AI Agent Startup Raises $150M in Funding via AI Agent, 'Handling 130+ Investors'
Lyzr, an enterprise AI agent platform startup, raised $150M (approximately 150 billion won) using its own AI agent to demonstrate product efficacy. The AI handled investor outreach, pitch deck creation, and investor behavior analysis, significantly boosting fundraising efficiency. Bloomberg reports Lyzr utilized its AI agent 'SivaClaw' during its Series B round, securing $400M (approximately 60 billion won) in interest from Silicon Valley venture firms, Middle Eastern investors, and financial institutions. This case highlights AI agents' potential to automate business operations, with the AI addressing investor queries about product competitiveness, market positioning, and revenue models. Lyzr plans to open-source its agent technology developed by its engineering team in Bengaluru. While investors acknowledged AI's effectiveness in initial due diligence, they noted it hasn't yet revolutionized the entire process.