As of Sep 22, 2026
All companies

Workplace agentsFounded

Adept

Builds AI agents that operate business software.

David Luan
David Luan
Ashish Vaswani
Ashish Vaswani
Niki Parmar
Niki Parmar
Augustus Odena
Augustus Odena
Maxwell Nye
Maxwell Nye
Erich Elsen
Erich Elsen
Kelsey Szot
Kelsey Szot

Business performance

Read the revenue model
Valuation
$1.00B+
ARR
Not disclosed
Annual revenue
Not disclosed
Users / customers
Not disclosed
Net income
Not disclosed
Revenue multiple
Unavailable

Reading the numbers

Amazon licensing consideration differs from recurring enterprise-product revenue. It is not converted into ARR or treated as a whole-company sale.

01What it sells and who buys it

Adept develops agents that understand computer interfaces and perform multistep tasks in business software. Its target market is enterprise workflow automation.

02How the business makes money

Enterprise agent deployment and technology licensing are its commercial routes. Amazon licensed agent technology, multimodal models and selected datasets in 2024. The available record does not establish a mass-market consumer subscription business.

03Marketing and customer acquisition

Adept’s demonstrations attracted attention, while model-development cost reshaped the business.

  1. 01

    Make computer operation the proposition

    Demonstrations showed AI performing software actions. Enterprise adoption additionally required integration and conditions for repeatable execution.

    Source
  2. 02

    Financing the next stage

    Adept raised a $350 million Series B led by General Catalyst and co-led by Spark Capital in 2023. It later licensed technology to Amazon, with members of the founding team joining Amazon while Adept continued separately.

    Source
  3. 03

    Refocus on enterprise applications

    Demonstrations of agents operating software introduced the technology to potential users. In 2024, Adept explained the capital demands of building both models and applications and refocused on enterprise agents. Demonstrations and deployment discussions form the observable customer interface; publicity is not evidence of paid adoption.

    Source

How the growth mechanism works

  1. Watch an agent demonstration
  2. Test a business workflow
  3. Agree deployment requirements
  4. Secure resources through licensing

A successful screen demonstration and reliable enterprise operation have different requirements. Adept’s path illustrates the need to fund both product delivery and models after a demo. The Amazon arrangement is not presented as a whole-company acquisition.

04Funding and expansion

Adept raised a $350 million Series B led by General Catalyst and co-led by Spark Capital in 2023. It later licensed technology to Amazon, with members of the founding team joining Amazon while Adept continued separately.

Further reading

  1. 01adept.aiRead source
  2. 02adept.aiRead source
  3. 03forbes.comRead source
  4. 04geekwire.comRead source
  5. 05mastersofscale.comRead source
  6. 06adept.aiRead source
  7. 07augustusodena.comRead source
  8. 08forbes.comRead source
  9. 09mckinsey.comRead source