Adept, a startup training AI to use existing software and APIs, raises $350M

In another sign that the current VC appetite for AI is insatiable, Adept, a startup building AI that "enables humans and computers to work together creatively to solve problems," yesterday announced that it raised $350 million in a Series B funding round co-led by General Catalyst and Spark Capital with participation from Addition, Greylock, Atlassian Ventures, Microsoft, Nvidia, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel and A.Capital. Forbes reports that the valuation was "at least" $1 billion. The cash injection brings Adept's total raised to $415 million, which co-founder and CEO David Luan says is being put toward productization, model training and headcount growth. "Giant foundation models for language and for images have shown astounding capabilities in the last few years. Adept is building on this momentum via a new kind of foundation model that can perform actions on any software tool using natural language," he said in a press release.