An Early Revenue AI SaaS based Deep Learning Startup is looking to raise funds.
BUSINESS BRIEF
An early entrant in EDGE AI - AI SAAS platform for edge devices, accelerating and porting deep learning models on edge devices, in a faster and cost-efficient manner.
Corporate and Transaction summary
- One of the early entrants in Edge enabled AI product/ SAAS platform, accelerating and porting deep learning models on edge devices, in a faster and cost-efficient manner.
- The company has a product in place, with a high potential of recurring revenues based on the SAAS model.
- Current revenues from pilot installations of the AI product and service revenues.
- Backed by a management team with deep expertise in the areas of AI and machine learning
- Robust pipeline of customers/ advanced stage discussions (POC done) with large enterprises for partnership
- Target industries in Semiconductor, Product Engineering, Medical devices, Automotive and Telecom (largely in North America and APAC regions)
- Revenues of c. USD 460K in FY 21, Estimated revenue of USD 800 K in FY 22 (5 active customers - AI services)
- Company looking to augment recurring revenues from product scale-up through a subscription model and looking to raise funds for the same
- The company is looking to raise USD 2-3 Million in funding to scale up the product and ramp up the sales and business development efforts in the North American markets
Proposal
Capital Requirement
INR 22.5 Cr
Funding Status
I do not have any investment commitment
Industry & Sub-Industry
Tech Infrastructure (1)
Artificial Intelligence, Deep-Tech, Machine learning
Technology/Product/Service Offering
AI SAAS platform for edge devices
StartUp Stage
Early Revenue
Business Segment Type
B2B
End use of fund (in %)
Financial Information |
2019 (in Cr) | 2020 (in Cr) | 2021 (in Cr) | 2022 (in Cr) |
---|---|---|---|---|
Sales |
N.D | INR 1 Cr | INR 3.2 Cr | INR 5 Cr |
EBITDA |
N.D | N.D | N.D | N.D |
PAT |
N.D | N.D | N.D | N.D |
TOTAL DEBT |
N.D | N.D | N.D | N.D |
Business Documents
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