logo
Agentic AI startup Adopt AI raises $6 million in round led by Elevation Capital

Agentic AI startup Adopt AI raises $6 million in round led by Elevation Capital

Time of India13-05-2025

The next big trend in
artificial intelligence
(AI), after Generative AI (GenAI), is
agentic AI
, and Silicon Valley-based
Adopt AI
is riding that wave. The company's platform enables businesses to easily integrate intelligent agent capabilities into their applications, a process that would otherwise take months to build in-house.
Founded by Deepak Anchala, Rahul Bhattacharya and Anirudh Badam, Adopt AI is emerging from stealth with the announcement of a
seed funding
round of $6 million led by
Elevation Capital
. Other investors include Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and some angel investors.
Based in San Francisco and Bengaluru, the startup is primarily using the funding to strengthen its AI and engineering teams, build its technology and implement its go-to-market strategy.
"In the agentic AI world, applications are coming closer to humans with
natural language
," Anchala told ET. "Applications as they stand today will lose out to agentic AI companies unless they change. So we are building an agentic layer for them to turn any application into an agentic one, within 24 hours," he said.
One of the startup's offerings is Agent Builder, a
no-code builder
that helps companies build, launch and monitor the agent experience for their in-house application instantly by automatically learning it and generating actions.
Live Events
Companies can create these agentic layers themselves, but it takes over six months of engineering experience and significant investment. It is mainly targeting
software-as-a-service
(SaaS) companies and business-to-customer (B2C) firms that have complex workflows in sectors such as banking and healthcare.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
Big Tech players like Meta, Anthropic, and Microsoft are also investing in agentic AI. However, they are likely to focus on scaling the technology broadly, rather than going deep into specialised applications, Anchala said.
He added that the next evolution in agentic AI will require apps like Apple's Siri to interact directly with other apps to complete tasks for users. In the future, this means most apps will need to 'agentify' themselves to stay relevant.
The Adopt team has 16 members: five in the US and 11 in Bengaluru. The India team comprises full-stack engineers, product managers and designers, while the former has AI engineers.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

S&P 500, Nasdaq near record highs as interest rate-cut bets creep up
S&P 500, Nasdaq near record highs as interest rate-cut bets creep up

Business Standard

time19 minutes ago

  • Business Standard

S&P 500, Nasdaq near record highs as interest rate-cut bets creep up

The S&P 500 and Nasdaq were on track to open near record levels on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data. The benchmark S&P 500 and tech-led Nasdaq were about 1 per cent below their all-time peaks at Wednesday's close, following a truce in the Middle East conflict. The Nasdaq 100 - a subset of the Nasdaq composite index - closed at a record high in the previous session. Semiconductor makers got a lift from a 1.3 per cent rise in Micron Technology shares premarket after the company forecast quarterly revenue above estimates, citing strong demand for its chips used in AI data-centers. Shares of Marvell Technology and Advanced Micro Devices climbed 2.3 per cent and 2.6 per cent, respectively. Nvidia rose 1.3 per cent after scaling a fresh all-time high on Wednesday. Economic data was mixed. The final reading from the U.S. Commerce Department showed gross domestic product contracted 0.5 per cent in the first quarter. Economists polled by Reuters had forecast a 0.2 per cent contraction. "A 0.5 per cent contraction is worse-than-expected, but that really reflects how much imports overwhelmed exports in the first quarter, as businesses and consumers tried to get ahead of the tariff program," said Sam Stovall, chief investment strategist at CFRA Research. At 08:52 a.m. ET, Dow E-minis were up 100 points, or 0.23 per cent, S&P 500 E-minis were up 18.5 points, or 0.3 per cent. Nasdaq 100 E-minis were up 90 points, or 0.4 per cent Investors also weighed Federal Reserve Chair Jerome Powell's remarks during his two-day congressional testimony, where he reiterated a wait-and-see approach toward interest rate cuts. President Donald Trump intensified his attacks on Powell for not cutting rates sooner. On Wednesday, Trump said he had narrowed down his choice to three or four candidates to potentially replace the Fed chair. Traders are pricing in about 63 basis points worth of rate cuts by the end of 2025, with expectations for the first cut in September. On Friday, the Personal Consumption Expenditures report - the Fed's preferred gauge of inflation - will be scrutinized to ascertain tariff-induced price changes in the U.S. economy. Some of the central bank officials scheduled to speak later in the day include Fed Cleveland President Beth Hammack, Fed Board Governor Michael Barr and Fed Minneapolis President Neel Kashkari. Shares of sportswear company Nike edged up 0.6 per cent ahead of its quarterly results.

