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Small Application Software Company Investment Opportunity in Raleigh, United States

Techstars backed, SaaS and AI-based safety system with 6 pilot customers seeking seed investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales USD 30 thousand
EBITDA Margin Nil
Industries Application Software
Locations  Raleigh
Local Time 2:47 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 250 thousand for 20.0% stake (Native Currency: USD 250,000)
Reason: - To reach USD 100,000 in MRR by May of 2023. - Scaling up AI team and hiring customer support engi... View More
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Business Overview

- Saas and AI-based platform to help report and detect any incidents in the retail and supply chain industry.

- Backed by Techstars. Part of the Techstars Industries of the Future Accelerator.

- The business has started recurring revenue since February.

- MVP was completed last year, product was launched in Dec 2021.

- Pilot customers in the US and India.

- Will generate revenue by charging a monthly fee to big companies and a yearly fee to SMEs.

- Will provide a month-long training to clients.

- The base price of the system is USD 5,000 per month per site but the actual price depends on the number of cameras, sensors, and other equipment added.

- Lean team with expert advisors in place.

- The business is registered in Delaware but has the headquarter in the Research Triangle Park (RTP) area / Raleigh - Durham, NC.

Products & Services Overview

- SaaS-based smart safety software for manufacturing companies with monthly pricing for enterprise customers and yearly pricing for SME customers.

- AI API can also be sold separately to customers interested.

- Partnerships with insurance companies and camera manufacturers.

Assets Overview

The business does not have any physical assets. The intangible assets include the SaaS platform.

Facilities Overview

The business currently operates from remote locations.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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