Bengaluru, June 23 -- Agentic artificial intelligence startup Nurix AI expects to hit $10 million in annual recurring revenue (ARR) by the first half of next year, according to founder and chief executive Mukesh Bansal.

"In the last three quarters we've nearly doubled our revenue. October was our first revenue quarter," Bansal told Mint in an interview. He declined to disclose Nurix's current revenue.

The $10 million target marks an ambitious trajectory for Bansal's third venture. Unlike his earlier consumer-facing startups-Cultfit and Myntra, which Flipkart acquired for over $330 million in 2014-Nurix operates as a business-to-business enterprise AI platform.

"AI cannot just work out of the box. You need someone who can understand wha...