software, digital automation.
Notable Investments: Snap, Stripe, Airbnb.

2. Spark Capital

Details: Venture capital firm supporting innovative AI, software, and tech startups.
Investment Focus Areas: Generative AI, agentic AI, RPA, and cloud software.
Notable Investments: Discord, Twitter, Adept.

3. Nvidia

Details: Strategic technology investor supporting AI computing and deep learning infrastructure.
Investment Focus Areas: GPUs, AI acceleration, AI platform tools.
Notable Investments: OpenAI, Adept, Hugging Face.

Where Is Adept’s Headquarters?

Adept is headquartered in San Francisco, California, providing access to leading AI research talent, cloud computing infrastructure, and a vibrant ecosystem of investors and enterprise partners driving adoption of agentic AI solutions.

What’s Next for Adept?

Following its $350 million Series B funding, Adept plans to expand its agentic AI platform, enhance multimodal AI models, and integrate workflow automation into more enterprise applications. The company focuses on enhancing the reliability, scalability, and interpretability of AI-driven automation.

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