Individuals can work closely together as AI agents become increasingly popular in the workplace. According to a report from the Boston Consulting Group, the AI Agent market is expected to grow at a combined annual growth rate of 45% over the next five years.
Like human employees, AI agents can be equipped to learn different roles, access company information and business contexts, and integrate them into workflows. Furthermore, unlike traditional automation tools, AI agents can always adapt and improve operations.
AI, a San Francisco and Sydney-based AI, has developed an “operating system” for AI agents to allow companies to build teams of AI agents, raising $24 million in Series B funding led by Bessemer Venture Partners. Investors King River Capital, Insights Partner and Peak XV also participated, increasing the total relevance to $37 million. The company did not provide ratings.
Funding comes about a year and a half after the startup closes Series A. The association says that 40,000 AI agents are registered on the platform and are experiencing rapid growth.
Customers include qualified, Activision, and safety culture.
Relevance should compete with players in the AI agent space such as Retell, Qeen.ai, Smythos, Gooey.ai, Cykel AI, Microsoft, and more. According to CEO and co-founder Daniel Vassilev, the company five years ago competes with agent builder platforms, vertical agent software and agent engineering frameworks.
“I’ve even seen incumbents like (w) Salesforce make big bets on the value of their agents,” Vassilev told TechCrunch in an interview. “(Relevance) enables agents to train them to truly specialise in their organization’s niche workflows. We rely on tools and models, so customers can leverage the entire technology stack across their business, not just a single vendor ecosystem.”
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According to the association, new funds were used to further strengthen the AI agent’s product capabilities, providing support to customers in major Australian markets, and Vassilev in the US moved to San Francisco to open Learvance’s office and build a market team there. The company says it has 80 employees in its San Francisco and Sydney offices from 19 employees in 2023.
In line with Series B funding, the relevance is introducing two new features to the platform. “Workforce” is a codeless, multi-agent system designed to help non-technical professionals and engineers build professional agent teams that work together like human employees, completing complex processes from start to finish. “Invent” is a tool that allows users to create AI agents using text prompts.