Exclusive: Maven AGI raises $50M Series B
Maven AGI, which builds enterprise AI agents for customer support, raised a $50 million Series B led by Dell Technologies Capital, co-founder and CEO Jonathan Corbin tells Axios Pro.
Why it matters: AI agents are all the rage right now, especially in areas stretched thin, like customer service.
State of play: Several startups have raised money for AI customer service agents, including Parloa's massive $120 million Series C last month.
How it works: Maven's agents are designed specifically for large enterprises, integrating with the myriad systems used by big companies and cleaning up old data sets.
Maven's autonomous agents resolve up to 93% of customer questions, Corbin said.
The company's AI agents can also be used internally by companies to support workflows.
Zoom in: The round also included participation from Cisco Investments, SE Ventures, Pathlight Ventures, Lux Capital, M13 and E14.
Founded in 2023, the Boston-based company has now raised a total of $78 million.
By the numbers: In less than 12 months, Maven has scaled from zero to $7 million in annual recurring revenue, per the company.
It has signed up 30 enterprise customers in its first year, including Tripadvisor, Clio and Paris Hilton's Parivie beauty line.
What they're saying:"Maven just stands out in this very crowded landscape," Elana Lian, partner at Dell, says about investing in the very competitive agentic AI customer service sector.
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