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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adept
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adept
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adept Comparisons
Competitors of Adept
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adept
Frequently Asked Questions about Adept
When was Adept founded?
Adept was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Adept located?
Adept is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Adept?
David Luan is the current CEO of Adept.
Is Adept a funded company?
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.
What does Adept do?
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.
What products or services does Adept offer?
Adept offers Agentic AI, Multimodal Models, and Custom Actuation Software.
Who are Adept's investors?
Adept has 20 investors. Key investors include Atlassian, Workday, Microsoft, Nvidia, and General Catalyst.
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