Bengaluru-based AI agent platform company Kogo is looking to hit an annual recurring revenue (ARR) of Rs 20 crore by 2025. The company has raised USD 3 million to date and reported a revenue of Rs 2.5 crore for the fiscal year 2023-24.
Led by Co-founder and CEO Raj K Gopalakrishnan, Kogo’s proprietary technology, which is currently patent pending across multiple geographies, supports a range of Small Language Models (SLMs) and Large Language Models (LLMs). This versatility possibly means that the platform can cater to the demands of multiple industries and cover the areas of sales and research to operations, data management and customer service.
Kogo claims that it can help increase productivity by 40 per cent, efficiency by 45 per cent and cut costs by 30 per cent.
The company’s primary market focus is on enterprises and System Integrators (SIs), with plans to expand its offerings to SMEs by May/June, CEO Gopalakrishnan had shared with BW Businessworld. The company has already developed around 40 personas and had an aim to reach 100 by the end of May. These personas are to be available in the Kogo AI agent store.
The Kogo AI store is a marketplace for ready-made, plug-and-play AI personas and agents. Developers can also build and deploy custom AI agents using Kogo OS, a low-code/no-code platform designed to fulfill various enterprise tasks. This platform’s flexibility can apparently enable the creation of AI agents for numerous roles, from legal experts to customer service representatives.
A big use case of Kogo’s technology is in the legal sector, where Kogo’s AI platform significantly reduces research time. In a recent test, Kogo’s AI completed a legal research task in 11 seconds—a task that typically takes three interns and one junior lawyer three to four days. This is largely due to the platform’s ability to quickly retrieve and compile relevant legal precedents from public databases and APIs.
“The AI paralegal was able to go into public databases, into the APIs that we have, get the precedent, get the RTI information, put the name of the judge, put the precedent on which the cases were decided and give the research,” explained Gopalakrishnan.
The company faces competition from players like Rabbit AI and Kore.ai.
Background and the Mappls (Mapmyindia) Connection
Kogo began its journey five years ago as a narrative intelligence company and initially focusing on automating travel experiences. The platform then evolved into an AI travel expert capable of booking hotels, flights and providing travel guidance. The Covid-19 pandemic prompted a strategic pivot towards developing a broader AI ecosystem, said Gopalakrishnan.
The company had initially begun its journey as Mappls Kogo, having raised two funding rounds from MapmyIndia, which retains a 40 per cent stake in Kogo. But today, the company operates just with the name ‘Kogo’.
“Kogo will continue as an AI and deep tech company, developing its AI OS for a variety of applications beyond travel,” added Gopalakrishnan.
