Disclosure certainty 4/5 debate potential 1/5

Artial's team relocated to Georgia and Turkey due to the Russia situation

Igor Fali · Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones · May 14, 2022 · at 11:13

Igor Fali, founder of drone safety software company Artial, discusses his company's team size and distributed contractor structure with Nathan Latka.

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“Right now it's me, my co-founder a free person who work full-time, but they're not an official in the state because we are not, I'm not trying to relocate them here because of the situation in Russia right now, some people in Georgia, some people in Turkey, but they're working full-time.”

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More from Igor Fali

Disclosure
Artial focuses on civilian drone safety, avoiding defense applications
“No, no, no. It's for the companies who want to make their drones a stability flight. So they are applying it for different use cases in cities. So it's mostly for the people who want to make a Drone is safer, more drone safer technology and fly accurately with…”
Igor Fali May 14, 2022 ▶ 2:47 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
Disclosure
Artial secured a US drone manufacturer customer four months after launch
“We're only four months old. We'll just establish incorporating in, in December. And we have a prominent drone manufacturer. I was from United States. And they have a really good, like a company and building the helicopters for automation. And they're like, oka…”
Igor Fali May 14, 2022 ▶ 5:18 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
Disclosure
Artial's initial software pilot targets a fleet of 20 to 25 drones
“Right now we're focusing on 20 to 25 drones, depending on the need.”
Igor Fali May 14, 2022 ▶ 7:05 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
Disclosure
Artial raised €500k from a single pre-seed investor
“And he invested in us like 500,000 euros. And this is the only our pre-seed investor right now.”
Igor Fali May 14, 2022 ▶ 7:42 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
Disclosure
Artial priced its pre-seed round at slightly under a $5M valuation
“No, slightly less than five million.”
Igor Fali May 14, 2022 ▶ 10:19 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
Prediction Not checkable as stated
Artial projects at least €100k in revenue by the end of 2022
“Well, at least we'll, well, maybe have at least, I don't know, a 100,000 years for sure.”
Igor Fali May 14, 2022 ▶ 13:33 Drone Safety Software Raises at $4m Valuation, Lands first $100k Pilot for 25 Drones
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