Adarevenue, valuation & funding
Conversational Support SoftwareToronto, CanadaFounded 2016CEO Mike Murchison
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.
- Valuation
- $1.2B
Ada revenue
Ada has not published its revenue. GetLatka estimates it at about $70.6M a year (October 2024).
All 6 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2018 | $4.5M | – |
| Mar 2020 | $17.9M | – |
| May 2021 | $35M | – |
| Nov 2022 | $46.2MEST. | GetLatka estimate |
| Nov 2023 | $57.9MEST. | GetLatka estimate |
| Oct 2024 | $70.6MEST. | GetLatka estimate |
– source not recorded
Ada valuation
Ada is privately held, so there is no Ada stock to buy. Investors valued it at $1.2B.
Ada funding rounds & investors
Ada has raised $192.2M across four rounds since 2017. The latest was a $130M Series C in May 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| May 2021 | Series C | $130M | $1.1B |
| Mar 2020 | Series B | $44M | – |
| Dec 2018 | Series A | $15.7M | – |
| Jul 2017 | Seed | $2.5M | – |
| Total raised | $192.2M |
Ada competitors
Ada competes most directly with HubSpot, Zoho and Freshworks.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 HubSpot | $3.1B | $100.5M | 7,639 | 205K | 2006 |
 Zoho | $1.5B | $7.3M | 24K | 250K | 1996 |
 Freshworks | $838.8M | $1.4B | 8,594 | 150K | 2010 |
| Ada | $70.6M | $192.2M | 558 | 5K | 2016 |
Ada CEO, founders & employees
Mike Murchison founded Ada in 2016 with David Hariri and runs it as CEO. Ada has 558 employees (November 2025, LinkedIn), up from 378 a year earlier.
- Mike MurchisonCo-founder & CEO
- David HaririCo-Founder, Designer, Developer
- Mike G.Chief Product and Technology Officer
Also at AdaBask Gill
All 9 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 558 | |
| Oct 2024 | 378 | |
| Nov 2023 | 385 | – |
| Jul 2023 | 385 | – |
| Nov 2022 | 310 | – |
| Nov 2021 | 235 | – |
| May 2021 | 235 | – |
| Nov 2020 | 200 | – |
| Mar 2020 | 200 | – |
Ada FAQ
How much money does Ada make?
Ada has not published its revenue. GetLatka estimates about $70.6M a year (October 2024).
How much is Ada worth?
Companies don't publish a net worth. The closest figure is Ada's valuation: $1.2B.
Who owns Ada?
Ada is privately held by its founders, employees and investors.
Is Ada publicly traded?
No. Ada is a private company, so its shares are not listed on a stock exchange.
How much funding has Ada raised?
$192.2M across 4 rounds; the latest was a $130M Series C in May 2021.
Who is the CEO of Ada?
Mike Murchison, a co-founder.
Who founded Ada?
David Hariri and Mike Murchison, in 2016.
How many employees does Ada have?
About 558 as of November 2025 (LinkedIn).
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How this page is sourced
2 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 12, 2026Data disclaimerReport a correctionClaim this profileRun Ada? Join the podcast