How Ada hit $57.9M revenue and 5K customers in 2023.
Ada's AI-powered platform enables enterprise businesses around the world to automate an incredible customer experience that saves time, reduces cost, and strengthens support. Our industry-leading clients like Telus, Upwork and Shopify, trust us to harmonize humans and AI to deliver instant, empathic, and effortless customer engagement.
2016
Founded
$57.9M
2023 Revenue
25.41%
YOY
$192.2M
Funding
Ada Revenue
In 2023, Ada revenue run rate hit $57.9M in revenue.
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2023
Ada hit $57.9M in revenue in 2023
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2022
Ada hit $46.2M in revenue in 2022
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2021
Ada hit $35M in revenue in 2021
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2021
Ada hit $35M in revenue in 2021
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2020
Ada hit $17.9M in revenue in 2020
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2018
Ada hit $4.5M in revenue in 2018
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2016
Ada launched in 2016 with $0 revenue
Ada Funding History
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2021 Series C
Ada raised a Series C of in May, 2021
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2020 Series B
Ada raised a Series B of in March, 2020
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2018 Series A
Ada raised a Series A of in December, 2018
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2017 Seed Round
Ada raised a Seed Round of in July, 2017
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2016 Non Equity Assistance
Ada raised a Non Equity Assistance of in October, 2016
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2016 Pre Seed Round
Ada raised a Pre Seed Round of in January, 2016
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2014 Pre Seed Round
Ada raised a Pre Seed Round of in May, 2014
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| May, 07 2021 | Series C | ||
| March, 19 2020 | Series B | ||
| December, 18 2018 | Series A | ||
| July, 20 2017 | Seed Round | ||
| October, 08 2016 | Non Equity Assistance | ||
| January, 01 2016 | Pre Seed Round | ||
| May, 27 2014 | Pre Seed Round |
Team
Ada has 385 total employees and 45 sales reps that carry a quota. They have 5,000 customers an engineering team of 55 and a marketing team of 13.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 385 |
| Engineer | 55 (14%) |
| Sales | 45 (12%) |
| Marketing | 13 (3%) |
Founder / CEO
Mike Murchison
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Ada Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Mike Murchison | CEO | - | - |
Ada Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Mike Murchison | CEO | - | - |
Frequently Asked Questions about Ada
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When was Ada founded?
Ada was founded in 2016.
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How much revenue does Ada generate?
Ada generates $57.9M in revenue.
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Who is the CEO of Ada
The CEO of Ada is Mike Murchison.
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How much funding does Ada have?
Ada raised $192.2M.
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How many employees does Ada have?
Ada has 385 employees.
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Where is Ada headquarters?
Ada is headquartered at Toronto, Canada
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