SaaS startup Amnic ups its game with new Agentic AI platform

Amnic, the software as a service (SaaS) startup co-founded by former Ola executives, has transitioned into an artificial intelligence (AI) entity with the introduction of an agentic AI platform, developed in partnership with Amazon Web Services (AWS).

Founded in 2021 by Ankit Bhati, Satya Narayanan Nagarajan, and Nimish Joshi, Amnic initially focused on providing technology solutions for cloud usage and cost analytics. With the introduction of Amnic AI, the company has lifted its game with its offerings.

Speaking to Enterprise Story, Sathya Narayanan Nagarajan , Co-founder & CTO, Amnic, said, “One can build dashboards to understand the cloud costs, but with agentic AI, it knows what exactly I need.”

He provided an example of how cloud usage and costs are differently perceived by a CFO and a CTO. A CFO largely requires both broad and granular data on the usage of cloud within an organisation, whereas the CTO will be more concerned about specific use cases, he said.

“Amnic AI is very context aware and can provide tailor-made reports based on the requirements,” Nagarajan said.

The agentic AI features of the new platform include capabilities like deep spend analysis, personalised reports, proactive detection of anomalies through root cause analysis, and auto generation of reports.

According to Nagarajan, given the hierarchical structure of an organisation, the agentic AI platform of Amnic simplifies the entire process, thereby enabling enterprises to save significant time on cost management and focus more on business outcome. He also claimed that the new platform drastically reduces the time taken to generate reports.

“Earlier it used to take 4-6 hours to generate the reports, but it has now come down to a few minutes,” he remarked.

In this journey of Amnic, AWS has been a steady partner, providing the technology infrastructure to scale the business. Kumara Raghavan, Head, Startups, AWS India and South Asia, said, such partnerships bring innumerable benefits for the startup community.

Startups can launch their operations without having to worry about managing technology infrastructure. Secondly, AWS provides an array of around 240 services for a startup like Amnic to choose from. Thirdly, there is enterprise grade level of security for the startups. Lastly, the marketplace of AWS gives access to a wide range of customers for the startups, which improves its discoverability and ability to distribute its products.

“Our partnership with AWS helps us access the markets of North America and Asia Pacific. It is easy to scale with the help of AWS,” said Nagarajan.

According to Raghavan, the go to market strategy of AWS is a very scalable mechanism where they constantly provide the platform for startups to get access to customers through various channels.

The agentic platform of Amnic is now at the beta stage, and it has received positive feedback in the early stages of deployment with certain customers. “Now, the finance people are directly accessing the data as our platform gives them a lot of bandwidth in saving time and resources,” said Nagarajan.