Relevance AI
Build and recruit teams of AI agents to complete tasks on autopilot. The company's mission is to help human teams build and hire their very own AI workforce to achieve more, automate repetitive tasks, and focus on high-value work.
Founding Story
Founded in 2020 by high school friends Jacky Koh and Daniel Vassilev, along with Daniel Palmer. The company initially started as VectorAI, focused on vector encoding for recommendation systems. In late 2022, the founders saw the immense potential of artificial intelligence agents and pivoted the entire business model to focus on AI agents. They realized that traditional automation tools were hitting a ceiling because they worked well for rule-based processes but struggled with tasks requiring judgment and contextual decision-making. Their goal was to build an agent operating system that allows subject-matter experts to create specialized AI agents without requiring deep technical knowledge, ultimately democratizing access to agentic AI.
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Leadership
Founders
Daniel Vassilev
Co-CEO of Relevance AI. High school friends with co-founder Jacky Koh. Relocated to San Francisco in 2025 to establish US headquarters and expand operations.
Jacky Koh
Co-CEO of Relevance AI. High school friends with co-founder Daniel Vassilev. Founded the company in 2020.
Daniel Palmer
Co-founder of Relevance AI. Part of the founding team that started building VectorAI before pivoting to AI agents.
Executive Team
Daniel Vassilev
Co-Founder and Co-CEO
High school friends with Jacky Koh, relocated to San Francisco in 2025 to establish US headquarters
Jacky Koh
Co-Founder and Co-CEO
High school friends with Daniel Vassilev, founded the company in 2020
Business Model
Revenue Model
Credit-based subscription model with tiered pricing. Revenue comes from monthly/annual subscriptions for actions (what agents do) and vendor credits (AI model costs). Users can connect their own API keys to bypass vendor credit charges. Unused credits roll over while on paid plans.
Pricing Tiers
200 actions per month, $2 bonus vendor credits, unlimited agents and tools, chat to invent changes, 2000+ integrations, 1 workforce, 1 user and 1 project, 30-day task history, marketplace access, community forum, SOC 2 and GDPR compliance
7,000 actions per month (84,000/year), $840 vendor credits per year, unused credits rollover, unlimited workforces, 5 build users, 45 end users, 5 shared projects, schedule tasks, calling and meeting agents, A/B testing, analytics dashboard, priority support, and everything in Free
Custom actions, custom credits, unlimited users and projects, enterprise app triggers, agent evaluations, work hour controls, multi-org management, enterprise security, dedicated account manager, custom implementation, priority early access, and everything in Team
Target Markets
- Go-to-market (GTM) teams
- Sales and business development teams
- Customer success teams
- Marketing teams
- Scale-ups and startups
- Fortune 500 enterprises
- Sales development (SDR/BDR) and outreach
- Lead qualification and routing
- Account and prospect research
- Meeting preparation and follow-ups
- CRM data entry and management
- Customer support and ticket resolution
- Canva
- Autodesk
- KPMG
- Lightspeed Commerce
History & Milestones
40,000 agents created on the platform in a single month
Reached team of 80+ employees and 40x year-over-year increase in agents created
Raised $24 million Series B led by Bessemer Venture Partners, reached valuation of nearly $200 million
Launched Workforce and Invent features, opened San Francisco office with Co-CEO Daniel Vassilev relocating to US
Partnered with SafetyCulture to onboard their first AI workforce
1 AI Tool by Relevance AI
Relevance AI
9moNo-code platform for building and deploying autonomous agents with customizable skills and triggers to automate tasks for your business.
