Adept stock & equity tools

Adept built action models designed to operate software interfaces on behalf of users. It was an early, explicit bet on agentic AI. David Luan, a former OpenAI VP of Engineering, co-founded the company in 2022 alongside Ashish Vaswani and Niki Parmar, two of the original eight authors of the 2017 Transformer paper that introduced the attention mechanism. Adept raised $415 million in total, including a $350 million Series B in March 2023 from General Catalyst, Spark Capital, and others. In June 2024, Amazon hired most of the founding team, returning roughly the invested capital to shareholders and ending Adept as an independent entity.

Sources: semafor.com

Equity comp at Adept

• In June 2024, Amazon hired most of Adept's team (including founders David Luan, Ashish Vaswani, and Niki Parmar) and licensed Adept's technology in a deal structured similarly to the Microsoft/Inflection acquihire. Adept continued as an independent company but with reduced headcount and leadership. Employees who joined before the acquihire held equity in an entity that saw its core team depart; remaining equity value depends on the standalone company's post-deal performance.

Researched 2026-05-07.