Relevance AI, an innovative startup focused on creating AI-driven solutions for businesses, has successfully secured $24 million in its Series B funding round, bringing its total funding to an impressive $37 million. The funding round was led by Bessemer Venture Partners, a prominent venture capital firm based in San Francisco, with participation from existing investors King River Capital, Insight Partners, and Peak XV.
Founded in 2020, Relevance AI operates in both San Francisco and Sydney, aiming to revolutionize the way companies build and deploy AI agents. The company reported a remarkable growth trajectory, with 40,000 AI agents created on its platform in January 2025 alone. This surge in adoption highlights the increasing demand for AI-driven solutions in the business landscape.
As part of its ongoing development, Relevance AI has launched two groundbreaking features: 'Workforce' and 'Invent.' The 'Invent' feature is touted as a world-first innovation that allows users to create AI agents using simple text prompts, eliminating the need for coding or technical expertise. Meanwhile, the 'Workforce' feature enables businesses to build multi-agent systems, allowing specialized agents to collaborate across departments to tackle complex business processes.
Daniel Vassilev, Co-Founder and Co-CEO of Relevance AI, expressed his enthusiasm about the funding, stating, "This funding fuels our vision of making Relevance AI the definitive home of the AI workforce. We're creating a world where organisations are limited only by their ideas, not their headcount. By the end of 2025, companies without an agent builder platform will find themselves at a significant competitive disadvantage."
Jacky Koh, also Co-Founder and Co-CEO, emphasized the transformative potential of the 'Invent' feature, saying, "With Invent, we're reinventing how AI agents are created and paving the way to an AI-first world. Instead of adapting AI to fit human workflows, we're enabling an entirely new paradigm where companies build their processes around AI capabilities from the start." Koh further noted that the platform allows domain experts to describe their needs in natural language, generating specialized agents in mere minutes.
Relevance AI differentiates itself from traditional automation tools by enabling users to create AI agents capable of contextual decision-making and handling non-deterministic workflows. This capability allows for the automation of tasks that were previously considered too complex to automate, as the agents are designed to understand specific business processes and industry terminology.
Mike Welch, Managing Director of SafetyCulture, shared his organization's experience with Relevance AI, stating, "The ROI from our first agent deployment was immediate and dramatic. Now we're looking at how to scale this across our entire organisation. There are countless areas where teams waste valuable time on basic admin work and routine processes. Relevance AI is helping us completely reimagine how we operate."
Kraig Swensrud, Founder and CEO of Qualified, highlighted the platform's accessibility for domain experts, noting, "We evaluated several agent platforms, but Relevance AI stood out for its ability to create highly specialised agents trained by our domain experts rather than engineers. Their platform enables us to build agents that understand the nuances of our specific business processes and industry terminology."
The 'Workforce' feature allows domain experts to construct multi-agent systems through a no-code visual interface, fostering collaboration between AI agents and human teams. This system is designed to integrate with a wide variety of tools and tech stacks, offering approval and escalation mechanisms to fit established workflows.
The launch of these features comes at a time when investment in AI agent startups is booming. According to industry reports, deal counts for AI agent startups have increased by more than 81% over the past year, with over $8 billion invested in the sector. This reflects a growing recognition of the importance of AI in driving efficiency and innovation across various industries.
Jeremy Levine, Partner at Bessemer Venture Partners, commented on the significance of Relevance AI's growth, stating, "Relevance AI's exponential growth speaks volumes about the market demand for their platform and the effectiveness of their approach." Caty Rea, Vice President at Bessemer, added, "The company's ability to transform how businesses leverage AI is remarkable. We see tremendous potential in their vision of democratising access to agentic AI technologies."
With over 80 staff members spread across its two offices, Relevance AI is poised for continued expansion in the rapidly evolving AI landscape. The company aims to empower businesses to harness the full potential of AI agents, enabling them to streamline operations and improve productivity.
As the demand for AI solutions continues to rise, Relevance AI is at the forefront of this transformation, providing businesses with the tools they need to thrive in an increasingly competitive environment. The company's commitment to innovation and user-friendly solutions positions it as a leader in the AI agent space.
In summary, Relevance AI's recent funding round and the launch of its new features underscore the growing importance of AI in the business world. With its focus on enabling companies to build their own AI workforces, Relevance AI is paving the way for a future where AI agents play a central role in driving productivity and efficiency.
