In a bold move to transform the landscape of industrial technology services, Humanize, a startup founded by former Tech Mahindra executive Jagdish Mitra, has introduced a GenAI-powered Software as a Service (SaaS) platform. Spearheaded with funding by NLB Services, Humanize aims to seamlessly integrate Artificial Intelligence (AI) with SaaS across various sectors, focusing notably on Banking, Financial Services, and Insurance (BFSI), retail, manufacturing, technology & media, and the automotive industry. Mitra envisions significant enhancements in efficiency and speed-to-market for enterprises through this innovative technology.
One of the defining features of Humanize’s platform is its focus on zero-touch design and customization, which is anticipated to reduce implementation times by 15 to 20%. This efficiency is achieved through the synergy between low-code/no-code solutions and AI, leading to a new era of agility and innovation. The platform has been designed to tackle the operational challenges prevalent in diverse industries by streamlining processes and accelerating deployment times. With AI at its core, Humanize aims to redefine how enterprises approach technology adoption and project execution.
Strategic Funding and Expansion Plans
The substantial financial backing from NLB Services is expected to play a key role in Humanize’s ambitious roadmap, which includes scaling their technology, investing in research and development, expanding their AI platform, and establishing Centers of Excellence (CoEs). This funding will also support workforce expansion, with an aim to grow the team to between 800 and 1,000 employees over the next five years. Humanize is setting its sights high, aiming to secure a customer base of 80 to 100 clients within that same period. The company’s initial market focus will be on India, the Middle East, and the United States, with future plans for geographic expansion into Southeast Asia, Germany, and the Nordic countries.
Such a strategic move aligns with the Indian Government’s Viksit Bharat Scheme, which is designed to foster technological advancements and digital transformation across various sectors. By implementing AI-driven solutions that minimize human intervention and reduce time-to-market, Humanize is poised to help industries within these regions achieve greater operational efficiencies and competitive advantages. NLB Services’ CEO, Sachin Alug, has emphasized the importance of accelerating AI implementation, predicting that Humanize’s approach will set new benchmarks for the industry.
Implications for the Future of SaaS and AI
In a bold move to revolutionize industrial tech services, Humanize, a startup founded by ex-Tech Mahindra executive Jagdish Mitra, has launched a GenAI-powered Software as a Service (SaaS) platform. Backed by funding from NLB Services, Humanize aims to seamlessly meld Artificial Intelligence (AI) with SaaS across various sectors, particularly in Banking, Financial Services, and Insurance (BFSI), retail, manufacturing, tech & media, and the automotive industry. Mitra envisions this groundbreaking technology to substantially boost efficiency and speed-to-market for businesses.
One standout feature of Humanize’s platform is its zero-touch design and customization, which aims to cut implementation times by 15 to 20%. This efficiency is made possible by blending low-code/no-code solutions with AI, ushering in an era of agility and innovation. The platform tackles the operational challenges in various industries by streamlining processes and speeding up deployment. With AI at its core, Humanize seeks to redefine how businesses approach tech adoption and project execution, offering a new standard for enterprise efficiency.
