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Agentic AI is a sophisticated algorithm that can adapt and learn on its own, building on the success of large language models like ChatGPT that require human inputs to train them. Built for a specific field, agentic AI resembles a worker skilled in a certain task\u2014such as customer service, invoicing and more\u2014and operates as a network of skilled professionals to automate tasks.<\/p>\n
Earlier this week, decade-old health-tech firm Innovaccer announced the launch of seven artificially intelligent \u2018agents\u2019, purpose-built to ease the lives of overworked doctors and medical staff around the world. The San Francisco-based startup has raised $275 million for its \u2018healthcare intelligence cloud\u2019\u2014a suite of digital services assisting hospitals and clinics in various tasks.<\/p>\n
The funding round saw six top VC firms, including Facebook cofounder Eduardo Saverin\u2019s Singapore-based B Capital Group, and Microsoft\u2019s investing arm M12 participate.<\/p>\n
Indian venture capital firms are also scouting for potential investment opportunities in some of the world\u2019s most promising agentic AI ventures in India and overseas.<\/p>\n
In April last year, Plotch.ai raised an undisclosed pre-seed funding round from marquee VCs including Antler and Peak XV Partners (formerly Sequoia Capital India). The same month, AI sales automation platform SiftHub raised $5.5 million in seed funding from Matrix Partners and Blume Ventures, among others. In September 2024, Bengaluru-based CoRover.ai raised $4 million as part of its series-A funding round, led by Mumbai-based multi-stage VC fund, Venture Catalysts.<\/p>\n
Last month, US-headquartered Indian-origin agentic AI startup Atomicwork raised $25 million in series-A funding, bringing Khosla Ventures, one of the world\u2019s top VCs, to the table. Blume Ventures and Peak XV were also part of the round.<\/p>\n
The agentic AI market is expected to swell from $5.1 billion to about $47.1 billion by the end of this decade, according to a report by French IT firm Capgemini. That\u2019s a potential compounded annual growth rate of 45%, underpinning VCs interest.<\/p>\n
The entire generative AI market is projected to generate $356 billion in revenue globally by 2030.<\/p>\n
\u201cEven though the technology is in nascent stages\u2014closer to OpenAI\u2019s ChatGPT 3.0\u2014the excitement around agentic systems is about the potential of completely automating repeatable tasks that were taking up a lot of effort,” said Prayank Swaroop, partner at Accel, which has started investing in the technology.<\/p>\n
For instance, a company can deploy a network of \u2018agents\u2019 or algorithms that are individually skilled at accounting, monitoring factory production rates or processing customer queries. Each such AI agent work together, much like a back-office team of employees, but with significantly lesser human intervention.<\/p>\n
Also read |<\/strong> Expect Agentic AI to make big waves in 2025<\/a><\/p>\n Blume is \u201cvery bullish on the potential for agentic AI startups to redefine both specific industry verticals, and functional use-cases that are more horizontal and will double down on this space this year as well,” said Sumangal Vinjamuri, associate vice-president at the venture capital firm. \u201cWe think that agents have the potential to own end-to-end outcomes and workflows in these scenarios, and we are already starting to see that happen through some of the above portfolio companies.”<\/p>\n Solutions offered by some of these startups have already been deployed. CoRover\u2019s agentic AI powers Indian Railways\u2019 online ticketing platform, Delhi Metro Railway Corp\u2019s automated ticketing and operations platforms, and IRCTC\u2019s \u2018Disha\u2019 chatbot.<\/p>\n \u201cWe\u2019re generating a steadily rising annual revenue already from our clients, and we\u2019re deploying agentic AI systems for numerous public and private firms,” said Ankush Sabharwal, cofounder and chief executive of the company. \u201cThis has drawn a high amount of interest from some of India\u2019s top VCs, which we\u2019ll make public soon as part of our ongoing series-A funding round.”<\/p>\nAgentic AI is live<\/h2>\n