The Ledger
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Sheikh: XIQ corporate customers pay an average of $7,000 monthly
“Yeah, on average about 7000 a month.”
Genpact is a paying xIQ customer running two platform instances
“We have a customer called Genpact. It's a big business process outsourcing and consulting firm. They have we are doing Two instances with them.”
Sheikh expects large enterprise accounts to average $250,000 annually
“We believe that, you know, per year on an average, some of our large enterprise customers can easily be quarter million or average quarter million dollars.”
Sheikh: Companies can set up xIQ in under 30 minutes
“Companies come in, they can set up in less than half hour and start getting the benefits of the product and the platform immediately.”
xIQ raised $1.125 million across seed and institutional funding rounds
“The seed round was about 125,000, and then subsequently we've raised another million dollars.”
Sheikh: XIQ has about 10 corporate customers
“So we have, as an, as corporate customers, we have about 10 corporate customers as of now.”
Sheikh: All XIQ corporate customer agreements are annual contracts
“These are all annual contracts.”
Sheikh: XIQ uses Apache Solr and IBM Watson for content processing
“We use Solar Apache as the technology to first help us index and do NLP, natural language processing, and then we use IBM Watson to further help us characterize and categorize that content.”
Sheikh: XIQ's team consists of sales, pre-sales, and mostly developers
“There is myself, there is a pre-sales person, there's two sales guys, and the rest of them are developers.”