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Altizon

also referred to as: altizon systems

13 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Aug 25, 2019 by Vinay Nathan · said 10 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (10)

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2019 10 mentions in 1 episode

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Everything said about Altizon, oldest first

Aug 25, 2019 neutral
Assertion Not checkable as stated
Nathan: Altizon generates approximately $150,000 in monthly recurring revenue
“So we are around that.”
Vinay Nathan Aug 25, 2019 ▶ 6:25 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 neutral
Assertion Not checkable as stated
Nathan: Nearly half of Altizon's enterprise clients have $1B+ revenue
“And about 13 out of the 30 are, you know, the large billion dollar plus kind of enterprises.”
Vinay Nathan Aug 25, 2019 ▶ 6:06 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 neutral
Assertion Not checkable as stated
Vinay Nathan: Altizon has 30+ paid enterprise accounts and 120 free users
“So we have about 30 plus enterprise multi-year accounts, and we have about a 120 or active enterprise users on the multi-tenant SaaS free version that we have.”
Vinay Nathan Aug 25, 2019 ▶ 5:45 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 bullish
Assertion Not checkable as stated
Nathan: Altizon sustains staggering 180% to 190% net revenue retention
“Oh yes, absolutely.”
Vinay Nathan Aug 25, 2019 ▶ 11:05 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 neutral
Disclosure
Vinay Nathan: Altizon has raised about $5 million total, closing Series A around 2017
“So we, we've raised about five million so far. We are a post Series A company. And we did that about two years ago.”
Vinay Nathan Aug 25, 2019 ▶ 4:37 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019
Assertion Not checkable as stated
Nathan: Altizon achieves CAC payback in six months
“Typically in six months.”
Vinay Nathan Aug 25, 2019 ▶ 12:22 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019
Disclosure
Nathan: Altizon's SaaS pricing ranges from $25k to $200k annually
“So the SAS tiering is based on this different these different models, and it varies anywhere from about 25,000 dollars per annum at the bottom line till about a hundred to 200 K depending on the scale of the implementation associated with it.”
Vinay Nathan Aug 25, 2019 ▶ 3:05 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 bullish
Assertion Not checkable as stated
Nathan: Altizon sees zero churn because connected industrial machines never leave
“Oh, churn is zero because in industrial assets, one of the good sides of this is while the growth may be linear, the actual machines, once you get a machine connected on the platform, it never goes away. So the first asset we got connected five years ago conti…”
Vinay Nathan Aug 25, 2019 ▶ 8:47 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019
Disclosure
Nathan: Altizon's average ACV over 18 months is roughly $50k-$60k
“Over the first 18 months or so, it would be, let's say, it would be at the middle.”
Vinay Nathan Aug 25, 2019 ▶ 4:03 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 positive
Assertion Not checkable as stated
Vinay Nathan: Altizon converts 60% to 70% of enterprise pilots
“And so the pilot to, you know, full-fledged project conversion ratio is around 60, 70%, depending on, you know, the nature of the pilot and all that.”
Vinay Nathan Aug 25, 2019 ▶ 9:14 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019
Assertion Not checkable as stated
Nathan: Altizon's CAC to land a $25k account is $8k-$10k
“So typically around eight to 10 K is the CAC for that first swipe.”
Vinay Nathan Aug 25, 2019 ▶ 12:11 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 positive
Assertion Not checkable as stated
Vinay Nathan: 60% of Altizon's growth comes from account expansion
“Almost 60% of our growth happens there now. So 60% is from the expanded model, and 40% is from new business that comes in across.”
Vinay Nathan Aug 25, 2019 ▶ 8:23 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
Aug 25, 2019 positive
Assertion Not checkable as stated
Altizon clients reliably add a second plant within 9-12 months post-pilot
“At least at the minimum, you can be assured that, you know, when somebody starts on the journey, they're going to add at least one more plant in the next two months after this is done. So three to six months for the pilot. And then under the, within the next n…”
Vinay Nathan Aug 25, 2019 ▶ 9:40 1492 Industrial IoT Platform Hits $150k MRR, 3x YoY growth
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