Involve.ai

15 statements across 1 episodes · 7 bullish · 1 bearish · 1 people on the record · first statement Aug 25, 2023 by Gaurav "G" Bhattacharya · said 23 times in 3 episodes since 2022 · across every show →

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brought up most by Nathan Latka (15), Gaurav "G" Bhattacharya (6), Chris Marentis (2)

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Everything said about Involve.ai, oldest first

Aug 25, 2023 neutral
Assertion Not checkable as stated
Involve.ai was two weeks from insolvency with $16k in 2021
“Nathan was, you know, I had two weeks of running left. I had like, 16,000 dollars in the bank. I had nine people in the company.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 3:25 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 neutral
Assertion Not checkable as stated
Bhattacharya: Involve.ai competes with ChurnZero and Gainsight
“We would compete. You could say we compete with turn zero, like insight would be another one, right? The others as well.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 7:39 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 neutral
Assertion Not checkable as stated
Bhattacharya: Involve.ai has 70 paying customers
“Yeah, seven, 70 customers right now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 8:55 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 bullish
Prediction Didn’t hold up
Bhattacharya: Involve.ai can reach $20M ARR without raising more capital
“We don't think we would need to raise another round, at least in the near future to keep growing. And we feel we can get to ten million, even twenty million in ARR very quickly without even raising extra capital.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 17:01 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 negative
Insight
Bhattacharya: Early startups raising at $100M+ valuations struggle to justify them
“There's a lot of, you know, CEOs that I listened to that raised that really high valuations, a 102 103 104 105 hundred million in early, early days. And it's really hard now, right, with the markets where they are. It's really hard to live up to those valuatio…”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 14:17 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023
Disclosure
Bhattacharya: Involve.ai raised Series A at a $64M post-money valuation
“Yeah, it was 48, three, so 64, of course.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 13:49 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023
Disclosure
Bhattacharya: Sapphire Ventures led Involve.ai's $16M Series A in 2022
“We actually got a series A with Sapphire Ventures, so they led our series A in twenty-twenty-two, and we raised sixteen million in series A, and we haven't used a lot of that money.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 13:16 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 positive
Disclosure
Bhattacharya: 70% of Involve.ai's coding is generated by AI
“70% of our coding is now done with AI.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 16:03 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 neutral
Disclosure
Bhattacharya: Involve.ai operates with a team of 12 people
“Small team, they're 12 people right now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 12:41 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 neutral
Assertion Not checkable as stated
Bhattacharya: Involve.ai average contract value is around $52,000
“Mid-market motion average contract values are 52,000 dollars, I believe, right now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 9:03 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 positive
Assertion Not checkable as stated
Verizon paid Involve.ai $1.45M in 2021, saving it from bankruptcy
“They actually decided to pay us 1.45 million dollars because that was in their budget of what they were spending or looking for a platform that year in 20, 21, which gave us enough runway to survive.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 4:31 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 bullish
Prediction Not checkable as stated
Bhattacharya: Involve.ai targets roughly $5M ARR by end of 2023
“So this year we're launching another product. So we want to get to about five million by the end of the year.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 6:19 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 positive
Disclosure
Bhattacharya: Involve.ai retains over $10M of its $16M Series A
“75% of it, so ten million plus now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 17:17 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 bullish
Assertion Not checkable as stated
Bhattacharya: Involve.ai reached $2.2M ARR in June 2023
“So June, we are at 2.2 million now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 6:29 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Aug 25, 2023 bullish
Assertion Not checkable as stated
Bhattacharya: Involve.ai scaled from $0 to $1.5M ARR in 2022
“We went from zero to 1.5 million in ARR from 20, from when we started in 20, 22 to where we ended 20, 22 at.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 6:03 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
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