Relevance AI has launched two products: AI Tools and AI agents, which can be integrated into existing workflows to automate tasks and complete entire workflows. The company's latest AI agent, the business development representative (BDR) agent, assists sales teams by managing their inboxes, follow-ups, and answering basic questions. The startup, founded in 2020, plans to expand its team and establish a U.S. presence with an office in San Francisco next year.
Key takeaways:
- Relevance AI, an Australia-based startup, has raised $10 million in a Series A funding round. The company offers a SaaS-based low-code platform that enables businesses of all sizes to build custom AI agents for various functions.
- The startup claims that around 6,000 companies have signed up with Relevance AI in the past three months, running over 250,000 tasks such as customer inquiries, sales management, and market research.
- Relevance AI has launched two products, AI Tools and AI agents, which can be integrated into existing workflows to automate repetitive tasks and complete entire workflows.
- The company plans to scale its team and expand its U.S. presence with an office in San Francisco in 2024. It currently has 19 staff and aims to increase this to around 30 by mid-2024.