Convey Inc. raises $38M in Series A

Convey Inc., a startup specializing in agentic artificial intelligence, has secured $38 million in Series A funding to enhance its platform, which allows non-technical office workers to create and manage AI digital teammates. The round, led by Andreessen Horowitz with contributions from Khosla Ventures and Pear VC, aims to expand Convey's product development and market reach, especially in automating repetitive business tasks.

The startup's platform allows employees without coding skills to design and deploy AI entities capable of automating business processes. These digital teammates are set up in about three hours and can autonomously manage tasks ranging from invoice processing to financial data reconciliation. This approach aims to significantly reduce the time skilled workers spend on manual tasks, as noted by CEO Rohan Chopra. Inspired by his own experiences at DoorDash, Chopra emphasizes that these AI teammates take full responsibility for outcomes rather than just assisting human workers.

Convey targets a major gap in the market as global investment in AI technology is projected to exceed $2.5 trillion this year, yet many organizations struggle to reap the benefits, particularly in back-office automation. While traditional AI assistants offer incremental productivity gains, they often leave the bulk of repetitive work with human employees. Convey’s solution seeks to fundamentally alter how enterprise tasks are executed, moving away from human-dependent processes to AI-driven autonomous task management.

In a market where automation and efficiency are key competitive differentiators, Convey's approach represents a significant divergence from traditional AI-assistant models. Competing startups and established enterprises alike are now likely to reassess their strategies in agentic AI, potentially accelerating the shift towards technology that truly automates workflow tasks without human intervention.

As Convey scales up, it faces the typical challenges of aligning its technology with enterprise-level security and governance requirements. Its AI teammates operate under strict regulatory and IT governance frameworks, which are essential for integration with legacy systems. The milestone of this funding round suggests confidence among investors that Convey can navigate these complexities successfully as it expands, with future steps potentially including more strategic partnerships and market expansion initiatives.