Onyx's funding round also saw participation from Y Combinator, angel investors, and notable figures like Gokul Rajaram and Arash Ferdowsi. The startup's AI assistant can perform deep research across internal documents, offering recommendations for efficiency improvements. This positions Onyx as a leader in agent-based search technology, with no direct competitors offering the same level of comprehensive search and quality answers. The broader AI agent market includes startups like Decagon, 7ai, and HeyGen, which are also innovating in enterprise automation and customer service.
Key takeaways:
- AI startup Onyx raised $10 million in a seed round co-led by Khosla Ventures and First Round Capital, exceeding its initial target of $3 million.
- Onyx offers an open-source AI agent that connects to a company's tools and documents, allowing users to query and analyze data efficiently.
- The startup differentiates itself by using techniques to reduce hallucination rates and building LLM-based knowledge graphs, providing more accurate AI responses.
- Onyx's open-source nature allows enterprises to customize their AI agents and choose their preferred LLM provider, setting it apart from competitors like Glean.