Fundraising Fox

Relevance AI

Founded 2020 · 113 employees on LinkedIn · 6 known investors

Find your way into Relevance AI

62 people in our graph share verified history with the Relevance AI team — schools, employers, funds. One of them is your warm intro.

Relevance AI provides an enterprise platform for building and deploying autonomous AI agents that handle specific business tasks. The platform enables teams to map workflows, deploy customized agents for use cases like sales, customer support, and operations, and scale agent deployment across their organization with built-in governance, monitoring, and access controls.

Also known as Relevance

Founders & leadership

Relevance AI was founded in 2020 by Daniel Vassilev and Daniel Palmer.

DVDaniel Vassilev
Daniel VassilevinCo-founder and co-CEOHe previously built and scaled two mobile applications to a combined 7 million users, with one reaching the App Store's top free ranking.
DPDaniel Palmer
Daniel PalmerinCo-Founder

Investors · 6

Also in the syndicate · 1

Peak XV

Company profile

researched Aug 2026

Relevance AI operates a low/no-code platform for building, deploying and managing AI agents and multi-agent "workforces" that autonomously complete business tasks in a manner the company compares to human employees. Users can generate an agent from a natural-language description using Invent, clone pre-built agents, tools and workforces from a marketplace, or build from scratch; agents are equipped with no-code tools for actions such as sending email, updating a CRM, web search or calling arbitrary APIs, and with a retrieval-augmented "Knowledge" layer fed by uploaded files or syncs from Google Drive, SharePoint, Notion and websites. Multiple agents can be linked on a visual canvas so each handles a narrow step and the workforce manages handoffs, with escalations, approval workflows and triggers configured before deployment.

The company positions its offering around narrow "specialist agents" that each own a single task, contrasted with general frontier-model exploration tools. Marketed agent examples cover sales and go-to-market work — research and enrichment, pre-meeting briefs, post-call actions, meeting scheduling, outbound personalization, pipeline forecast roll-ups, deal review and proposal drafting — as well as customer success, marketing, HR, support, operations and research functions. The platform runs evaluations against live runs to chart pass rates and detect drift, and benchmarks multiple third-party models (including Anthropic, Google, OpenAI, GLM and Kimi families) per agent to select the lowest-cost model that clears a quality bar. Enterprise controls include SSO, RBAC, audit logs, A/B testing and analytics.

Founding story

Co-founders Daniel Vassilev, Jacky Koh and Daniel Palmer started the company on the premise that roughly 80% of business data is qualitative — text, images, audio, video — and that most businesses use only a fraction of it; making vector-based machine learning accessible to teams without large data science functions was expected to raise productivity across industries. The founders later described traditional automation tools as hitting a ceiling: effective for rule-based processes but unable to handle tasks requiring judgment and contextual decision-making, which motivated the move to AI agents.

Business model

Relevance AI sells access to its agent platform to businesses, with an Enterprise tier priced on a custom, sales-led basis ("Talk to sales") that bundles unlimited agents, tools, users, projects and workforces, 2,000+ integrations, calling and meeting agents, enterprise triggers, agent evaluations, A/B testing and analytics, SSO, RBAC and audit logs, custom actions, custom vendor credits and a dedicated account manager. A self-serve entry path exists via a free trial and an instantly usable chat product. Alongside software, the company offers an embedded deployment team that maps use cases, builds a first set of agents and then trains customer staff to build further agents themselves.

Subscription/usage-based enterprise software with custom pricing negotiated through sales, including custom vendor credits for model usage; a free trial and self-serve sign-up provide entry access.

Traction

The company reports 40,000 agents created on the platform in January 2025 alone and says it has helped thousands of teams deploy agents running millions of tasks a month; its earlier vector platform was cited as serving millions of end users with 100 million weekly API requests. Headcount grew from 4 at Galileo's initial investment to 18, then 19 in 2023 and over 80 by May 2025. Published customer outcomes include Qualified generating $7M pipeline in six months with 35+ agents and a 10x output increase, Send Payments saving 40 hours weekly across global operations, and Zembl reporting 30% higher customer conversion and 60% faster average call time.

Latest developments

In May 2025 the company announced a $24M Series B led by Bessemer Venture Partners with King River Capital, Insight Partners and Peak XV participating, bringing total funding to $37 million; no valuation was disclosed. Concurrently it launched Workforce (visual multi-agent builder) and Invent (text-to-agent generator), opened a San Francisco office, and said it would use the funding to enhance agent product capabilities and support customers in Australia and the U.S. Later blog activity includes posts on adaptive context management for production AI agents and on submitting to the Relevance AI marketplace.

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

Market position

Relevance AI competes in the AI agent market, which a Boston Consulting Group report cited by TechCrunch expects to grow at a 45% compound annual growth rate over five years. The company identifies agent builder platforms, vertical agent software and agent engineering frameworks as its competitive set, naming players such as Retell, Qeen.ai, SmythOS, Gooey.AI, Cykel AI and Microsoft, and noting incumbents like Salesforce betting on agents. It is backed by Bessemer Venture Partners, Insight Partners, King River, Galileo Ventures, Archangel Ventures and Peak XV.

According to co-founder and co-CEO Daniel Vassilev, the platform lets customers train agents to specialize in the niche workflows of their organization and is tool- and model-agnostic, so customers can use their whole existing tech stack rather than a single vendor's ecosystem. The company also emphasizes enabling subject-matter experts rather than engineers to build agents, evaluation-driven quality benchmarking with drift detection, and per-agent model selection that picks the cheapest model meeting a defined eval threshold. It frames its approach as delegation to autonomous agents rather than the "co-pilot" model.

