Disclosure certainty 4/5 debate potential 1/5

Query.ai prices sales in tiers of three analysts up to 15

Andrew Maloney · Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A · Feb 7, 2022 · at 15:40

Andrew Maloney, COO of Query.ai, explains the company's seat-based pricing structure to Nathan Latka.

0:00 / 0:18exact quote · 18.3s
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“Currently we try to keep the pricing model as simple as possible. It's all based on tiers and it's all based on number of analysts for our kind of direct sales go to market strategy. So it's like one to three analysts will be our first tier. And then the upsell would be additional analysts from that. So say four to six and then so on and so forth in buckets of three until you get to 15. And then it kind of goes enterprise custom”

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Insight
Modern security requires decentralized data access rather than central aggregation
“The real market problem that we saw and aligned to as we really started to kind of test and validate is the need to do this across decentralized platforms because no one again has all that data in one place, which kind of an obvious aha moment looking back as …”
Andrew Maloney Feb 7, 2022 ▶ 4:45 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai targets $15M in ARR by the end of 2023
“We'd like to be at, or as close to fifteen million in ARR by the end of 20, 23, as we can be, which would make us, you know, hyper growth kind of company.”
Andrew Maloney Feb 7, 2022 ▶ 8:36 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai aims to reach $200k average contract values per customer
“And I think realistically we can get into the 200 K range pretty easily on our average customer.”
Andrew Maloney Feb 7, 2022 ▶ 2:45 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Disclosure
Query.ai ASP is under $100k, forecasting $125k in 2022
“Our ASPs today are just under a hundred K. We're planning on growing those to a one 25 and our 20, 22 forecast plans.”
Andrew Maloney Feb 7, 2022 ▶ 2:39 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Assertion Not checkable as stated
Query.ai secured just under 10 enterprise customers by late 2021
“We have just under 10 customers today with a couple more. We hope to get done in the last couple of weeks, always down to crunch time in the year.”
Andrew Maloney Feb 7, 2022 ▶ 5:59 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai targets $4M in ARR by the end of 2022
“22 would be collectively about four million.”
Andrew Maloney Feb 7, 2022 ▶ 8:47 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
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