Search company, investor...

Predict your next investment

Venture Capital
FINANCE | Investment Firms & Funds
acapital.com

Investments

68

Portfolio Exits

2

Funds

8

About A.Capital

A.Capital provides resources and counsel to the creators, inventors and entrepreneurs who are building a new future.

Headquarters Location

3000 Sand Hill Rd #3-160

Menlo Park, California, 94025,

United States

650-924-9321

Want to inform investors similar to A.Capital about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest A.Capital News

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

Mar 15, 2023

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. “Foundation model” is a bit jargony. But Adept’s vision, at a high level, is to create what it refers to as an “AI teammate” trained to use a wide variety of different software tools and APIs. Instead of investigating ways to generate text or images, like startups OpenAI and Stability AI, Adept’s studying how people use computers — specifically how they browse the web and navigate software — to train an AI model that can turn text instructions into sets of digital actions. Adept isn’t the only one exploring this idea. In a February 2022 paper, scientists at Alphabet-backed DeepMind had an AI observe keyboard and mouse commands from people completing “instruction-following” computer tasks, like booking a flight, to learn how to do them itself. Elsewhere, DeepMind co-founder Mustafa Suleyman has teamed up with LinkedIn co-founder Reid Hoffman to launch Inflection AI, which aims to use AI to help humans work more efficiently with computers. The competition isn’t scaring investor away, though — no doubt because of the substantial market opportunity. In a recent survey of AI professionals by Intel-owned Cnvrg.io, nearly 50% said that they believe organization investment in AI development will increase despite the macroeconomic climate. Adept is running lean for now, with just 25 employees. But it’s reportedly experienced some high-level turnover, losing two of its co-founders, Ashish Vaswani and Niki Parmar, to another startup in recent months. That hasn’t disrupted product development, apparently. Adept’s MVP, called ACT-1, can perform tasks like importing LinkedIn URLs into recruiting software, according to Forbes. ACT-1 displays as an overlay window on top of existing software like Google Chrome or Salesforce. A prototype is ready for desktop, but will also come to mobile in the near future. The versatility of ACT-1 evidently attracted strategic investors like Microsoft, Nvidia, Atlassian and Workday, all of whom market software that might someday benefit from its AI assistant. General Catalyst’s Deep Nishar had this to say: “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.”

A.Capital Investments

68 Investments

A.Capital has made 68 investments. Their latest investment was in DeForm as part of their Seed VC on August 8, 2023.

CBI Logo

A.Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2023

Seed VC

DeForm

$4.6M

Yes

2

3/14/2023

Series B

Adept

$350M

Yes

12

3/3/2023

Series A

Character.AI

$150M

Yes

19

1/18/2023

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

9/8/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/30/2023

3/14/2023

3/3/2023

1/18/2023

9/8/2022

Round

Seed VC

Series B

Series A

Seed VC

Seed VC

Company

DeForm

Adept

Character.AI

Subscribe to see more

Subscribe to see more

Amount

$4.6M

$350M

$150M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

12

19

10

10

A.Capital Portfolio Exits

2 Portfolio Exits

A.Capital has 2 portfolio exits. Their latest portfolio exit was Gabi on November 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/19/2021

Acquired

$99M

3

10/15/2018

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/19/2021

10/15/2018

Exit

Acquired

Acquired

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

3

10

A.Capital Fund History

8 Fund Histories

A.Capital has 8 funds, including Capital Parallel Fund B.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/14/2014

Capital Parallel Fund B

Early-Stage Venture Capital

Closed

1

2/14/2014

Capital Parallel Fund A

Subscribe to see more

Subscribe to see more

10

2/14/2014

Capital Partners

Subscribe to see more

Subscribe to see more

$99M

10

Capital Partners II

Subscribe to see more

Subscribe to see more

10

Capital Parallel Fund II-B

10

Closing Date

2/14/2014

2/14/2014

2/14/2014

Fund

Capital Parallel Fund B

Capital Parallel Fund A

Capital Partners

Capital Partners II

Capital Parallel Fund II-B

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Closed

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$99M

Sources

1

10

10

10

10

A.Capital Team

3 Team Members

A.Capital has 3 team members, including current Chief Operating Officer, Zachary Miller.

Name

Work History

Title

Status

Zachary Miller

Chief Operating Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Zachary Miller

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Operating Officer

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.