Private Equity

PE-VC Fund Investments

Agentic AI startup Composio raises $25-M led by Lightspeed Venture Partners

Economic Times  

Bengaluru- and San Francisco, CA (USA)-based agentic artificial intelligence (AI) startup Composio has raised USD 25 million in funding led by Lightspeed Venture Partners with participation from existing investors, Elevation Capital and Together Fund, in addition to angel investors, Gokul Rajaram, Rubrik cofounder Sohum Mazumdar, HubSpot founder Dharmesh Shah, and others.Composio simplifies complex enterprise workflows through AI-driven automation and has over 200 companies as paying customers. It is generating over USD 1 million in annualised recurring revenue. The startup plans to increase its team size from 25 currently to 40 by the end of this year. The company will use the new funds to expand its engineering and research team.

In Jul 2023, Composio had raised seed funding from Elevation Capital and Together Fund.