CrewAI: Multi-Agent Platform Raises $18 Million (Series A)

By Amit Chowdhry • Nov 4, 2024

Leading multi-agent platform CrewAI announced $18 million in total funding that included an inception round led by boldstart ventures and a Series A led by global software investor Insight Partners. Additional investors include Blitzscaling Ventures, Craft Ventures, Earl Grey Capital, and several top angels in AI, including Andrew Ng (a recognized voice in AI) and Dharmesh Shah (co-founder and CTO of HubSpot).

CrewAI’s open-source platform executes 10 million+ agents per month and is already used by nearly half of the Fortune 500. Building on the success of an open-source framework and in response to user demand, the company also launched CrewAI Enterprise, making it easier than ever for large organizations to quickly build, monitor, and iterate on complex AI agents with high-quality results. The company signed its first 150 beta enterprise customers in less than six months.

A large percentage of companies are now using generative AI (GenAI), but nearly all of them still express significant concerns about results accuracy and data security. And these challenges are holding back the full potential of large language models (LLMs) for the enterprise. This is true for automating complex tasks like marketing, accounting, and finance. Companies have been unable to use robotic process automation (RPA) for these use cases due to rigid deterministic approaches, high implementation costs, brittleness, and an inability to self-heal.

Developers in 150+ countries are now using CrewAI to automate work processes and build AI-agent native features and applications. And CrewAI is helping companies realize the enormous potential of LLMs by enabling AI agents to perform complex tasks that leverage LLMs in simple and complex workflows. CrewAI provides a range of new advanced features, including self-iteration, performance evaluation, persistent memory, and a wide range of new agent collaboration structures.

CrewAI is launching its Enterprise Cloud offering after a successful private beta. This universal platform allows organizations to enable their teams to build crews of AI agents using any LLM or cloud platform (tailored to unique and complex workloads to achieve high-quality results). Built on CrewAI’s popular open-source framework, CrewAI Enterprise enables fast iterations by offering templates, access to extensive VIP support, and built-in security. CrewAI Enterprise also enables organizations to:

1.) Plan & Build—Use CrewAI’s framework or Crew Studio to easily build even the most complex multi-agent systems.

2.) Deploy & Monitor—Securely deploy and monitor these multi-agent automations into a production environment with proper levels of access and control.

3.) Assess & Iterate—Track ROI by using testing and training tools to constantly improve efficiency and results quality, ensuring a fast track to value.

The new CrewAI Enterprise platform enables teams of all sizes to build, deploy, and iterate multi-agent crews. And these AI agent crews can be used to automate work processes and power new AI-agent native features and applications.

KEY QUOTES:

“Agents are the key to unlocking AI’s potential and will completely redesign the way companies deliver products. RPA and LLMs alone can’t get you there. Savvy organizations around the world are already deploying multi-agentic applications to help run an entire business while moving fast. We are seeing impact firsthand; in less than one year of launching CrewAI, we signed our first 150 beta enterprise customers. We are seeing 100,000 groups of multi-agent executions per day across hundreds of different use cases. We have made it easy for teams to build groups of AI agents to perform tasks using any LLM, integrate with more than a thousand different applications, and to do so in a way that protects their data privacy.”

– João Moura, founder and CEO of CrewAI

“The widespread adoption of LLMs in the enterprise is creating an enormous opportunity for new revenue streams and cost reduction. The catalyst for this will be AI multi-agent platforms. CrewAI is one of the early leaders in this exciting space and Insight Partners is thrilled to be an investor. Joao has a big vision for what CrewAI can do and we are enjoying helping him and the team achieve that vision.”

– Praveen Akkiraju, managing director at Insight Partners 

“CrewAI makes it easy and fast to develop both simple and complex multi-agent AI workflows.Its powerful orchestration features for enterprises—including memory and self-healing—help businesses go well beyond traditional automation. As a CrewAI user myself, I’m thrilled to be able to support João’s vision with an investment!”

– Andrew Ng, co-founder of Coursera and Stanford professor