Technology

An "agent operating system": a low/no-code agent builder with pre-built templates, a no-code tool builder for integrations and API calls, a RAG-based Knowledge layer, multi-agent workforces assembled on a visual canvas, human oversight through escalation and approval workflows, and triggers. Evaluations sample live runs (e.g., 2% sampling) to chart pass rates and flag drift, and the platform is model-agnostic, benchmarking eval score and cost per run across providers to select a model per agent. Earlier technology centered on a developer-first vector platform enabling similarity search and machine learning over unstructured text, image, audio and video data.

Go-to-market

Sales-led motion for enterprise accounts ("Book a demo", "Talk to Sales") combined with self-serve sign-up and a free trial. An embedded deployment team runs a structured onboarding: weeks 1-2 mapping use cases and value, weeks 3-6 deploying an initial team of customized agents, then training internal experts to build further agents independently. The company publishes customer case studies and an "Agents@Work" series featuring deployments at named enterprises, and maintains a marketplace, documentation, community and blog to support adoption.

Enterprise and mid-market teams in sales, customer success, marketing, HR, customer support, operations and research, plus startups; the company says its platform scales from early-stage startups to Fortune 500 enterprises. Named customers and reference accounts include Qualified, Activision, SafetyCulture, Canva, Autodesk, KPMG, Lightspeed, Send Payments and Zembl.

Geography

Headquartered originally in Sydney; as of May 2025 the company describes itself as San Francisco- and Sydney-based, with staff across both offices and Australia and the United States as its primary markets. Co-founder and co-CEO Daniel Vassilev relocated to San Francisco.

History

The company was co-founded by Daniel Vassilev, Jacky Koh and Daniel Palmer around a developer-first platform for vectors, headquartered in Sydney. Galileo Ventures invested at an early stage when the team was four people; by the time of a US$3m follow-on round led by Insight Partners the team had grown to 18 and the platform was handling about 100 million weekly API requests. A Series A followed roughly a year and a half before May 2025. The product later shifted toward building and operating AI agents and multi-agent workforces. In May 2025 the company raised a $24M Series B led by Bessemer Venture Partners, taking total funding to $37 million, opened a San Francisco office, and grew to over 80 staff across San Francisco and Sydney (from 19 in 2023). As of May 2025 TechCrunch described it as a 5-year-old company.

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

Key figures

latest reported
AI agents created on platform in January 2025Jan 202540,000 agents
Company ageMay 20255-year-old company
EmployeesMay 202580 people
HeadcountAug 2026113
Team sizeJan 202218 people
Total funding raisedMay 2025$37M
Weekly API requestsJan 2022100,000,000 requests/week

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

Founder mafia

2 people who came through Relevance AI went on to found or lead other companies.

Competitors · 8

by search overlap
Netezza480 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Zapier462 shared keywordsZapier provides a platform for connecting AI models and agents to workflows and business applications, enabling teams to automate tasks across over 9,000 apps without coding. The platform serves enterprises, operations teams, and businesses of all sizes looking to deploy AI-driven automation for lead capture, customer support, employee onboarding, and other business processes.
OpenAI346 shared keywordsOpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
Lindy304 shared keywordsLindy is an AI executive assistant that manages email, schedules meetings, takes notes, and handles administrative tasks for individual professionals and teams. It integrates with email, calendar, and hundreds of third-party applications to automate workplace busywork.
Botpress286 shared keywordsBotpress is an AI agent platform that runs on its own engine, converting plain-language instructions into TypeScript code executed directly instead of relying on tool-calling. It targets teams building AI agents for customer service and other multi-step tasks, and includes a feedback layer for improving agent accuracy over time.
n8n257 shared keywordsn8n is a visual and code-based workflow automation platform that enables technical teams to build, connect, and deploy AI agents and integrations with flexible deployment options ranging from on-premise to cloud infrastructure.
Eesel231 shared keywordseesel AI builds AI "teammates" that connect to a company's tools and perform work tasks under human supervision, with autonomy increasing over time. The product targets support and enterprise teams and uses usage-based pricing tied to work completed.
Hugging Face226 shared keywordsHugging Face is a collaboration platform that hosts and provides access to machine learning models, datasets, and applications. It offers both open-source tools for the ML community and paid compute and enterprise solutions for teams building AI applications.

Companies competing with Relevance AI for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
May 2025
Relevance AI announces $24M Series B led by Bessemer Venture Partners

Company blog post from co-founder and co-CEO Daniel Vassilev announcing $24 million in Series B funding, with participation from King River Capital, Insight Partners and Peak XV.

$24M source ↗

May 2025
Launch of Workforce and Invent

Alongside the Series B, Relevance AI introduced Workforce, a no-code visual multi-agent system builder, and Invent, a text-to-agent generator that creates a specialized agent from a natural-language description.

source ↗

May 2025
New San Francisco office opened

Relevance AI opened an office in San Francisco to be closer to US customers and build its go-to-market team; co-founder and co-CEO Daniel Vassilev relocated there. The company operates from San Francisco and Sydney and cites Australia and the U.S. as primary markets.

source ↗

Jan 2022
US$3M follow-on/seed round led by Insight Partners

Galileo Ventures announced a US$3m follow-on round led by Insight Partners, months after Galileo's own investment. At the time the Sydney-headquartered company had a team of 18, up from 4 a year earlier.

$3M 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 Relevance AI do?
Relevance AI runs a no-code platform for building and deploying teams of specialist AI agents that complete business tasks.
Who founded Relevance AI?
Relevance AI was founded by Daniel Vassilev, Daniel Palmer in 2020.
Who are Relevance AI's investors?
Relevance AI's investors include Bessemer Venture Partners, Galileo Ventures, Insight Partners, King River Capital, Peak XV Partners.