Fundz

Adept, A Startup Training Ai To Use Existing Software And Apis, Raises $350M

PRIVATEMar 15, 2023

Amount Raised

$350 Million

Round Type

Funding Round

San FranciscoManufacturingConsultingProduct Design

Investors

PSP GrowthFrontiers CapitalCaterina FakeWorkday VenturesNvidiaMicrosoftA CapitalSV AngelAdditionGreylockAtlassian VenturesGeneral CatalystSpark Capital

Description

In another sign that the current VC appetite for AI is insatiable, Adept, a startup building AI that “enables humans and computers to work together creatively to solve problems,” yesterday announced that it raised $350 million in a Series B funding round co-led by General Catalyst and Spark Capital with participation from Addition, Greylock, Atlassian Ventures, Microsoft, Nvidia, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel and A.Capital.

Quick answer

Adept raised $350 Million in a Funding Round round, dated March 15, 2023. Investors: PSP Growth, Frontiers Capital, Caterina Fake, Workday Ventures, Nvidia, Microsoft, A Capital and SV Angel. Adept is based in San Francisco, California, United States.

How much did Adept raise?
Adept raised $350 Million in a Funding Round round on March 15, 2023.
Who invested in Adept?
PSP Growth, Frontiers Capital, Caterina Fake, Workday Ventures, Nvidia, Microsoft, A Capital and SV Angel are named as investors in this round.
What does Adept do?
Adept is a product design house, providing world class chip design and embedded services.
Where is Adept based and how big is it?
Adept is based in San Francisco, California, United States.
Who are the decision-makers at Adept?
Fundz holds 1 contact at Adept. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Consulting and Product Design around the same time

Companies in the same sectors as Adept that raised within 45 days of this round, from Fundz verified event records.

  • Studio Science raised an undisclosed amount on February 28, 2023.
  • Hakkoda raised $14M on April 28, 2023.
  • Pixxel Space Technologies, Inc. raised $29M on April 28, 2023.
  • CleanFiber raised $1.7M (Seed) on April 28, 2023.
  • SKYX Platforms raised $12M on April 28, 2023.
  • SKYX Platforms raised $2M on April 27, 2023.

Who to call at Adept, and when

A new round usually means Adept is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Adept

Location

San Francisco, California, United States

About

Adept is a product design house, providing world class chip design and embedded services. Headquartered in Bengaluru, Adept has research and development offices in Hyderabad and Vizag, India and a global presence with clients across India, the United States and China. Founded in 2011, Adept is a full service IC design firm that specializes in team augmentation, turnkey solutions for end-to-end chip design, and product lifecycle management. A flexible and reliable partner with more than 480 talented engineers, Adept brings a wealth of technical capabilities scalable to multinational corporations. As of September 2022, Adept is now part of the Quest Global family.

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Adept raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.