*UKHotViewsExtra* Ignitho targets UK market with Agentic AI

Ignitho Technologies specialises in AI-driven data engineering services, in particular providing businesses with Agentic AI, backed by 3^rd party LLM’s, to boost productivity and reduce operational costs. The company is HQ’ed in Tampa, USA, despite its UK origins, yet is now starting to turn its focus towards the UK again, with Co-founder and Chief Commercial Officer Roney Soloman coming back on board to spearhead the effort. I recently caught up with Soloman to understand more about the business and how Agentic AI will be of benefit to current and prospective customers. 

Ignitho (a combination of ‘igniting & thought’) was founded back in 2016 by CEO Joseph Olassa and CCO Roney Soloman, who brought decades of experience at IT suppliers such as Mindtree, Accenture and NIIT. The initial guiding principle of the business was enabling organisations to be more innovative, inspired by the concept of ‘frugal innovation’, a concept initially promoted by the University of Cambridge. TechMarketView first began covering Ignitho and the 'frugal' concept back in 2018 (See Ignitho starts 'frugal' journey with Paycasso). The company found initial success working with organisations such as Sainsbury’s, Gatwick Airport and Arcus. In late 2018, the company pivoted to focusing on the US market, allowing it to scale and reach critical mass (See - 'Frugal' Ignitho ignites in the US).

The business has since shifted its focus to Agentic AI solutions, helping organisations exploit the vast amounts of data they are generating. You may have seen the term Agentic AI pop up a lot more in your news feed and conversations recently, it is quicky gaining traction as a means of describing systems that are designed to operate like human employees, performing a number of business tasks and processes largely autonomously, or with limited human intervention

With Soloman back on-board following c.6 years as European Head - Travel, Transport, Logistics & Hospitality at HCL Technologies, Ignitho is now turning its focus towards the UK again, with ambitious revenue goals to scale the business from $5m in revenue last year, to $25m in the next three years. As the market puts more focus around Agentic AI suppliers, Ignitho Technologies is a company to keep an eye on.

You can read more about the company’s plans for growth and broader investment strategy in UKHotViewsExtra: Ignitho targets UK market with Agentic AI. The article is available to all TechMarketView subscribers.

Posted by: Simon Baxter at 07:00

Tags: AgenticAI  

Add a comment