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Package.ai claims it has experienced zero customer churn to date
“We've had zero churn today. So, you know, no customers left us.”
Package.ai's average customer contract value is roughly $60,000 per year
“So the sweet spot is about 60,000 dollars a year. So that's kind of what we think of as a medium size customer. We have some smaller ones and we have a few larger ones. And generally as many other SaaS companies, we're kind of trending up in the account values…”
Package.ai raised $3M from angels and insiders, avoiding traditional VCs
“We've raised about a three million dollars to date. So no VCs, you know, more kind of friends and family and industry insiders.”
Package.ai has surpassed $1 million in annual recurring revenue
“Well, well, at this point, you know, we're you know, the business has proven we were over a million dollars in ARR.”
Package.ai is growing its revenue 2x to 3x year-over-year
“Like this growth rate that we're showing, which is, you know, between two and three times three X, like year over year.”
Package.ai has roughly 1,000 delivery drivers using its platform
“There are, let's say somewhere between like around a thousand.”
Package.ai combines delivery management software with conversational AI
“Package AI is basically a combination of delivery management software and a conversational AI platform that basically transforms the last mile or delivery experience into a very customer centric experience.”
Package.ai targets home furnishings and appliance delivery in US and Canada
“So we actually focus on a very specific vertical, which is home furnishings and appliance delivery. So we work with a bunch of you know, small, from the smaller to medium-sized and larger furniture and appliance retailers all across the U.S. And Canada.”
Package.ai operates with a ten-person team across Israel and the US
“So we have seven people in Israel and three in the US today.”
Package.ai raised a $700,000 pre-seed round in 2017
“In 2017, we raised a pre-seed round. It was around 700,000.”
Package.ai raised its 2017 pre-seed at a $1M to $1.5M valuation
“So in 2017, we raised at it was I don't remember like, you know, exactly, but you know, somewhere between one and 1.5 million.”