Adept Raises $350 Million at a Valuation of about $1 Billion

Adept is an AI technology company and product lab designed and trained to develop machine learning research. It designs general intelligence enabling people and computers to work together. The company develops an Action Transformer (ACT-1) that is trained to use digital tools such as browsers, spreadsheets, etc. with a natural language interface. Adept intensely studies how humans use computers – from browsing the internet to navigating a complex enterprise software tool – to build an AI model that can turn a text command into sets of actions.

General Catalyst and Spark Capital took part in the new Series B funding round, which brought Adept’s valuation to $1 billion. Adept’s capital accumulation is reported to be very rapid.

Adept, San Francisco, California, United States, was founded in 2022 by David Luan, Niki Parmar, Ashish Vaswani, and Kelsey Schroeder. “We’re just trying to build the best possible AI teammate for everyone,” noted David Luan, Co-founder of Adept. “A synthesizer lets a musician play sounds of every instrument without having to learn how to play every instrument. We want to build the same thing for computing,” he added.

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