Australian startup Relevance AI raises $15m to 'supercharge' productivity
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The news: Australian startup Relevance AI has raised $15 million to scale its artificial intelligence workforce platform.
The numbers: The $15 million Series A funding round is led by AI specialist VC King River Capital, alongside Peak XV's Surge, Galileo Ventures and Insight Partners. Relevance AI’s platform has signed up 6,000 companies in the last three months, running over 250,000 tasks such as answering customer inquiries, managing outbound sales and conducting market research.
The context: The Sydney startup says it aims to empower businesses of all sizes to build their own AI-powered workforces, in the form of AI apps or agents, that can autonomously complete repetitive tasks. Its latest round of funding will be used to scale its team globally, with plans to expand into San Francisco next year.
What they said: Relevance AI's co-founder Daniel Vassilev said: “We take out the complexity and make it possible for AI agents to work autonomously and complete detailed workflows or accomplish complex tasks with accuracy and predictability that companies can trust."
"Working hand-in-hand with human teams, AI agents can enable businesses to scale like never before. Our platform is leading the way in the Multi-Agent Systems category. We’re proud to have leading venture capital firms across key regions backing us on our journey.”
The source: Relevance AI Media Release
