Agentic AI Startup Composio Secures $24 Million in Series A Funding
- ByStartupStory | April 3, 2025
Agentic AI startup Composio has raised $24 million in its Series A funding round from investors including LightSpeed India, Elevation Capital, and Together Fund, according to sources cited by Moneycontrol. The funding marks a significant milestone in the growing trend of investor backing for AI-driven SaaS startups.
Founded in 2023 by IIT-Bombay graduates Soham Ganatra and Karan Vaidya, Composio focuses on simplifying complex enterprise workflows through AI-driven automation. The startup enables businesses to automate intricate workflows using AI agents capable of independently making decisions, executing tasks, and optimizing processes across different software systems.
AI-Powered Workflow Automation
Composio allows businesses to seamlessly integrate AI agents with various tools such as GitHub, Jira, Sendgrid, and PostHog in less than five minutes. The platform streamlines business operations by automating workflow management.
For example, a company receiving thousands of customer emails daily can leverage Composio’s AI agents to analyze emails, detect urgency, check past customer interactions for context, and either auto-reply with a solution or escalate the issue to the appropriate department.
By enhancing efficiency and reducing manual intervention, Composio is transforming how enterprises handle workflow automation.
Competitive Landscape and Past Investments
Composio faces competition from global AI-driven automation players such as Stack AI, Dify AI, and Deepset. The latest Series A funding follows a $4 million seed round in 2024, which was led by Together Fund and Elevation Capital.
Moneycontrol reports that Together Fund, Elevation Capital, and LightSpeed India did not respond to requests for comment, while Composio declined to comment on the funding.
Indian AI SaaS Market Growth
The funding round reflects a broader trend of increasing investor interest in AI-driven SaaS solutions. Several Indian startups have recently secured substantial investments, reinforcing confidence in the AI sector.
For instance, Whatfix, an Indian software adoption technology startup founded in 2014, raised $125 million in an investment round led by Warburg Pincus, with participation from SoftBank Group. The investment aims to enhance R&D capabilities, particularly in AI technology, and support geographic expansion.
A 2024 Bessemer Venture Partners report revealed that nearly 92% of Indian SaaS startups have integrated AI features into their products over the past year. This widespread adoption of AI technologies—such as machine learning and natural language processing—is significantly enhancing software capabilities, making them more intuitive and capable of automating complex tasks.
Future Outlook
Composio’s latest funding round is expected to accelerate its product development, expand its market reach, and further solidify its position in the AI-driven enterprise workflow automation segment. With AI adoption in the SaaS industry on the rise, Composio is well-positioned to become a key player in intelligent automation solutions for businesses worldwide.
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