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.
- Total Equity Funding$415M (USD)
in 2 rounds
- Latest Funding Round$350M (USD), Series B
Mar 2023
- InvestorsAtlassian
& 19 more
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.
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 $415M
- Total Rounds 2
- Last Round Series B — $350M
- First Round $65M
(Apr 2022)
- Investors Count 20
All 2 funding rounds of Adept with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $350M | Series B | – | General Catalyst, Spark Capital | |
| Apr 2022 | $65M | Series A | – | Greylock, Addition |
20 investors in total: 14 institutional and 6 angel.
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 |
|---|---|---|---|---|
Investment and transformation services for entrepreneurs in technology and finance sectors. | – | generalcatalyst.com | - | |
Spark Capital is engaged in venture capital investments. | – | sparkcapital.com | San Francisco, United States | |
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | - | |
- | – | frontiers.capital | - | |
Diversified investment firm | – | psppartners.com | Chicago, United States | |
Early-stage investments are provided to transformative technology companies. | – | svangel.com | San Francisco, United States | |
Early-stage companies are invested in by A.Capital Ventures. | – | acapital.com | Menlo Park, United States | |
Investments are made in early and growth-stage technology startups. | – | addition.com | New York, United States | |
Bluebirds is engaged in venture capital investments for innovative startups. | – | bluebirds.capital | - | |
Seed stage venture capital firm investing in deep tech in San Francisco. | – | root.vc | - |
Investor details for Adept
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Adept
10 people are tracked at Adept (5 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Fred Bertsch | Co-Founder | Leadership |
Ashish Vaswani | Co-Founder | Leadership |
David Luan | CEO | Leadership |
Justin Lang | Head Of Legal & Operations | Leadership |
Johnny L. | Head Of Bizops And Strategy | Leadership |
Rupert Manfredi | Design | Team |
Jim McCaffrey | GTM Lead | Team |
Eun Ro | Business Operations | Team |
Dhruv Dixit | Generative Artificial Intelligence Intern | Team |
Dion Lim | Advisor | Team |
Complete people profiles for Adept
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Adept
3 dated milestones of Adept across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Adept is founded.
- Funding First funding round of $65.0M.
- Funding Latest funding round, Series B, of $350.0M.
Web traffic of Adept
The website of Adept (adept.ai) receives about 53.3K visits a month.
- Monthly visits53.3K
▲ 9.8% vs previous month
Websites whose visitors overlap most with Adept. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| a-star.edu.sg | 100% | 333.6K | #152,622 | View details |
Latest news on Adept
Complete news archive for Adept
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Adept
10 companies that operate in the same segment as Adept (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 167.95 B | – | – | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 66.81 B | – | – | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 36,000 | |
A platform for the AI community to collaborate and build. | 2016 | Paris, France | USD 399.91 M | – | – | |
Digital marketing, data analytics, and IT services are provided globally. | 1981 | Bengaluru, Karnataka, India | – | USD 19.08 B | 323,580 | |
Machine learning model development and management solutions are provided. | 2017 | San Francisco, California, United States | USD 250 M | – | 150 | |
Provider of website, web & mobile application development, BI, and digital marketing services | 2007 | Jaipur, Rajasthan, India | USD 570.12 M | USD 102.68 M | 461 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Enterprise observability solutions are delivered via cloud and AI platforms. | 2008 | San Francisco, California, United States | USD 196.44 M | – | – |
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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 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.