Adept, a two-year old AI startup that has raised more than $400 million in funding, has received an offer from Microsoft to combine some of its operations with the giant software maker, according to three sources familiar with the matter.
Two of the sources told Fortune that Adept has received and signed a term sheet from Microsoft, though the specifics and financial value of the deal could not be learned. According to one the sources, the deal would not be a standard acquisition, but involves some of Adept's team moving to Microsoft. That would be similar to Microsoft's controversial deal with Inflection AI earlier this year.
