Lyzr AI, a startup that builds infrastructure for enterprise AI agents, closed a funding round led by Accenture Plc that quintupled its valuation to $250 million.
The New York-based upstart raised $14.5 million from a group of investors that also included Rocketship VC, it said in a statement Monday. The Series A+ round marks a five-fold valuation increase from October, it said.
Lyzr, founded in 2023, offers enterprises a way to build AI agents on their own infrastructure, allowing them to keep critical data and intellectual property within company boundaries and not send them to big cloud platforms. It’ll use the capital to expand in the Middle East, the UK and Australia.
“Organizations are increasingly uncomfortable handing their data and AI strategy to large platforms,” Siva Surendira, its founder and chief executive officer, said in a video interview. “Lyzr’s platform helps companies create, manage and govern fleets of AI agents.”
AI agents are systems that can reason, decide and carry out actions on behalf of humans, rather than simply generate text responses. Consultants at firms such as Deloitte LLP, KPMG LLP and Accenture have used Lyzr’s platform to build custom agent systems for clients.
Instead of relying on a single agent, Lyzr’s system deploys multiple agents that evaluate a prompt simultaneously and effectively vote on the best answer before it is returned to the user.
The approach has attracted interest from industries such as financial services, energy, health care, and insurance, where accuracy and auditability often matter more than conversational fluency.
With Accenture, for example, Lyzr has built a system designed for corporate venture capital teams. It automates tasks such as scouting startups, tracking research and evaluating potential investments across multiple parameters, work that traditionally consumes large amounts of analysts’ time.
Lyzr’s revenue has increased more than 300% in each of the past two quarters and it expects to reach profitability as early as April, Surendira said. His two co-founders and Lyzr’s engineering team — 110 of the startup’s total 130 employees — are in Bangalore.
