About Adept
Adept is a company based in San Francisco (United States) founded in 2017 by Fred Bertsch and Ashish Vaswani. It operates as a AI-as-a-Service and Managed Services. Adept has raised $415 million across 2 funding rounds from investors including Atlassian, Workday and Microsoft. Adept offers products and services including Agentic AI, Multimodal Models, and Custom Actuation Software.
- Headquarter San Francisco, United States
- Founders Fred Bertsch, Ashish Vaswani
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Sectors
Technology
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$415 M (USD)
in 2 rounds
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Latest Funding Round
$350 M (USD), Series B
Mar 14, 2023
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Investors
Atlassian
& 19 more
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Employee Count
Employee Count
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Products & Services of Adept
Adept offers a comprehensive portfolio of products and services, including Agentic AI, Multimodal Models, and Custom Actuation Software.
Agentic AI is developed for enterprise workflow automation.
Multimodal models are built for web understanding tasks.
Custom software is designed for cross-platform action execution.
People of Adept
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Funding Insights of Adept
Adept has successfully raised a total of $415M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $350 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $350.0M
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First Round
First Round
(26 Apr 2022)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Adept | Valuation | General Catalyst , Spark Capital | |
| Apr, 2022 | Amount | Series A - Adept | Valuation | Greylock , Addition |
Investors in Adept
Adept has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Atlassian, Workday and Microsoft.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adept
Financial Statements - Adept
Adept Comparisons
Competitors of Adept
Frequently Asked Questions about Adept
Adept was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Adept is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
David Luan is the current CEO of Adept.
Adept is a funded company, having raised a total of $415M across 2 funding rounds to date. The company's 1st funding round was a Series A of $65M, raised on Apr 26, 2022.
Adept is engaged in creating advanced agentic AI solutions to automate complex enterprise workflows. The company operates in the technology sector, specializing in artificial intelligence with a full-stack approach to agent development. Solutions are provided for industries such as supply chain, financial services, and healthcare, enabling accurate and reliable automation. Proprietary models, multimodal capabilities, and custom actuation software are utilized to translate user intents into actionable outcomes across various software platforms.
Adept offers Agentic AI, Multimodal Models, and Custom Actuation Software.
Adept has 20 investors. Key investors include Atlassian, Workday, Microsoft, Nvidia, and General Catalyst.