Package.ai

“Well, well, at this point, you know, we're you know, the business has proven we were over a million dollars in ARR.”

“We don't deal right now with sourcing drivers. This is more managing kind of, they're basically kind of, we call it first party. So basically they manage their own.”

“Like this growth rate that we're showing, which is, you know, between two and three times three X, like year over year.”

“We've raised about a three million dollars to date. So no VCs, you know, more kind of friends and family and industry insiders.”

“So in 2017, we raised at it was I don't remember like, you know, exactly, but you know, somewhere between one and 1.5 million.”

“So the sweet spot is about 60,000 dollars a year. So that's kind of what we think of as a medium size customer. We have some smaller ones and we have a few larger ones. And generally as many other SaaS companies, we're kind of trending up in the account values…”

“Package AI is basically a combination of delivery management software and a conversational AI platform that basically transforms the last mile or delivery experience into a very customer centric experience.”

“And they are the largest shareholder outside of the founders basically, and you know, small investors.”

“So we have seven people in Israel and three in the US today.”

“Yeah, I think somewhere between five and 10.”

“In 2017, we raised a pre-seed round. It was around 700,000.”

“We've had zero churn today. So, you know, no customers left us.”

“There are, let's say somewhere between like around a thousand.”

“So we actually focus on a very specific vertical, which is home furnishings and appliance delivery. So we work with a bunch of you know, small, from the smaller to medium-sized and larger furniture and appliance retailers all across the U.S. And Canada.”