KOGO launches AI agent store for enterprises

Bengaluru-based startup KOGO on Tuesday launched an artificial intelligent (AI) agent store offering advanced tools and plugins for enterprises, apart from permitting developers to showcase AI tools.

The store functions like an 'app store' for AI agents and tools, enabling businesses and developers to integrate AI into their workflows and products. This apart from democratising AI access aims, also aims to enhance efficiency and drive growth with minimal effort, the Bengaluru-based full-stack AI company said in a press statement.

The store offers hundreds of advanced AI agents that would enable businesses to adopt AI for their operations from the launch day itself, it added.

“The store opens the door to the future of business innovation in India and the world. With a diverse range of AI agents and ready-to-deploy tools, along with opportunities for developers to create custom AI agents, we empower businesses to enhance their operations, increase productivity, and drive growth,” KOGO co-founder and chief executive officer Raj K Gopalakrishnan said.

The store caters to various sectors, offering specialised agents and tools for industries such as travel, healthcare, finance, retail, and law. The key features of the store include readymade agent templates, easy deployment, seamless integration, deep analytics, and a pay-per-use model.

The store’s interface allows businesses to set up AI agents easily, it said, adding, that the store also enables exploring, comparing and implementing suitable AI solutions.

Additionally, the AI store also permits developers to create and customise AI agents, sell their tools and workflows on the platform. This would help in addressing unique business challenges, fostering a rich variety of solutions for businesses to find the perfect AI fit, the release added.

"As the demand for AI continues to grow, KOGO’s AI Store stands as a testament to our vision of a future where AI is seamlessly integrated into everyday business processes. We're committed to helping businesses realise the true human potential with AI and enabling work-life balance,” Praveer Kochhar, co-founder and chief product officer at KOGO said.

Earlier this year, MapmyIndia-backed Kogo said it aims to achieve an annual recurring revenue (ARR) of ₹20 crore by the year 2025. The company has secured $3 million in funding and has reported a revenue of ₹2.5 crore for the fiscal year 2023-24.

The AI agent market is expected to grow significantly over the next few years. The global market for AI agents is expected to generate $31 billion in revenue by the end of 2024, with a projected annual growth rate of 32%, according to market research firm Emergen Research.

Global companies such as Google, IBM, AWS, Microsoft, Oracle, Meta, and Salesforce, are in this space, followed by startups such as Kore.ai, FluidAI and KOGO, to name a few.