Adept is an AI research and product lab building general intelligence through multimodal AI agents that can interact with software applications and complete complex tasks. The company developed ACT-1 and the Fuyu family of foundation models, training large-scale transformers to perceive and act on digital interfaces. Co-founded by key machine learning researchers including Ashish Vaswani and Niki Parmar (co-authors of the Transformer architecture) and David Luan (former VP of Engineering at OpenAI).
Adept has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2022
Total Funding
$415M
2 rounds
Latest Valuation
$1B
Mar 15, 2023
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $415M across 2 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 15, 2023 | Series B | $350M | $1B | General Catalyst, Spark Capital |
| Apr 2022 | Series A TechCrunch | $65M | — | Greylock, Addition |
David Luan
Co-founder and CEO
Ashish Vaswani
Co-founder and Chief Scientist
Niki Parmar
Co-founder and CTO
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.