The Ledger
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Abujamra: OpenAI will not solve complex PDF table extraction soon
“I don't see open AI and these folks solving this problem so early because when you go into PDF tables, it, there's a lot of things that OCRs don't solve.”
Abujamra: Major intelligence platforms may consider acquiring Klooks at $5M–$10M revenue
“Maybe once we reach, like, five to ten million dollars in revenues, that might make sense, because our process is really unique.”
Abujamra: Klooks is the only firm investing in deep financial crawlers
“And we're the only ones that are investing heavily on, on crawlers too, too hard to find sources.”
Abujamra: Scaling to $100M requires international document extraction, not DaaS
“In our data as a service, I don't see that making the big difference that would change us from a million to a hundred million. Where I see that happening is, is on our service that turns PDFs into structured data. If we do that internationally, if we can find …”
Abujamra: Klooks will probably reach $1M in revenue in 2024
“We've had some interesting growth last year, kind of 50% growth, and this year we are probably reaching one million dollars in revenues.”
Abujamra: Klooks finished 2023 with around $800K in revenue
“It was kind of 800,000. Yeah, that was it.”
Abujamra: Klooks sold private Brazilian financial data to Bloomberg, Capital IQ, and Moody's
“Originally the data we would sell to other intelligence platforms. So we would sell to Bloomberg, to Capital IQ Moody's analytics. So these guys would get our data, which is like financial data of private Brazilian companies and just put on their products unde…”
Abujamra: Klooks is prioritizing direct data sales to banks over intelligence platforms
“After a while we started selling it to banks as well. So that's our rush right now to put our data directly into banks and not only in intelligence platforms. That, that's part of our priorities at the moment.”
Abujamra: Klooks has 50-60 direct and 500-600 indirect customers
“Oh, directly might be 50 or 60, and indirectly might be 506 hundred.”