‘KOGO’s AI agentic framework performing real-world duties is a primary in India’

MapmyIndia-backed AI start-up KOGO claims to have developed India’s first AI agentic framework that may carry out real-world duties. The corporate’s proprietary product KOGO working system (OS), is constructed on small motion fashions and might carry out numerous duties whatever the trade, says Co-founder and CEO Raj Okay Gopalakrishnan.

“KOGO was began six years in the past as a deep tech AI firm. The target was to make use of AI to create path-breaking merchandise. Our first providing disrupted the journey and mobility house. We solved issues utilizing the Gen AI precursor – Narrative Intelligence and Computational Linguistics,” mentioned the CEO, including that KOGO was launched in February 2020 in India, earlier than Australia, and Indonesia.

“As quickly because the world opened after Covid, we launched our enterprise stack and received the highest three largest producers of two-wheelers, Hero, TVS, and Bajaj, to undertake it. Okay. We grew to become the default AI stack for mobility and journey.”

The corporate realised no platforms or frameworks have been out there to create an AI journey skilled/tremendous agent. “There nonetheless isn’t any framework out there to create AI brokers like this as a result of expertise is scarce and also you want the precise expertise. Logically, we needed to construct an AI agent OS platform, and so we did. We created our AI agent builder after which constructed the journey AI skilled. In Could this yr, we mentioned we’re India’s first AI agent OS or agent builder; a no-code, low-code platform you possibly can construct brokers inside minutes,” he added.

“When there’s a monetisable enterprise thought, expertise is an enabler. Our platform is an enabler throughout the board. Our agent can do gross sales, analysis, operations, customer support, and perceive information. The trade doesn’t matter as a result of it may be utilized throughout all of them,” mentioned Gopalakrishnan, including, “All people wants customer support, enterprise intelligence to crunch information, operational assist, analysis, and gross sales. We take enterprise workflows and get guide and repetitive work achieved. Our acknowledged purpose may be very easy. We have now a human-first manifesto and our tagline is human potential meets AI. KOGO AI brokers can bear the grunt work.”

‘AI is dear and troublesome’

Mentioning that companies are unaware of the place to start out as a result of constructing AI is dear and troublesome, Gopalakrishnan identified the gaps in privateness and lack of real-world deployment. “Regardless of numerous frameworks like Langchain, Llama Index, and Autogen, there is no such thing as a real-world deployment or real-world brokers. Solely massive enterprises with some huge cash can deploy and get experience in AI since there is no such thing as a dependable production-grade platform for constructing AI brokers,” he mentioned, including that the majority enterprise-grade frameworks, of which there are very few– are skinny wrappers on prime of ChatGPT. 

In line with KOGO’s enterprise mannequin, shoppers get one million agent tokens for $66. Some brokers could use 2,500 tokens for processes, whereas others would require half one million due to the complexity of others. “An agent performing a number of features will use a number of agentic computation due to a number of abilities and capabilities and should value 1 million tokens.”

“KOGO did a number of rounds of funding with angel buyers earlier than MapMyIndia, in 2022, acquired a 26 per cent stake. Within the following section, they additional invested and received one other 14 per cent stake, with a last stake of 40 per cent. We began producing income final yr, closing at about $200,000. This yr, within the first month, we closed an order guide of $400,000. Our ARR might be about $2.6-2.7 million by the tip of this yr,” mentioned the CEO. With 27 ongoing proofs of idea (POCs), most will go reside within the second and third quarters.

Out of the 27 POCs, seven are occurring between the Gulf and North America. KOGO’s latest consultant workplace within the MENA area will function its European markets. The corporate has began conversations in North America.

Gopalakrishnan talked about that globally, the AI agent trade in 2024 is price round $8.7 billion. It’s rising at 43.8 per cent, crossing $100 billion by 2029; 30 per cent of this growth is within the US, adopted by 26 per cent in Europe and about 18 per cent in India. The biggest sectors utilizing this innovation are medical and BFSI, adopted by retail and e-commerce, and journey and mobility. “We’re focusing our energies on these sectors with the agent templates we’re making,” he mentioned.