The Ledger
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Artivatic has experienced zero customer churn to date
“Basically, wherever you work with any businesses right now, we haven't lost any business as of now.”
Artivatic acquires 100% of customers via referrals and inbounds
“So all these customers that we are getting is completely coming by the referrals or inbounds. And our only cost for that is acquisition costs only for travel costs. That is also zero right now because of COVID.”
Singh: Artivatic's average customer pays around $20,000 per month
“As of now, we have seen an average customer who's paying to us is around 20,000 dollars.”
Artivatic reaches $1M in contracted book value
“So book value is about a million dollar, but the license is less actually.”
Layak Singh personally lost $500,000 investing in his previous startup
“No, in last company, I basically invested my own half million dollars as well. I lost everything.”
Artivatic.ai Has Raised Approximately $1 Million in Funding
“I raised about a million dollar kind of funding after that.”
Artivatic is closing a $500k bridge round
“Currently due diligence is going on. So we have signed up the documents and papers due diligence is going on.”
Artivatic covers full lifecycle infrastructure for life, health, and general insurance
“So automatic is now is completely a full stack or infrastructure platform for insurance. It takes care of the entire life cycle of the insurance in life insurance, health insurance, general insurance as well.”
Artivatic offers over 100 modular APIs on its insurtech platform
“We have a hundred plus APIs in this platform.”