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Ada revenue hit $35 million in 2023

Ada generates revenue from 5000 customers


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Latka collected this data by interviewing Ada CEO Mike Murchison on 05/07/2021

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Ada

Toronto, Canada, Canada

How Ada hit $35M 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.

Founded

2016

Founded

Revenue

$35M

2023 Revenue

YOY
-----

YOY

Funding

$192.2M

Funding


Ada Revenue

In 2023, Ada revenue run rate hit $35M in revenue.

  • 2021

    Ada hit $35M in revenue in 2021

  • 2020

    Ada hit $17.9M in revenue in 2020

  • 2018

    Ada hit $4.5M in revenue in 2018

  • 2016

    Ada launched in 2016 with $0 revenue

298.00% ▲95.00% ▲$4.5M$17.9M$35M

Ada Funding History

  • 2021 Series C

    Ada raised a Series C of $130M at a $1.1B valuation in May 2021

  • 2020 Series B

    Ada raised a Series B of $44M

  • 2018 Series A

    Ada raised a Series A of $15.7M

  • 2017 Seed Round

    Ada raised a Seed Round of $2.5M

  • 2016 Non Equity Assistance

    Ada raised a Non Equity Assistance of Unknown

  • 2016 Pre Seed Round

    Ada raised a Pre Seed Round of Unknown

  • 2014 Pre Seed Round

    Ada raised a Pre Seed Round of Unknown

FUNDING DATEROUNDAMOUNTVALUATION
05/07/2021 Series C $130M $1.1B
03/19/2020 Series B $44M
12/18/2018 Series A $15.7M
07/20/2017 Seed Round $2.5M
10/08/2016 Non Equity Assistance Unknown
01/01/2016 Pre Seed Round Unknown
05/27/2014 Pre Seed Round Unknown

Team

Ada has 385 total employees and 45 sales reps that carry a quota. They have 5000 customers an engineering team of 55 and a marketing team of 13

20202021202318▲64▲
DISTRIBUTIONQTY
Total team size
385
Engineer
55(14%)
Sales
45(12%)
Marketing
13(3%)

CEO/Founder

Mike Murchison

Q&A

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

Ada has 5K customers.

Lifetime Months

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x

Monthly ARPU

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=

Lifetime Dollar

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Acquisition Cost

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Average Annual Price

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$0024681012
$0024681012

$ Funding$ Revenue

Ada Board of Directors

NamePositionWorking EmailPersonal Email

Ada Executives

NamePositionWorking EmailPersonal Email
Mike Murchison CEO--

Ada Employees

NamePositionWorking EmailPersonal Email
Mike Murchison CEO--

Frequently Asked Questions about Ada

When was Ada founded?

Ada was founded in 2016.

How much revenue does Ada generate?

Ada generates $35M in revenue.

Who is the CEO of Ada?

The CEO of Ada is Mike Murchison.

How much funding does Ada have?

Ada raised $192.2M.

How many employees does Ada have?

Ada has 385 employees.

Where is Ada headquarters?

Ada is headquartered in Canada


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