The company raised $14.5 million in the round, which was led by Accenture, Bloomberg News reported Monday (March 9).
Lyzr said in its post that it is focused on developing “a foundational technology platform to power the post-generative AI landscape.”
The company offers an enterprise-grade agent platform and forward-deployed engineers to help companies deploy AI agents within weeks, according to the post.
“The true strength of Lyzr’s enterprise platform lies in the compounding value of our ecosystem,” the firm said in the post. “We have built an architecture designed to drive mutual growth and strategic alignment across the board, delivering measurable success for our customers, consulting partners, hyperscalers and LLM providers alike.”
The Series A+ round increased Lyzr’s valuation fivefold from its previous valuation of $50 million, per the post.
Lyzr raised $8 million in a Series A round in October
When announcing the Series A round, the company said that it had run more than 1 billion agent simulations, had over 1 million agents live in production and had more than 30,000 developers building on its platform.
Lyzr said a Fortune 100 technology company’s corporate venture capital arm had cut 80% of the time spent sourcing and evaluating startups by deploying over 200 interconnected agents. In another deployment, a chip manufacturer reduced its build time by 70% by migrating its customer service agents to Lyzr, per an October press release.
Accenture, which participated in the Series A round and later led the Series A+, said in an October press release that it would collaborate with Lyzr to bring agentic AI to banking, insurance and financial services companies.
“Agentic AI represents the next frontier in financial services firms’ efforts to adopt and scale AI,” Kenneth Saldanha, global lead for Accenture’s insurance industry practice, said in the release. “Lyzr’s platform lets companies create secure, explainable and compliant AI agents that can automate decisions across workflows, helping to modernize slow manual processes and enhance operational efficiency.”
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