Sydney and San Francisco-based Relevance AI said it has secured US$24 million (A$37 million) in Series B funding to accelerate its mission of empowering knowledge workers to create specialised AI agents.
The current funding round was led by Bessemer Venture Partners, with participation from returning investors King River Capital, Insight Partners, and Peak XV.
The investment coincides with Relevance AI's launch of two new features: Workforce a visual multi-agent system builder, and Invent, claimed to be the world's first text-to-agent generator.
"This funding fuels our vision of making Relevance AI the definitive home of the AI workforce," Daniel Vassilev, co-founder and co-chief executive of Relevance AI, said.
Co-founder and co-chief executive Jacky Koh explained Relevance's new Invent feature, saying it enables domain experts to create specialised agents using natural language descriptions.
"Instead of adapting AI to fit human workflows, we're enabling an entirely new paradigm where companies build their processes around AI capabilities from the start," Koh said.
The company said it has experienced significant growth, with 40,000 agents created on its platform in January 2025 alone, serving customers from startups to Fortune 500 companies.
Unlike traditional automation tools, Relevance AI's platform enables the creation of AI agents that can make contextual decisions and handle non-deterministic workflows, bringing human-quality work to previously non-automatable tasks.
The Series B funding brings Relevance AI's total investment to US$37 million, with the company now employing over 80 people across its offices in San Francisco and Sydney.
Scott Henderson, Relevance AI's head of marketing, told Techpartner.news that the product is being built in Sydney, with sales and marketing functions being in San Francisco.
Series B funding represents the second round of venture capital financing for startups that have already demonstrated market fit and achieved initial growth milestones.
It typically follows seed and Series A rounds, providing capital for companies to scale operations, expand market reach, and develop their products further.
Bessemer's other investments include numerous technology companies that have gone public or been acquired, including Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, and Fiverr.
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