Fundraising Fox

Ada Support

Unicorn · $1.2B

8 known investors

ada.cx

Toronto-based Ada Support builds enterprise AI customer service agents that automate resolution across chat, email, voice and messaging.

Also known as Ada · Ada Support Inc. · Volley · Volley Industries

Investors · 8

Also in the syndicate · 1

Burst

Valuation · disclosed

Disclosed events
$1.2Bvaluation at Series CMay 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Ada Support Inc. (ada.cx) is a Toronto-based company that builds AI agents for enterprise customer service. Its software provides automated responses to inbound customer support requests and handles a range of interactions including basic enquiries, troubleshooting, transactions and user onboarding, with unresolved or high-touch matters routed to human representatives. The company positions its product as an 'ACX' (automated/agentic customer experience) platform rather than a conventional chatbot.

The current platform is described as omnichannel and multilingual, supporting chat, email, voice and messaging channels, with tooling to test, analyze and optimize AI agent performance, open APIs and SDKs for integration into enterprise workflows, and orchestration across multiple large language models. Ada markets industry-specific configurations for financial services, gaming, retail and ecommerce, technology, and travel. Trust and compliance claims on the company site include HIPAA, SOC 2, GDPR, PCI DSS and AIUC-1 compliance, zero data retention arrangements with LLM providers, independent annual penetration testing covering LLMs, and disaster recovery/business continuity planning.

Ada's published subprocessor list (updated July 2026) indicates a stack built on AWS and Microsoft Azure hosting, with model providers including Anthropic, OpenAI, Azure OpenAI, Cohere, Groq and Baseten; Deepgram, ElevenLabs, Google Cloud and Azure for speech recognition and text-to-speech on the voice channel; Twilio for telephony, SMS, WhatsApp and Facebook Messenger; and MongoDB Atlas, Elastic, ClickHouse, TurboPuffer, Datadog, Sentry and LangChain for data, search and observability. Data residency options include USA, Canada and Europe.

Founding story

Mike Murchison and David Hariri, friends who founded the company in 2014 as Volley Industries, initially built a social network/app for sourcing help from other founders, designers and product professionals. Version One Ventures led the pre-seed after finding the company through a Mattermark search for Toronto startups with no known funding. As Volley grew it was overwhelmed by customer inquiries, and conversations with other digital companies showed the problem was widespread, so the founders wound Volley down in early 2016 and pivoted to automated customer service. They spent roughly a year learning the domain by working as remote customer service representatives for seven online companies, concluding that many inquiries were repetitive and that existing agent software was hard to use.

Business model

Ada sells enterprise software (its ACX platform) to businesses that operate customer service organizations, deploying AI agents that resolve inbound customer inquiries across channels. The platform is designed to be configured by non-technical support staff, with no-code creation and editing of automated answers, and integrates into existing enterprise tech stacks via open APIs and SDKs. Reporting from 2021 described average contract values in the six figures, doubling every year since 2018, indicating an enterprise contract-based commercial model. Ada has also published guidance framing 'automated resolution' as both a success metric and a pricing construct for AI-first customer service.

Software revenue from enterprise contracts. The Globe and Mail reported in May 2021 that revenue had more than doubled over the prior year to an annualized rate of US$30 million and that average contract value had doubled every year since 2018 to a six-figure level. Ada's own guidance discusses automated resolution as a pricing mechanism used in the AI customer service category.

Traction

Ada reported automating more than 1.5 billion customer interactions for hundreds of brands in 2020, and by May 2021 said it automated more than 75 percent of client customer conversations (up from 25 percent two years earlier), with claims of reducing wait times by up to 98 percent. In 2017 the platform answered about 40 customer questions per minute with volume growing about 30 percent month over month. Headcount was 150 before the pandemic, 250 as of May 2021 after adding 80 people in Q1 2021, with plans to double by year-end and exceed 500 people. Company-stated figures in 2026 include over 4.1 billion cumulative engaged conversations, 350+ global business customers, 85+ countries, an 84 percent automated resolution rate, a 162 percent increase in CSAT and 357 percent ROI.

Latest developments

Materials dated 2026 on Ada's own properties describe an agentic ACX platform spanning chat, email, voice and messaging, a global research report on 'Agentic CX in 2026,' guidance on modernizing legacy IVR with AI voice agents, and a live counter of over 4.1 billion cumulative engaged customer conversations across 350+ global businesses. A subprocessor page last updated July 9, 2026 shows an expanded AI vendor set (Anthropic, OpenAI, Cohere, Groq, Baseten, Deepgram, ElevenLabs, Firecrawl, TurboPuffer) and notes that, beginning April 25, 2025, new AI Agents may be deployed on AWS and/or Microsoft Azure.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

By 2021 Ada was characterized as an early leader in a competitive field of chatbot/customer service automation providers and as one of Canada's 'unicorn' startups following its US$1.2 billion valuation. Its investor base includes Spark Capital, Tiger Global, Accel, Bessemer Venture Partners, FirstMark Capital, Version One Ventures, Leaders Fund and Burst. As of 2026 the company reports use by 350+ global businesses across 85+ countries.

Ada has been described by its investors and press as having defined a new category, 'automated customer experience.' Differentiation points cited in sources include ease of deployment and use for non-technical support teams (no-code answer authoring, deployment claimed in under an hour in 2017; designed to be 'Fisher Price simple'), high automated resolution rates, multi-LLM orchestration with hallucination safeguards and monitoring, omnichannel and multilingual coverage with preserved customer identity and context, and enterprise compliance/security posture.

