Convey Secures $38M Funding Round to Automate Repetitive Work with AI Teammates

Agentic artificial intelligence startup Convey Inc. has announced the closure of a significant funding round, securing $38 million in early-stage investment to scale up its platform for automating business tasks using AI teammates. The Series A round was led by Andreessen Horowitz and saw participation from Khosla Ventures and Pear VC.

The funds raised will be used primarily to enhance Convey's product development efforts and expand the reach of its enterprise-grade platform, which enables non-technical office workers to design, build, and manage their own AI workforces. This innovative approach aims to eliminate the burden of manual tasks on employees by empowering them to create digital teammates that can perform specific business functions autonomously.

According to Convey, even at the most forward-thinking enterprises, skilled operatives often spend several hours a day on mundane tasks such as data extraction from spreadsheets, order processing, and creating recurring reports. Existing AI assistants may provide some incremental gains in productivity but fail to fundamentally change the nature of enterprise work. They act more like 'copilots,' assisting humans rather than driving significant improvements.

Convey's platform seeks to address this issue by allowing anyone to create a digital teammate without needing to write code, thereby making it accessible to non-technical office workers. Once spun up, Convey's autonomous agents can learn how to perform specific tasks, gather necessary context, and take full ownership of their responsibilities.

The startup claims that its AI teammates can be onboarded in approximately three hours, after which they can automate a range of business processes, including processing invoices, reconciling financial data, managing campaign reports, and ingesting advertising assets at scale. This level of automation is expected to free up significant time for employees to focus on more strategic tasks.

Convey's co-founder and Chief Executive Rohan Chopra emphasized the importance of emphasizing AI teammates rather than agents due to their responsibility for outcomes, as opposed to simply completing specific tasks. Chopra drew inspiration from his experience working at DoorDash Inc., where he witnessed a colleague struggling with manual tracking of drivers on an iPhone.

Chopra explained that this experience led him to develop systems capable of automating the workflow, enabling the colleague to focus on more important tasks. When AI gained widespread attention, Chopra saw an opportunity to provide every company access to similar capabilities, leading to the development of Convey's platform.

The startup's AI teammates operate within strict security and governance boundaries, provisioned in partnership with enterprise information technology departments and connected to critical systems, including legacy platforms lacking modern application programming interfaces. The IT team configures identity, access permissions, and governance guardrails for each teammate, ensuring seamless integration into existing workflows.

Early adopters of Convey's platform have reported measurable return on investment, with the business-to-business retail marketplace Faire Inc. using AI teammates to automate invoice processing tasks that previously consumed hundreds of manual hours. An unnamed streaming service managed to free up over 23,000 hours annually relating to its reporting and advertising workflows.

Andreessen Horowitz partner Joe Schmidt highlighted one of the biggest challenges in AI today: 'adoption without impact.' Many enterprises struggle with increasing their usage of AI but fail to realize tangible benefits or return on investment. Convey's platform addresses this issue by empowering organizations to make a measurable impact from the start, as its AI teammates own the outcome on high-impact operational work.

Convey aims to make every back-office operations team become AI-native, with Chopra explaining that their mission is to 'parachute in,' help teams stand up their AI workforce, and hand over control so they can manage it themselves. This Series A funding round will enable Convey to build its platform at scale, making AI teammates a reality for businesses worldwide.