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Powers: Physna will hit at least $5M ARR by end of 2019
“We should be at least at about five million recurring annual revenue at the end of 2019.”
Legacy 3D tech relies on 2D methods, lacking native 3D understanding
“We realized that nothing was actually built to understand three D from a three D perspective. Everything was just a two D technology like point cloud or whatever, trying to understand three D.”
Powers: Physna delivers a 15-to-1 ROI, saving $37,440 per user annually
“We saved the average customer 37,440 dollars per user per year that they're with us but the average cost per user is going to be 2500, so it's a 15 to one ratio of savings to cost.”
Powers: Pre-Physna tech failed to analyze 3D models natively
“We realized that nothing was actually built to understand three D from a three D perspective. Everything was just a two D technology like point cloud or whatever, trying to understand three D.”
Powers: Physna should reach at least $5M ARR by end of 2019
“We should be at least at about five million recurring annual revenue at the end of 2019.”
Powers: Physna costs $2,500 per user annually with 15-to-1 ROI
“But the average cost per user is gonna be 2500, so it's a 15 to one ratio of savings to cost.”
Powers: Less than one-third of Physna's 50 organizations are paying customers
“So the paying customers, there's rolling maybe a third or under a third of that.”
Powers: Physna will add 100 to 200 paying customers next year
“Yeah, so I would say that next year, our goal for next year is to add on probably about, I would think we'll get to maybe another hundred or 200 paying customers.”
Powers: Physna has not yet crossed $1M in cash collected ARR
“We have not broken. Broken it as far as it actually received in the bank.”
Physna raised its initial $2M as common stock from angel investors
“With the people being high net worth individuals who are investing, we've kind of chosen to kind of keep it simple and equity just seemed to be the simplest option. Just straight up common stock.”
Powers: Physna targets Series A raise around May
“So we've finished up everything that we would consider seed, this two million, and then now we're looking, probably doing a larger raise around May that'll be more of a series A type raise”
Powers: Physna has roughly 50 total organizations using its tool
“So I would say right now we're probably talking around if you add between the non-governmental and the governmental and the testers versus the actual customers rolling around 50.”
Powers: Under a third of Physna's user organizations are paying
“So the paying customers, there's rolling maybe a third or under a third of that.”
Powers: Physna expects to add 100 to 200 paying customers next year
“So I would say that next year, our goal for next year is to add on probably about, I would think we get to maybe another hundred or 200 paying customers.”
Powers: Physna raised its entire $2M seed round as common stock
“With the people being high net worth individuals who are investing, we've kind of chosen to kind of keep it simple and equity just seemed to be the simplest option. Just straight up common stock.”
Powers: Physna operates as autofill for 3D CAD design
“So FISNA is best thought of as like an auto fill for three design. So if you're in the process of designing something, FISNA will try to guess what you're designing and search throughout your database be it through CAD or PLM or whatever you use to see if you'…”
Powers: Physna acts as predictive autofill for 3D CAD design
“So FISNA is best thought of as like an auto fill for three design. So if you're in the process of designing something, FISNA will try to guess what you're designing and search throughout your database be it through CAD or PLM or whatever you use to see if you'…”
Powers: Physna has not surpassed $1M in cash-collected ARR
“We have not broken. Broken it as far as it actually received in the bank.”