Technology

Ada's platform applies proprietary AI to automate inbound customer support, evolving from a rules/answer-authoring chatbot to generative, agentic AI. The current system orchestrates multiple large language models to understand, act on and resolve inquiries, with safeguards to minimize hallucinations and continuous monitoring for accuracy and alignment. Voice capabilities rely on third-party automated speech recognition and text-to-speech (Deepgram, ElevenLabs, Google Cloud, Microsoft Azure) with Twilio for telephony and messaging channels; retrieval and search use Elastic and TurboPuffer, with Firecrawl for web knowledge scraping. Infrastructure runs on AWS and Microsoft Azure with US, Canadian and European data regions.

Go-to-market

Ada targets large enterprises directly, with a website oriented around 'speak to an expert' enterprise sales motions, industry-specific solution pages, customer case studies with quantified outcomes, and a substantial content marketing program of guides, reports, RFP templates and readiness assessments aimed at CX leaders evaluating or procuring AI agents. Third-party analyst material (e.g. a Forrester report) has also been used in its resource library.

Large enterprises and consumer brands with high-volume customer service operations, particularly in financial services, gaming, retail and ecommerce, technology, and travel. Named customers reported in sources include Facebook, Zoom, Shopify, Coinbase, Square, Mailchimp, Telus, AirAsia, Medium, Kik and Wattpad.

Geography

Headquartered in Toronto, Canada. The company site states its AI agents are trusted by companies across 85+ countries, and the platform offers US, Canadian and European data storage/hosting regions. Ada Support Inc. operates wholly-owned affiliates in the United States (Ada Support (US) Corp.), Israel (Ada Support (Israel) Ltd.) and Singapore (ADACX (SG) PTE. LTD.).

History

The company was co-founded by friends Mike Murchison and David Hariri, originally incorporated in 2014 as Volley Industries and operating a social app/network through which users sourced help from founders, designers and product professionals. Version One Ventures led Volley's pre-seed round after discovering the company via Mattermark in 2014. Volley was wound down in early 2016; that summer the business became Ada, launching an automated chat product with early customers including Medium, Kik and Wattpad. A seed round was raised in October 2016 (term sheet from Bessemer Venture Partners) and announced publicly as $2.5 million in July 2017 alongside the platform's launch from stealth. In April 2020 the company laid off 36 employees (23 percent of staff) amid pandemic uncertainty, then recovered as customers shifted to digital channels. A CAD $63.7 million Series B was raised in roughly early 2020, followed in May 2021 by a US$130 million Series C at a US$1.2 billion valuation, taking total funding to US$200 million. As of 2026 the company's site describes an agentic 'ACX Platform' with omnichannel and voice capabilities and operations across 85+ countries; corporate filings on its website list wholly-owned affiliates Ada Support (US) Corp., Ada Support (Israel) Ltd. and ADACX (SG) PTE. LTD.

Risks & controversies

Ada laid off 36 employees, 23 percent of its staff, in April 2020 amid pandemic-related uncertainty, though the company reported a subsequent recovery in growth. Beyond that, the sources note category-level risks the company addresses in its own materials, notably AI hallucinations and accuracy/safety in customer-facing automation, and it markets built-in safeguards and monitoring in response. Note on name ambiguity: reporting on 'ADA' acquiring Algonomy (a marketing/data services group operating across 34 markets) concerns a different company and is not attributed to Ada Support Inc.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annualized revenue run rateMay 2021$30M
Automated resolution rate (company-stated)Jan 202684%
Countries where Ada is usedJan 202685
Customer interactions automated during 2020Jan 20201,500,000,000 interactions
Customer questions answered per minuteJul 201740 questions/minute
EmployeesMay 2021250 people
Employees added in Q1Mar 202180 people
Global businesses using AdaJan 2026350 customers
Increase in CSAT scores (company-stated)Jan 2026162%
Month-over-month volume growthJul 201730%
Reduction in time spent on repetitive questionsJul 201770%
ROI on AI investment (company-stated)Jan 2026357%
Share of client customer conversations automatedMay 202175%
Total engaged customer conversations (cumulative, live counter)Jan 20264,105,208,592 conversations
Total funding raised to dateMay 2021$200M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
May 2021
US$130M Series C at a US$1.2B valuation

Ada raised US$130 million in Series C financing led by Spark Capital with participation from Tiger Global, at a reported valuation of US$1.2 billion, bringing total funding to US$200 million. Proceeds earmarked for global expansion, growing the team past 500 people, and R&D.

$130M source ↗

Apr 2021
Launch of Ada Engage

Ada launched Ada Engage, described as a solution spanning the full customer journey from pre-sales to support, and characterized elsewhere as an automated marketing tool. BetaKit reported the launch as having occurred the month before its May 2021 Series C coverage.

source ↗

Apr 2020
Layoff of 36 employees (23% of staff)

Amid pandemic-related uncertainty, Ada laid off 36 employees, representing 23 percent of its staff. The Globe and Mail reported layoffs of more than 20 percent of staff during the early pandemic period.

source ↗

Jul 2017
US$2.5M seed round and launch out of stealth

Ada Support launched its automated chat platform out of stealth and announced a $2.5 million seed round; Bessemer Venture Partners issued the term sheet after the team raised in October 2016, with Version One Ventures an existing investor.

$2.5M source ↗

Jan 2016
Pivot from Volley to Ada

After winding down social network Volley in early 2016, co-founders Mike Murchison and David Hariri changed the business into an automated customer service technology provider; by summer 2016 Volley had become Ada, launching with early customers including Medium, Kik and Wattpad.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ada Support do?
Toronto-based Ada Support builds enterprise AI customer service agents that automate resolution across chat, email, voice and messaging.
Who are Ada Support's investors?
Ada Support's investors include Accel, Bessemer Venture Partners, DMZ Ventures, FirstMark Capital, Garage Capital, Giant Ventures Global Llp, Spark Capital.