ABOUT THE COMPANY
The founding shareholder has strong business experience gained by developing a (separate) technology consulting business and has self-funded this business to date. They are co-located in a South Australian ‘incubator’ style environment that has provided excellent access to external resources to assist with business and technology development.
After 18 months of development, the core product is now in the has just launched with a handful of paying customers, including an ASX200 listed company.
There are 2 shareholders (founding CEO and CTO) with a supporting team of advisory personnel. Collectively, the team has 40+ years of data analytics, software engineering, consulting and algorithm experience.
They plan to achieve $500,000 in revenue in 2019 and $1m in 2020.
Current sales prospecting methods are manual, time intensive, well trodden and use blunt tools (CRM, Google, LinkedIn, Dunn & Bradstreet, etc.) This company’s AI solution takes existing date from the client’s CRM and feeds it into the AI solution, where it uses external data to identify quality prospects, finding patterns a human cannot. This process takes seconds.
Analysis to date (with client confirmation) is that significant savings (up to 3050%) are achievable including identification of highly matched targets and hidden prospects.
Within reason the AI solution is industry agnostic and is expected to function in any developed global market.