Wonderful raises $550M at $5B valuation for its AI automation platform

Artificial intelligence agent startup Wonderful AI BV today announced that it has raised $550 million in funding.

The Series C round was led by Insight Partners, which was also the headline backer of the company’s previous raise in March. Salesforce chipped in as well along with Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer. The startup is now valued at $5 billion.

Amsterdam-based Wonderful sells a platform that enterprises use to build AI agents. The company says its agents can answer product questions, fix technical issues and automate other common business tasks. They’re also capable of performing more complex work thanks to support for Google LLC’s A2A protocol. The open-source technology can split up a challenging task among multiple agents.

Wonderful enables users to organize their agent development projects in team-specific folders. A version control mechanism tracks project revisions and makes it possible to quickly roll back issues. Customers also have access to an A/B testing tool. They can use it to create multiple versions of an agent, compare their performance and identify the one that should be rolled out to end-users.