Why AI agent startup /dev/agents commanded a massive $56M seed round at a $500M valuation

Nov 29, 2024

AI startup /dev/agents raises $56M seed at $500M valuation for a new operating system for AI agents.

Why AI agent startup /dev/agents commanded a massive $56M seed round at a $500M valuation

: /dev/agents, led by former Google execs who worked on Android, raised $56 million in a seed round led by Index Ventures and CapitalG. The company aims to build a cloud-based operating system for AI agents, valued at $500 million. Prominent tech leaders like Andrej Karpathy and Andy Rubin also back the venture. The first product version is expected early next year, with a business model similar to Android's monetization.

/dev/agents is a startup founded by former Google executives who were instrumental in the development of Android. The new company aims to create an operating system for AI agents that can seamlessly integrate across devices and simplify complex multi-step tasks.

The startup has secured a $56 million seed funding round led by Index Ventures and co-led by CapitalG, with involvement from other notable investors including Andrej Karpathy and Andy Rubin. This funding round values the company at $500 million, and reflects significant confidence in /dev/agents' prospects.

The company’s cloud-based operating system will utilize generative AI to offer personalized user interfaces. Co-founder and CEO David Singleton suggests that this operating system could facilitate a wide array of commerce, potentially using a business model akin to that of the Android OS.