General Catalyst and Spark Capital led a $350m funding round in Adept.

General Catalyst, a private equity company, and Spark Capital, a venture capital firm, led a $350m funding round in Adept, an AI startup, with participation from Addition, Greylock, Atlassian Ventures, Microsoft, Nvidia, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel and A.Capital. “Adept possesses a depth of expertise to deliver a commercial product that pushes the generative AI frontier beyond text and image modalities into the practical realm of knowledge worker actions. Excitingly, ACT-1 has the potential to lower the barrier to entry within the enterprise workforce and thus may yield greater inclusive prosperity,” Deep Nishar, General Catalyst Managing Director.