Startup
Bengaluru-based AI company KOGO unveils its AI Agent Store
KOGO, a Bengaluru-based AI startup that predominantly creates ready-to-deploy and custom AI Agents for enterprises and SMEs, has launched its AI Agent Store.
The AI Store caters to diverse sectors, offering a wide array of specialised agents and tools that meet specific business needs. Per the company, its AI agents cater to several industries, including travel, healthcare, finance, retail, and law.
“Agents are multiple-step automation execution programs powered by AI. For instance if someone wishes to book an appointment at a salon or a table at a restaurant, this requires bookings, multi-step execution and conversation, either through voice or through chat. Those are agents,” Praveer Kochhar, Co-Founder and CPO, KOGO, tells YourStory.
“AI agents are the layer on top of language models that can plan, reason, use tools, interact, and autonomously complete specific tasks and goals. So, from automation to autonomy, that is the difference,” explains Raj K Gopalakrishnan, Co-Founder and CEO, KOGO.
Plugins, on the other hand, are small programs that can help enhance a product experience. If someone runs a social media or an ecommerce platform and wishes to moderate the comments on the platform, they can instantly pick a plugin and you can add it as a comment moderator, he explains.
These are all pre-built, “Take the API, integrate it and you’ve got a comment moderator,” he adds.
The tools on its platform are AI-powered solutions that other companies have built, such as Sarvam’s text-to-speech model, and Azure’s speech-to-text model. Customers can integrate them on their platforms. The startup has partnered with various companies for them.
“All the tools that are available globally that can enhance the experience using AI, we want to bring under one umbrella on one platform. So, these are the three things that you can do from the store,” says Kochhar.
The store will operate on a pay-as-you-go model, where customers only pay for the usage of the agents and tools, and can recharge the wallet at any time.
Bringing the idea to life
KOGO was founded by Gopalakrishnan and Kochhar in 2021 and operates on a B2B model.
Beginning with the travel industry, the team then expanded its offering across multiple verticals, such as automotive, BFSI, retail, ecommerce.
Explaining AI Agents, Gopalakrishnan says, “Language models are like the engine of a car. The seat, the tire, the steering wheel, the clutch—all of these are tools that enable somebody to talk to legacy applications. But when you combine all those tools and the language model along with the body of a vehicle, with a driver and an AI map to go from point A to point B, that is essentially what an agent is.”
Simplifying the process
The company believes in taking the complexity of AI out and making building an agent simpler. Various factors need to be taken into account while building an AI agent—LLM ops, model build, model management, hallucination, human in the loop, and knowledge graphs are just the tip of the iceberg.
KOGO is solving this issue. Its USP lies in its ability to integrate AI safely and quickly, with predictability, says Kochhar.
With it being a no-code, low-code platform—one that doesn’t require any coding is a platform as a service for enterprise clients. Additionally, with on-prem security, it makes data sharing safer.
Deploying AI agents also provides various insights such as sentiment analysis, satisfaction score, track usage, and error rates.
The startup provides ready-to-use templates that can be customised as per the users’ needs. And with the store, each client gets their personalised version of the store.
“There are two components to the product. One is what we call KOGO OS or the operating system. This operating system is really the base on which all the agents, tools and plugins run. So that’s where you build everything. And once it is built, it sits inside the KOGO AI Agent Store,” explains Gopalakrishnan.
“For mid-market, you can use it off KOGO.ai or the entire OS and the store sits inside the environment of an enterprise. So every enterprise has its own version of the KOGO OS and its own version of the store and the store has pre-built agents that they can use for their use cases or we build additional agents which are custom agents specifically for that business using the OS, and that also sits inside their store,” he adds.
Growth and future
KOGO plans to have over one million AI agents in the store by 2025, it plans to do so via collaborations.
Developers can use KOGO’s AI Agent Builder to create agents for their clients which would be present in the client’s version of the store. Or they can upload them to the store for the general public to access. The readily-available code for various use cases helps developers and speeds up the process significantly.
“We want more and more developers to come and build on KOGO OS… We want this to become one of the largest stores of AI solutions, agents, and whatever comes next in AI,” says Kochhar.
The team believes that accelerated AI adoption is a potential lead towards work-life balance and aims for four-day-work weeks from March 2025.
With a confirmed pipeline of more than $4 million, the company is eyeing an ARR of about $8.5 million.
In addition to Indian clients, the company sees traction for its products from the UAE, Saudi Arabia, North America, and is currently rolling out in Mexico.
