Agentic AI startup Gyaan AI has rechristened itself as MaxIQ and raised $7.8 Mn (about INR Cr) in a seed funding round led by Dell Technologies Capital, with participation from Intel Capital
The Pune-based startup will use the fresh capital to scale operations, boost product innovation and expand its leadership team
Founded in 2022, MaxIQ leverages AI to help B2B SaaS companies automate their workflow, increase customer retention and predict revenue growth more accurately
Agentic AI startup Gyaan AI has rebranded itself as MaxIQ and also raised $7.8 Mn (about INR 68 Cr) in a seed funding round led by Dell Technologies Capital, along with participation from Intel Capital.
The Pune-based startup will use the fresh capital to scale operations, boost product innovation and expand its leadership team, it said in a statement.
Founded in 2022 by Sonny Aulakh, MaxIQ is an AI-based sales enablement platform. It helps B2B SaaS companies manage their revenue across their entire customer lifecycle.
The startup is introducing a first-of-its-kind AI-driven customer journey management platform designed to help B2B SaaS companies drive revenue growth by integrating customer acquisition processes with post-sales processes.
MaxIQ has appointed Matt Hickey as the chief executive officer and Rob Sexton as its chief revenue officer. The duo brings a wealth of experience having worked at firms like Palo Alto Networks, EMC and Securiti.ai. As former C-suite executives, they have worked on several category disruptive technologies such as Data Domain, XtremIO and CloudGenix, the startup said.
“Today’s tools leave a critical gap between sales and customer success, resulting in misalignment, delays, and missed revenue opportunities. MaxIQ solves this by unifying workflows and delivering AI-powered insights that enable revenue teams to operate in sync and drive faster value to customers,” Hickey said.
Meanwhile, founder Aulakh will continue to lead the product innovation division and expand MaxIQ’s market presence. He has more than 20 years of experience working with tech giants such as Dell, EMC, Pure Storage, Cisco, as well as growth-stage startups such as IronPort, XtremIO and Zscaler.
Agentic AI is the latest buzzword in the Indian tech industry. Agentic AI refers to autonomous GenAI agents capable of doing complex tasks with little or no human supervision.
From Gupshup to Zomato and Infosys to Zoho Corporation, some of the biggest Indian tech companies are building AI agents to offer Agentic AI solutions tailored to the needs of their customers.
In India, Agentic AI is mainly being used in conversation bots. For instance, conversational AI platform Gupshup recently launched its library of 15 pre-built and customisable AI agents. It is providing its Agentic AI capabilities to startups like Lenskart and Cars24, as well as to companies like Kotak and Tata AIA in the financial sector.
Meanwhile, Zoho Corp has launched an AI-powered platform, Zia Agents, to bring autonomous agents into business workflows. It also introduced Zia Agent Studio, a no-code or low-code platform that helps businesses create autonomous agents designed to their needs.
Amid the ongoing Agentic AI frenzy, investors are also betting top dollars on startups offering Agentic AI solutions. Bengaluru-based agentic artificial intelligence (AI) startup Quash raised $635K (about INR 5.4 Cr) in its pre-seed funding round led by Arali Ventures in January.
