Adept - About the company
Adept is a series B company based in San Francisco (United States), founded in 2017 by Ashish Vaswani and Fred Bertsch. It operates as a Developer of AI-powered automation for software workflows and digital assistants. Adept has raised $415M in funding from investors like Greylock Partners, Spark Capital and General Catalyst, with a current valuation of $1B. The company has 627 active competitors, including 102 funded and 26 that have exited. Its top competitors include companies like OpenAI, Mistral AI and Anthropic.
Sectors and market segments that Adept operate in
Adept serves in the High Tech, Native AI market segments.The primary business model of Adept are:- High Tech > Generative AI > ***** **** > ***** ******
- Native AI > Generative AI > ***** **** > ***** ******
- High Tech > AI Infrastructure > ***** **** > ***** ******
- Native AI > AI Infrastructure > ***** **** > ***** ******
- High Tech > Agentic AI > ***** **** > ***** ******
- Native AI > Agentic AI > ***** **** > ***** ******
- Native AI > Artificial Intelligence > ***** **** > ***** ******
Company Details
Developer of AI-powered automation for software workflows and digital assistants. The company builds intelligent agent technology that understands natural language requests and automates multi-step tasks across different business software, web apps, and SaaS platforms. Its proprietary models execute repetitive actions such as data entry, report generation, and form filling, integrating directly with existing enterprise systems. The platform prioritizes security, reliability, and seamless collaboration, enabling knowledge workers and teams to boost productivity and streamline operations.
- Website
- adept.ai
- Social
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series B
Total Funding
$415M in 2 rounds
Latest Funding Round
Post Money Valuation
$1B as on Mar 14, 2023
Investors
Ranked
24th among 627 active competitors
Employee Count
87 as on Jul 31, 2026
Legal entities associated with Adept
Adept is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ADEPT SAI CIN: 871097630 , United States, Active | Dec 31, 1999 | - | 3 (As on Dec 31, 2024) | - |
AI Labs Inc. CIN: 7618739 , United States, Active | Aug 11, 2023 | - | - | - |
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Adept's funding and investors
Adept has raised a total funding of $415M over 2 rounds. Its first funding round was on Apr 26, 2022. Its latest funding round was a Series B round on Mar 14, 2023 for $350M. 13 investors participated in its latest round. Adept has 19 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Adept:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 14, 2023 | $350M | Series B | $1B | - | ||
Apr 26, 2022 | $65M | Series A | $1B | - |
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Adept's founders and board of directors
Founder? Claim ProfileThe founders of Adept are Ashish Vaswani and Fred Bertsch.
Here are the details of Adept's key team members:
- Ashish Vaswani: Former Co-Founder of Adept. They are also an angel investor in 2 startups.Contact Info: 1 email address
- Fred Bertsch: Former Co-Founder of Adept. Contact Info: 1 email address
View details of Adept's Founder profiles and Board Members
Adept's employee count trend
Adept has 87 employees as of Jul 26. Here is Adept's employee count trend over the years:
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Adept's Competitors and alternates
Top competitors of Adept include OpenAI, Mistral AI and Anthropic. Here is the list of Top 10 competitors of Adept, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  OpenAI 2015, San Francisco (United States), Series F | Artificial intelligence research and development platform offering advanced language models | $180B | 89/100 | |
2nd | Mistral AI 2023, Paris (France), Series C | Provider of customizable, open-source artificial intelligence models and solutions for various applications | $3.05B | 83/100 | |
3rd | Anthropic 2021, San Francisco (United States), Series H | Provider of AI safety and research company | $132B | 83/100 | |
4th | Developer of enterprise AI platform and multilingual language and retrieval models | $1.54B | 78/100 | ||
5th | UiPath 2005, New York City (United States), Public | Provider of a platform for agentic automation and AI solutions | $1.96B | 72/100 | |
6th | Provider of AI research laboratory services | $379M | 71/100 | ||
7th | Provider of AI cloud infrastructure, foundational models, and applications | $74.9M | 68/100 | ||
8th | Blue Prism 2001, Warrington (United Kingdom), Acquired | Cloud-based platform for cognitive automation | $30.5M | 68/100 | |
9th | Open source based AI assistant for enterprises | $4.4B | 67/100 | ||
10th |  WorkFusion 2010, New York City (United States), Acquired | Provider of robotic process automation and chatbot solutions to automate work processes | $411M | 67/100 | |
24th | Adept 2017, San Francisco (United States), Series B | Developer of AI-powered automation for software workflows and digital assistants | $415M | 61/100 |
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Adept's Investments and acquisitions
Adept has made no investments or acquisitions yet.
Reports related to Adept
Here is the latest report on Adept's sector:
News related to Adept
Filter this listMedia has covered Adept for a total of 3 events in the last 1 year, 2 of them have been about people movement.
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Israeli AI startup Wonderful raises another $100 million, valued at $700 millionReuters•Nov 11, 2025•The Wonderful Company, Vine Ventures, Insight Partners, Index Ventures and 14 others
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Exclusive-FTC seeking details on Amazon deal with AI startup Adept, source saysThe Star Online•Jul 16, 2024•Amazon, Adept
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Adept Licenses AI Tech to Amazon as Co-Founders Join the Ecommerce GiantGlobal Village Space•Jun 29, 2024•Adept, Amazon
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Adept Raises $350 Million To Build AI That Learns How To Use Software For YouForbes•Mar 14, 2023•Adept, General Catalyst, Spark Capital, Spark Capital and 10 others
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