Accenture invests in agentic AI infrastructure startup Lyzr
Accenture’s venture investment arm was part of the $8 million Series A funding round for Lyzr, a Jersey City, NJ-based provider of enterprise agentic AI infrastructure.
The funding round was led by Rocketship and also included GFT Ventures, Firstsource, Plug and Play Tech Center, BGV, Partnership Fund for New York City, and Arka.
Lyzr was founded in 2023 and has 77 employees listed on LinkedIn. The company’s Agent Studio platform allows enterprise users to build AI agents that integrate into existing workflows to automate tasks and provide insights. The platform also feature built-in guardrails to meet compliance and regulatory requirements.
Accenture’s investment and collaboration with Lyzr will focus on bringing agentic AI to the financial services and insurance industry. Accenture Ventures previously recognized Lyzr as the winner of its “Best GenAI Platform” award.
Accenture says Lyzr’s solution can help insurance firms automate customer support, claims processing, and policy renewals, and help banks auto-approve loans, streamline customer onboarding, and automate GRC audits.
“Agentic AI represents the next frontier in financial services firms’ efforts to adopt and scale AI,” said Kenneth Saldanha, global lead for Accenture’s insurance industry practice. “Lyzr’s platform lets companies create secure, explainable and compliant AI agents that can automate decisions across workflows, helping to modernize slow manual processes and enhance operational efficiency. Its responsible AI features enable agents to drive value while effectively navigating the complexities of heavily regulated industries."
Lyzr is also joining Accenture Ventures’ “Project Spotlight,” a vertical accelerator for data and AI firms. The program offers access to Accenture’s domain expertise and enterprise clients.
“Our goal is to help our clients overcome one of the biggest challenges in agentic AI: moving from experimentation to production and scaling,” said Siva Surendira, CEO, Lyzr. “This investment from Accenture Ventures will help us expand our resources and reach so that enterprise clients can build and add AI agents to their workforce reliably.”
