Enterprise AI Agent Innovator Relevance AI Announces $24M Series B Funding Round

Relevance AI, a startup developing an AI agent operating system for businesses, has raised $24 million in Series B funding led by Bessemer Venture Partners. With participation from King River Capital, Insight Partners, and Peak XV, the round brings the company’s total funding to $37 million.

Relevance enables companies to deploy and manage specialized AI agents that integrate into business workflows, mimicking human team structures. Co-founder and co-CEO Daniel Vassilev said the platform’s flexibility allows organizations to train agents on niche processes across tech stacks without vendor lock-in. The company is also launching “Workforce” for multi-agent collaboration and “Invent” for no-code agent creation, supporting rapid growth in its U.S. and Australian markets.

Featured image: Credit: Relevance AI