LlamaIndex • Jul 10, 2024

Case study: Lyzr: Taking autonomous AI agents to $1M+ ARR with LlamaIndex

Case Study

What is Lyzr?

Lyzr is a full-stack agent framework that specializes in building fully autonomous AI agents for enterprises. Their focus is on achieving Organizational General Intelligence (OGI) by harnessing agent data. Lyzr offers pre-built agents like Jazon, an AI sales development representative, and Skott, an AI content marketing agent, as well as a no-code builder for custom agent creation. Their platform enables organizations to build, deploy, and manage AI agents that can handle complex tasks and workflows autonomously.

How does LlamaIndex help?

LlamaIndex plays a crucial role in Lyzr's technology stack:

Context augmentation: LlamaIndex components supply essential context to Lyzr's agents, creating Retrieval-Augmented Generation (RAG) systems that enable them to perform focused and effective work.
Custom data access: LlamaIndex’s data connectors are the preferred way for Lyzr agents to access customer-specific information. LlamaIndex’s huge library of connectors means they can connect no matter where the customer stores their data.
Flexible retrieval: Lyzr uses LlamaIndex's customizable retrieval methods to optimize performance for different use cases. Lyzr’s AutoRAG system determines the optimal retrieval model, chunk size, and other parameters based on input data and use case and passes those to LlamaIndex.

What have the results been like?

The integration of LlamaIndex into Lyzr's framework has contributed to significant growth and improved performance:

1. Rapid revenue growth: Lyzr's annual recurring revenue jumped from around $100,000 to about $1.5 million in less than 60 days.

2. Enhanced agent accuracy: LlamaIndex's advanced capabilities and accurate RAG have led to highly accurate agents with very low error rates, providing a great alternative to OpenAI’s Assistant API.

3. Scalability: The flexibility provided by LlamaIndex has allowed Lyzr to sustain its growth and expand its agent offerings.

What do customers think?

Customer reception of Lyzr's LlamaIndex-powered agents has been overwhelmingly positive:

1. High adoption rate: 75% of Lyzr's customers use two or more AI agents including custom workflow agents, indicating strong adoption of Lyzr Agent Framework.

2. Customer Persona: Lyzr’s ‘fully autonomous’ AI agents seem to have captured customer’s imagination with SaaS CTOs being the primary adopter of Lyzr AI Agents to automate their backend workflows in a more reliable, secure and predictable manner.

3. Positive testimonials: Customers like SurePeople love Lyzr:

"SurePeople is delighted to announce our partnership with Lyzr.ai, a key player in fortifying the scalability, security, and future-readiness of our AI infrastructure. Thanks to their versatile Agents, we're empowered to operate at the forefront of innovation, underpinned by a robust framework that bolsters our AI applications. In an ever-evolving landscape of artificial intelligence, Lyzr.ai's Agents ensure we remain at the cutting edge. Additionally, our collaboration has been enriched by their exceptionally skilled and cooperative team." – Niko Drakoulis, CEO of SurePeople

What's next for Lyzr?

Lyzr has ambitious plans for the future, building on their success with LlamaIndex, including new agents such as Kathy, an AI competitor analyst, and Diane, an AI HR agent, with several others in the pipeline. They’re also developing a framework called Lyzr AgentMesh to enable interaction between these different AI agents, creating a cohesive AI-driven workforce.

“We are extremely thankful to Jerry and team for bringing LlamaIndex to the AI community. You guys have saved countless hours of tackling data retrieval challenges for us and many other builders in this space.” - Siva Surendira, Founder, Lyzr AI.

By continuing to use LlamaIndex as their RAG partner, Lyzr is well-positioned to expand its offerings and further establish itself as a leader in autonomous AI agent technology for enterprises.