Relevance AI raises $24M to help businesses build AI agents

Individuals may work closely with AI agents as they become increasingly prevalent in the workplace. According to a report by Boston Consulting Group, the market for AI agents is expected to grow at a 45% compound annual growth rate over the next five years. Just like human employees, AI agents could be onboarded to learn various roles, access company information and business contexts, and integrate into workflows. In addition, unlike traditional automation tools, AI agents have the potential to constantly adapt and improve their operations. Relevance AI, a San Francisco- and Sydney-based startup developing an AI agent “operating system” to enable businesses to build teams of AI agents, has raised $24 million in Series B funding led by Bessemer Venture Partners. Returning investors King River Capital, Insight Partners, and Peak XV also participated, bringing Relevance’s total raised to $37 million. The company did not provide its valuation. The fundraising comes about a year and a ha ... Read full article.