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[1]
Agentic AI startup Adopt AI raises $6 million in round led by Elevation Capital
Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and some angel investors participated in the funding round. The funds will go towards strengthening the company's AI and engineering teams, building its technology and implementing its go-to-market strategy.The next big trend in artificial intelligence (AI), after Generative AI (GenAI), is agentic AI, and Silicon Valley-based Adopt AI is riding that wave. The company's platform enables businesses to easily integrate intelligent agent capabilities into their applications, a process that would otherwise take months to build in-house. Founded by Deepak Anchala, Rahul Bhattacharya and Anirudh Badam, Adopt AI is emerging from stealth with the announcement of a seed funding round of $6 million led by Elevation Capital. Other investors include Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and some angel investors. Based in San Francisco and Bengaluru, the startup is primarily using the funding to strengthen its AI and engineering teams, build its technology and implement its go-to-market strategy. "In the agentic AI world, applications are coming closer to humans with natural language," Anchala told ET. "Applications as they stand today will lose out to agentic AI companies unless they change. So we are building an agentic layer for them to turn any application into an agentic one, within 24 hours," he said. One of the startup's offerings is Agent Builder, a no-code builder that helps companies build, launch and monitor the agent experience for their in-house application instantly by automatically learning it and generating actions. Companies can create these agentic layers themselves, but it takes over six months of engineering experience and significant investment. It is mainly targeting software-as-a-service (SaaS) companies and business-to-customer (B2C) firms that have complex workflows in sectors such as banking and healthcare. Big Tech players like Meta, Anthropic, and Microsoft are also investing in agentic AI. However, they are likely to focus on scaling the technology broadly, rather than going deep into specialised applications, Anchala said. He added that the next evolution in agentic AI will require apps like Apple's Siri to interact directly with other apps to complete tasks for users. In the future, this means most apps will need to 'agentify' themselves to stay relevant. The Adopt team has 16 members: five in the US and 11 in Bengaluru. The India team comprises full-stack engineers, product managers and designers, while the former has AI engineers.
[2]
Adopt AI Bags $6 Mn To Help Users Automate Workflows With Text Commands
A significant portion of our funding is currently being invested in technology development, particularly in AI, R&D, and core engineering Agentic AI startup Adopt AI has raised $6 Mn (around INR 51.15 Cr) in a seed funding round and has come out of its stealth mode. Led by Elevation Capital, the round also saw participation from Foster Ventures, Powerhouse Ventures and Darkmode Ventures, along with a host of angel investors. Adopt AI seeks to deploy the fresh proceeds for product development, expanding its engineering team and onboarding early customers. "A significant portion of our funding is currently being invested in technology development, particularly in AI, R&D, and core engineering, to bring our product to life," Adopt AI's cofounder and CEO Deepak Anchala told Inc42. "While we will eventually increase our investments in marketing, sales and brand awareness, our primary focus so far has been on solving complex engineering problems," Anchala added. Founded by Anchala, Rahul Bhattacharya, and Anirudh Badam, Adopt AI is building an agentic AI platform that enables users to automate workflows and perform complex actions with text commands. The San Francisco and Bengaluru-based startup has two products, Agentic Experience and Agentic Builder. Agentic Experience replaces traditional user interfaces with conversational ones, allowing users to perform tasks using natural language instead of navigating complex UIs. Agentic Builder is a no-code tool that lets teams quickly create and deploy these AI-driven experiences without any engineering effort. It includes ready-to-use actions and full configuration capabilities, enabling businesses to launch agentic features within days. Its offering is currently limited to text commands, but the company intends to offer voice command solutions in future. Both the cofounders, Anchala and Bhattacharya, previously cofounded Slintel, a sales intelligence platform that cumulatively raised around $25 Mn from GGV Capital, Accel and Peak XV Partners (erstwhile Sequoia Capital India), among others. Slintel was acquired by 6sense in 2021. The third cofounder, Badam, who now serves as Adopt AI's chief AI officer, was previously the director of engineering and a principal researcher at Microsoft, where he led several AI research and development initiatives for more than 10 years. Adopt AI currently is a 15-member team, with a majority focused on engineering and AI development. The development comes at a time when startups from Gupshup to Zomato to Zoho Corporation are also building in-house AI agents to help enhance the processing of ticket requests and so on. Among other early-stage startups, Hyderabad-based startup Pulse raised $1.4 Mn in seed funding last November to build its agentic AI platform aimed at SaaS product teams, while Atomicwork raised $25 Mn in January to transform IT service management with its agentic AI platform. With the overall boom in AI and automation, the more niche segment, agentic AI, has also carved a market size worth $5.1 Bn in 2024. Meanwhile, India's GenAI market, which includes more than 100 generative AI startups, is projected to surpass the $17 Bn mark by 2030.
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Adopt AI, a startup specializing in agentic AI, has raised $6 million in seed funding led by Elevation Capital. The company aims to simplify the integration of intelligent agent capabilities into business applications, potentially transforming how users interact with software.
Adopt AI, a Silicon Valley-based startup specializing in agentic AI, has announced its emergence from stealth mode with a $6 million seed funding round. The investment was led by Elevation Capital, with participation from Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and several angel investors 12.
Founded by Deepak Anchala, Rahul Bhattacharya, and Anirudh Badam, Adopt AI is positioning itself at the forefront of what it believes to be the next big trend in artificial intelligence after Generative AI. The company's platform enables businesses to seamlessly integrate intelligent agent capabilities into their applications, a process that traditionally requires months of in-house development 1.
Adopt AI's product suite includes two main offerings:
Agentic Experience: This product replaces traditional user interfaces with conversational ones, allowing users to perform tasks using natural language instead of navigating complex UIs 2.
Agent Builder: A no-code builder that helps companies rapidly create, launch, and monitor agent experiences for their in-house applications. It automatically learns the application and generates actions, significantly reducing the time and resources required for implementation 12.
The fresh capital will be primarily used to strengthen Adopt AI's AI and engineering teams, further develop its technology, and implement its go-to-market strategy. Deepak Anchala, CEO of Adopt AI, stated, "A significant portion of our funding is currently being invested in technology development, particularly in AI, R&D, and core engineering, to bring our product to life" 2.
Adopt AI is targeting software-as-a-service (SaaS) companies and business-to-customer (B2C) firms with complex workflows in sectors such as banking and healthcare. The company believes that most applications will need to 'agentify' themselves to stay relevant in the future 1.
While big tech players like Meta, Anthropic, and Microsoft are also investing in agentic AI, Anchala suggests they are likely to focus on scaling the technology broadly rather than delving into specialized applications 1.
The startup boasts a team of 16 members, with five based in the US and 11 in Bengaluru. The India team comprises full-stack engineers, product managers, and designers, while the US team focuses on AI engineering 1. Notably, cofounders Anchala and Bhattacharya previously founded Slintel, a sales intelligence platform that was acquired by 6sense in 2021 2.
Adopt AI's emergence comes at a time when various companies, from startups to established players like Gupshup, Zomato, and Zoho Corporation, are developing in-house AI agents to enhance their operations. The agentic AI market has already reached a size of $5.1 billion in 2024, while the broader Indian GenAI market is projected to surpass $17 billion by 2030 2.
As the AI landscape continues to evolve, Adopt AI's innovative approach to integrating agentic AI capabilities could potentially reshape how businesses interact with and leverage artificial intelligence in their day-to-day operations.
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