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25% revenue to come from Agentic AI: Tradence CEO
Financial Express Hyderabad
|April 05, 2025
AGENTIC AI is expected to contribute over 25% of Tredence's revenue by the end of this calendar year, up from less than 10% currently, Shub Bhowmick, CEO and co-founder of the enterprise AI company told FE.
"It's (revenue contribution from Agentic AI) relatively small, less than 10% of our revenue right now. But we anticipate this number will grow very quickly... I think it'll be 25% plus toward the end of this year," he said.
The company has secured funding from two prominent institutional investors, Advent International and Chicago Pacific Founders. Co-founded in 2013 by Sumit Mehra, Shashank Dubey, and Bhowmick, the company has received significant investments, including $30 million in 2020 and a substantial Series B funding of $175 million in 2022.
Tredence, which creates bespoke AI capabilities and solutions for enterprises, has seen a growing demand in generative and agentic AI applications across multiple industries.
Denne historien er fra April 05, 2025-utgaven av Financial Express Hyderabad.
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FLERE HISTORIER FRA Financial Express Hyderabad
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