AI startup Lyzr Inc. secured funding from Artha99 to accelerate the development of Organizational General Intelligence (OGI) - a central intelligence powered by the agent data from for all AI agents employed by an organization.
Jersey City, NJ, 17th June, 2024. Lyzr Inc., an AI startup that builds fully autonomous AI Agents based in Jersey City, NJ, raises investment from Artha99, a Chennai-based Pre-Series A, Venture Capital Fund.
Lyzr is a full-stack agent framework that adopts an 'agentic' approach to building generative AI applications. With Lyzr, you can build AI worker agents like Jazon - The AI SDR and Skott - The AI Marketer or AI task agents like chatbots, knowledge search, summarizer, and more. Lyzr agents run locally on customer’s cloud servers, ensuring 100% data privacy and compliance.
While the Industry is working on AGI, Lyzr stands out as one of the early players developing Organizational General Intelligence (OGI) setting the pace in this field. At the core of Lyzr's technology is AgentMesh, an advanced AI communication and data layer that allows seamless communication between different AI agents. Central to this structure is an AI-generated data layer to which each agent can contribute and extract information. Over time, this data layer evolves into “Organizational General Intelligence.” OGI is a centralized “super agent” that can integrate with an organization's AI agents to make high-level decisions, anticipate potential issues, and execute strategic actions.
Lyzr was founded in 2023 by Mr. Siva Surendira. This marks Mr. Siva’s return to entrepreneurship, following the successful establishment and sale of Powerupcloud, a leading cloud & data consulting company acquired by Larsen & Toubro Infotech (LTI) in a landmark all-cash deal valued at USD 20 million in 2019. Following the acquisition, Mr. Siva contributed significantly to LTI’s cloud business expansion in the United States, playing a pivotal role in scaling LTI’sglobal AWS business from USD 60 million to USD 200 million in less than three years. Mr. Siva is an alumnus of CIT, Coimbatore.
Mr. Siva Surendira, CEO of Lyzr, commenting on the investment, said “The funding will help Lyzr accelerate development of its "Organizational General Intelligence"(OGI) technology that aims to help businesses run and operate autonomously. As organizations strive for efficiency and innovation in an increasingly competitive landscape, adopting advanced AI solutions like those offered by Lyzr could be the key differentiator.”
Mr. Vignesh Shankar, Managing Partner at Artha99, said, “With GenAI changing rapidly and creating newer opportunities every passing day, the requirement for all businesses to ride the AI bandwagon is a given. We found Lyzr to be operating in a niche space using its agent framework to enable organizations build their AI capability(OGI) and at the same time keeping the data private. We see this space quadruple as more organizations get AI-powered. We are excited to be part of the Lyzr growth juggernaut”.
About Artha99 VC Fund
Artha99 is a Category-1 Alternate Investment Fund (AIF) registered with SEBI, based in Chennai and is dedicated to identifying, investing in, and catalysing businesses for India’s growth century. To know more about Artha99 visit www.artha99.vc
Lyzr is a full-stack agent framework that adopts an 'agentic' approach to building generative AI applications. With Lyzr, you can build AI worker agents like Jazon - The AI SDR and Skott - The AI Marketer or AI task agents like chatbots, knowledge search, summarizer, and more. Lyzr agents run locally on customer’s cloud servers, ensuring 100% data privacy and compliance.
While the Industry is working on AGI, Lyzr stands out as one of the early players developing Organizational General Intelligence (OGI) setting the pace in this field. At the core of Lyzr's technology is AgentMesh, an advanced AI communication and data layer that allows seamless communication between different AI agents. Central to this structure is an AI-generated data layer to which each agent can contribute and extract information. Over time, this data layer evolves into “Organizational General Intelligence.” OGI is a centralized “super agent” that can integrate with an organization's AI agents to make high-level decisions, anticipate potential issues, and execute strategic actions.
Lyzr was founded in 2023 by Mr. Siva Surendira. This marks Mr. Siva’s return to entrepreneurship, following the successful establishment and sale of Powerupcloud, a leading cloud & data consulting company acquired by Larsen & Toubro Infotech (LTI) in a landmark all-cash deal valued at USD 20 million in 2019. Following the acquisition, Mr. Siva contributed significantly to LTI’s cloud business expansion in the United States, playing a pivotal role in scaling LTI’sglobal AWS business from USD 60 million to USD 200 million in less than three years. Mr. Siva is an alumnus of CIT, Coimbatore.
Mr. Siva Surendira, CEO of Lyzr, commenting on the investment, said “The funding will help Lyzr accelerate development of its "Organizational General Intelligence"(OGI) technology that aims to help businesses run and operate autonomously. As organizations strive for efficiency and innovation in an increasingly competitive landscape, adopting advanced AI solutions like those offered by Lyzr could be the key differentiator.”
Mr. Vignesh Shankar, Managing Partner at Artha99, said, “With GenAI changing rapidly and creating newer opportunities every passing day, the requirement for all businesses to ride the AI bandwagon is a given. We found Lyzr to be operating in a niche space using its agent framework to enable organizations build their AI capability(OGI) and at the same time keeping the data private. We see this space quadruple as more organizations get AI-powered. We are excited to be part of the Lyzr growth juggernaut”.
About Artha99 VC Fund
Artha99 is a Category-1 Alternate Investment Fund (AIF) registered with SEBI, based in Chennai and is dedicated to identifying, investing in, and catalysing businesses for India’s growth century. To know more about Artha99 visit www.artha99.vc
