Adept AI
AIUSA
New to Unitard
π€ Acquired
PeakΒ $1 BillionToday
~-98%
from peak
- π¦Became a unicorn2023
- πPeak valuation$1 Billion β23
- πBecame a UnitardJun 2024
- πΈLast valuation~$20M
Current status
Amazon acquihire (Jun 2024); ~$25M shell
The rise & fall
5 moments Β· 2022β2024The key moments.
Jan 2022
Jan 2022
Founded by Transformer royalty
David Luan and Transformer co-authors Ashish Vaswani and Niki Parmar set out to build AI agents that can operate any software.
TechCrunch
Mar 2023
Mar 2023
The peak: a $350M round, unicorn in year two$1B
The Series B values Adept around $1B, with $415M+ raised to chase software-using agents.
TechCrunch
2023β24
2023β24
Frontier-model math stops working
Building frontier models costs more than even $415M can cover, and Adept can't keep pace with the big labs.
The Information
Jun 2024
Jun 2024
Reverse-acquihire: Amazon takes the team$25M
Amazon hires the CEO and co-founders and licenses the technology; what's left is a shell worth roughly $25M β about 2% of the peak.
GeekWire
How it happened
Adept AI was building AI agents that could operate software, reaching roughly a $1B+ valuation across its 2023 funding. Unable to afford frontier-model development, it was hollowed out in June 2024 when Amazon hired its CEO and co-founders and licensed its technology. The remnant survives as a roughly $25M shell.
Source: Raised $415M+; AI agents
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
