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Relevance AI Analysis: $39M Raised

What is Relevance AI?

Relevance AI provides a platform for building and managing AI agents, including custom AI SDR workflows, using a drag-and-drop interface and API flexibility. This allows users to create tailored solutions for sales development representative tasks.
Employees
51-200
Founded
2023
Industry
SaaS, AI/ML
Revenue
$2.9M
Autonomy Level
Semi-autonomous
Market Verticalization
Technology
Sales Tech Capabilities
Prospecting, Enrichment, Personalization, Analytics
Target User Segment
Mid-market

Product Features & Capabilities

  • AI Agents, AI Workforce, AI Tools, Build and manage AI workforce in one visual platform, Create custom AI agents without technical background, Supports various integrations and tools, Automate tasks and improve operational efficiency.
  • Prospecting, Enrichment, Personalization, Analytics

Pricing

Free: $0/month, includes 100 credits/day, 1 user, and 10MB of Knowledge.
Pro: $19/month, includes 10,000 credits/month, 1 user, and 100MB of Knowledge.
Team: $199/month, includes 100,000 credits/month, 10 users, and 1GB of Knowledge.
Business: $599/month, includes 300,000 credits/month, unlimited users, and 5GB of Knowledge.
Enterprise: Custom pricing, tailored for building an AI workforce.

How much Relevance AI raised

Series A - $15 million

December 2023

Series B - $24 million

May 6, 2025
Lead Investor: Bessemer Venture Partners, King River Capital, Insight Partners, Peak XV

Customer Success Story

Relevance AI has notable customers such as MongoDB, Send Payments, Qualified, and SafetyCulture. For instance, MongoDB has reported achieving a remarkable 3,000% return on investment (ROI) by utilizing Relevance AI's platform, which supports their rapid growth and development of AI applications. Send Payments has saved approximately 40 hours weekly and automated over 300 conversations through their AI implementation. Qualified and SafetyCulture have also scaled their operations and improved meeting efficiency significantly with the help of AI agents.

Who are the founders of Relevance AI

JK

Jacky Koh

Co-CEO

DP

Daniel Palmer

Co-Founder

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Financial Overview

$2.9MEstimated Revenue
$39MTotal Raised
Series A$15 million
December 2023
Series B$24 million
May 6, 2025
Investors: Bessemer Venture Partners, King River Capital, Insight Partners, Peak XV
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