Former ISRO chief S Somanath joins Skyroot Aerospace as honorary chief technical advisor
Former ISRO chief S Somanath joins Skyroot Aerospace as honorary chief technical advisor

Time of India

time26 minutes ago

  • Time of India

Former ISRO chief S Somanath joins Skyroot Aerospace as honorary chief technical advisor

Academy Empower your mind, elevate your skills Former Indian Space Research Organisation ISRO ) chairman S Somanath , who spearheaded the Chandrayaan-3 lunar landing mission, was appointed honorary chief technical advisor at Hyderabad-based Skyroot Aerospace on a launch vehicle expert , will advise Skyroot as it prepares for the launch of its Vikram-1 launch vehicle. The 23-meter-tall rocket is India's first carbon-composite space launch vehicle and features a liquid-engine-powered Orbital Adjustment Module that will precisely manoeuvre in the vacuum for last-mile delivery of satellites. The upcoming launch builds on Skyroot's successful technology demonstration launch in 2022 with Vikram-S, India's first private rocket to reach space under the guidance of startup on Thursday also announced a key partnership with Axiom Space , which launched its fourth private mission to the ISS on June 25 that onboarded Group Captain Shubhanshu Houston-based company will explore utilising Skyroot's capabilities for research payloads, orbital data centre nodes, and other missions to Axiom Station and independently in LEO."Launching satellites to orbit—a feat accomplished by only a handful of companies globally—requires the coming together of the very best minds, especially as we attempt it for the very first time as a private space startup from India," said Pawan Kumar Chandana, cofounder of Skyroot former ISRO chief's new role is advisory and honorary, and the company clarified that it is non-exclusive. "With decades of experience in building multiple launch vehicles and leading some of India's most challenging space missions, his guidance will be invaluable as we gear up for the orbital launch of Vikram-1," Chandana his tenure as ISRO chairman (2022–2025), Somanath oversaw key missions such as Chandrayaan-3, Aditya-L1 (India's first solar observatory), the SSLV development, and the Reusable Launch Vehicle landing experiments.

CBI investigates banks for mule accounts used in cyber fraud
CBI investigates banks for mule accounts used in cyber fraud

Time of India

time38 minutes ago

  • Time of India

CBI investigates banks for mule accounts used in cyber fraud

Jaipur: Banks in Rajasthan and many other states are under scrutiny following a Central Bureau of Investigation (CBI) operation targeting mule bank accounts used to facilitate cyber fraud . As part of Operation Chakra-V, CBI carried out coordinated raids Thursday across 42 locations in five states—Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar Pradesh—to dismantle a network of cybercriminals who exploited bank accounts for digital scams, investment fraud, UPI-based frauds, and impersonation schemes. According to a CBI spokesperson, approximately 8.5 lakh mule accounts were opened across more than 700 bank branches nationwide. These accounts, often set up using forged documents or without proper Know-Your-Customer (KYC), Customer Due Diligence, or risk assessment, were used to siphon funds from unsuspecting victims. The investigation revealed that some bank managers bypassed Enhanced Due Diligence even when internal systems flagged suspicious transactions. Several banks failed to dispatch customer acknowledgement letters—an essential step in address verification—as mandated by the Reserve Bank of India. CBI has registered an FIR under sections covering criminal conspiracy, cheating, forgery, and use of forged documents along with charges of criminal misconduct under the Prevention of Corruption Act. The FIR names bank officials, agents, e-Mitras, aggregators, and middlemen as accused in facilitating opening of illicit accounts. During the searches, CBI teams seized digital data, mobile phones, account opening forms, transaction records, and KYC documentation. Nine individuals—comprising middlemen, agents, aggregators, account holders, and bank correspondents—were arrested for their roles in setting up and maintaining mule accounts used to launder cyber fraud proceeds.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store