Startup
Jack Dorsey-led Block’s Bitkey crypto wallet launches inheritance feature
Bitkey, the self-custody crypto wallet from Block Inc, founded by Jack Dorsey, has launched an inheritance feature on its platform to enhance control and privacy for its users.
The feature is set to roll out in December and launched widely in January 2025.
Bitkey hopes to disrupt the current landscape with the new offering that enables people who hold keys to their Bitcoin to have full control of their money. The company said that its inheritance ensures that the funds being held in a Bitkey wallet are transferred to a designated beneficiary after the passing of the owner.
“With this inheritance solution, we are offering customers a safe and simple way for them to pass their assets onto the next generation,” said Jason Karsh, Business Lead for Bitkey, in a statement. “Bitcoin is a multi-generational asset, and we think Bitkey should be multi-generational, too. We designed inheritance to be simple for beneficiaries to transfer, access, and manage their inheritance when the time comes.”
Bitkey’s inheritance feature will be initially clubbed with the purchase of Bitkey hardware devices. To set up the feature, the owner can invite a beneficiary through the Bitkey app. Once accepted, the inheritance plan will be created.
The company also added that to protect against any fraudulent claim, it has put in a six-month waiting period that must be completed before a beneficiary can access these funds.
Introduced by US-based Block, Bitkey is a self-custody Bitcoin wallet that can be accessed through a mobile app, a hardware device, and a set of recovery tools.
In 2023, the company entered the Indian market with Bitkey.
Startup
India’s digital public infrastructure finds many takers globally, says NISG CEO
The Digital Public Infrastructure (DPI) of India is now truly going global, as an increasing number of countries are seeking assistance to implement this technology platform to deliver various citizen services.
“There is a huge opportunity of taking it (DPI) globally,” said Rajiv Bansal, CEO, National Institute for Smart Government (NISG) during a panel discussion on the topic “Digital Public Infrastructure of India going Global” at the Bengaluru Tech Summit (BTS) 2024.
DPI in India has become the driving force for delivering services from both the government and private sector. These include the nationwide Aadhar identity and the unified payment interface (UPI) for financial services.
According to Bansal, NISG is engaged with several countries to come out with pilot projects or provide consultancy services on how they can implement DPI. Sri Lanka is undertaking a nationwide ID project, while other countries like Gambia, Myanmar, Belize and Fiji are keen to implement DPI to deliver several citizen services.
NISG is a not-for-profit organisation set up in 2003 by the Indian government, based on a public-private partnership model. It aims to assist governments in ushering in smart governance, process reforms and digitalisation.
Bansal said the DPI framework has achieved a certain level of maturity where it is based on fundamentals of open source technology, interoperability, subject to regulation and offering services for social welfare.
The greater interest for India’s DPI has largely come from developing countries who are looking at this platform for setting up a national identity setup similar to Aadhar. According to Bansal, developed economies are also interested in DPI but for other kinds of services.
However, Sharad Sharma, Founder – iSPIRT Foundation, was of the belief that the various functionalities from DPI till date in India are early iterations, and there is a vast scope to deliver numerous other services especially in the area of healthcare.
Startup
Deepinder Goyal clarifies Chief of Staff role is salaried, Rs 20 lakh condition a filter
Deepinder Goyal has clarified that Zomato does plan to pay the candidate selected for the Chief of Staff role, and the condition of paying Rs 20 lakh to initiative was merely a filter as the company has no plans to collect the amount.
In a post shared on X, the company’s co-founder and CEO also announced after closing the application deadline for his chief of staff opening.
This comes a day after Goyal put up the job posting on the social media platform. To make the offer not as lucrative, he announced that the role would not have any salary, at least for the first year. Not only this, the selected candidate would have had to contribute a sum of Rs 20 lakh to Zomato’s Feeding India initiative.
Any salary discussion would only happen from the second year, he said in the original post. During the first year, Zomato would also offer Rs 50 lakh to the charity selected by the candidate.
Zomato received more than 18,000 applications and closed the process at 2 pm earlier today.
The foodtech executive had claimed that the opportunity offers 10X more learning than a two-year degree from a top management school.
Goyal, in an earlier post, had highlighted that applicants came from a diverse mix of financial backgrounds, categorising them into those who have all the money, those who have some of the money, those who claim they don’t have the money, and those who genuinely don’t have the money.
It is unclear what the Chief of Staff’s duties will be as the job description is vague. The job would entail “anything and everything to build the future of Zomato (including Blinkit, District, Hyperpure and Feeding India),” the post read.
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