Relevance AI, a Sydney, Australia-based AI-based workflow automation startup, has raised $15 million in Series A funding.
SaaS Investors
The round was led by King River Capital, with participation from Peak XV's Surge, Galileo Ventures, and Insight Partners.
Founded in 2019, King River Capital is a venture capital firm based in Surry Hills, Australia. The firm invests in high-growth technology businesses and exceptional teams across the globe working to solve critical problems within larger markets.
Relevance AI Use of Funds
The company plans to use the funding to scale its team globally and expand into San Francisco in 2024.
About Relevance AI
Founded in 2020, Relevance AI is a platform to build and deploy AI apps & agents. The company focused on helping companies build custom AI agents for repetitive reasoning tasks. It currently has two primary products, AI Tools which enable users to plug and play into existing workflows to automate repetitive tasks, and AI Agents which complete entire workflows in functions like marketing, sales, and research. Relevance AI is on a mission to enable teams to be limited only by their ideas, not their size.
Funding Details
Company: OnSearch Pty Ltd.
Raised: $15.0M
Round: Series A
Funding Month: December 2023
Lead Investors: King River Capital
Additional Investors: Peak XV's Surge, Galileo Ventures, and Insight Partners
Company Website: https://relevanceai.com/
Software Category: Workflow Automation
Source: https://www.startupdaily.net/topic/funding/us-vc-insight-partners-doubles-down-on-data-analytics-startup-relevance-ai-in-15-million-series-a/