Australian AI start-up raises $37m after backing by US tech heavyweight

The Australian Financial Review
05-06

An Australian start-up that is going head-to-head with some of the world’s biggest technology companies to build the advancing army of artificial intelligence agent workers, has attracted Silicon Valley royalty investors as it looks to cash in on 2025’s hottest trend in business IT.

Relevance AI, which was co-founded by high school friends Jacky Koh and Daniel Vassilev in 2020, has banked a $US24 million ($37 million) funding round led by Bessemer Ventures, an early backer of LinkedIn, Shopify, Pinterest, Twitch and Yelp.

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