Relevance AI has secured $24 million in Series B funding.
The mentioned company stated that the funding received is an important milestone on its path to building the definitive home of the artificial intelligence workforce.
The funding round was led by Bessemer Venture Partners. The company’s long-term partners, including King River Capital, Insight Partners, and Peak XV, also participated in this process.
The firm’s AI agent operating system was designed to allow not only engineers, but also subject matter experts to build agents to perform work specific to their organization. This was stated by Relevance AI co-founder and co-chief executive officer Daniel Vassilev.
In the company’s blog, it was noted that the artificial intelligence-agent space is on a trajectory of high-intensity development. It was also noted that the firm received funding at the perfect time to accelerate its growth. In January of the current year, 40,000 agents were developed on the company’s platform. The firm claims that, against the background of the mentioned result, investors turned their attention to Relevance AI earlier than the company initially expected.
The company stated that the received funding accelerates its two groundbreaking features. In this case, it means a visual multi-agent system builder that allows domain experts to construct sophisticated artificial intelligence teams on a no-code canvas. Other features include the world’s first text-to-agent generator.
At the same time, against the background of the active development of artificial intelligence and its integration into various industries and processes, the issue of cybersecurity is growing in urgency. Scammers also have access to AI tools. An Internet query, such as how to know if my camera is hacked, will allow any user to get information about the signs of cyberattacks.
