Adept, a startup based in San Francisco, California, has recently made headlines by raising $350 million in a Series B funding round co-led by General Catalyst and Spark Capital. The startup is building AI that “enables humans and computers to work together creatively to solve problems.” The funding round saw participation from several prominent investors, including Addition, Greylock, Atlassian Ventures, Microsoft, Nvidia, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel, and A.Capital.
Adept is a product design house that provides world-class chip design and embedded services. It was founded in 2011 and has research and development offices in Hyderabad and Vizag, India, and a global presence with clients across India, the United States, and China. 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. The company has more than 480 talented engineers, bringing a wealth of technical capabilities scalable to multinational corporations. As of September 2022, Adept is now part of the Quest Global family.
Adept’s AI solution is designed to enable humans and computers to work together creatively to solve problems. The solution is built on top of existing software and APIs, making it easy for companies to integrate the solution into their existing workflow. Adept’s AI is trained on data from existing workflows and processes, allowing it to quickly learn and adapt to new challenges. This approach to AI is known as “augmented intelligence” or “intelligence amplification” and is becoming increasingly popular in the enterprise software space.
Adept’s AI solution has several potential use cases across various industries. For example, in the manufacturing industry, Adept’s solution could be used to optimize production processes and improve quality control. In the product design space, Adept’s AI could be used to help designers quickly iterate through different design concepts and prototypes. In the financial services industry, Adept’s AI could be used to improve risk management and fraud detection.
Adept’s AI solution is unique in that it is built on top of existing software and APIs, making it easy for companies to integrate the solution into their existing workflow. This approach is in contrast to other AI solutions that require companies to completely overhaul their existing processes and workflows. By building on top of existing software and APIs, Adept’s AI solution is more accessible and cost-effective for companies looking to incorporate AI into their operations.
The $350 million in funding raised by Adept will be used to further develop its AI solution and expand its customer base. The funding will also be used to hire additional talent and expand the company’s research and development capabilities. With the backing of several prominent investors, Adept is well-positioned to continue its growth and make a significant impact in the AI space.
In conclusion, Adept is a startup based in San Francisco that is building AI that “enables humans and computers to work together creatively to solve problems.” The company recently raised $350 million in a Series B funding round co-led by General Catalyst and Spark Capital with participation from several prominent investors. Adept’s AI solution is unique in that it is built on top of existing software and APIs, making it easy for companies to integrate the solution into their existing workflow. With the funding raised, Adept is well-positioned to continue its growth and make a significant impact in the AI space.
Topic: AI Startups
