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Charles Yeomans

๐Ÿ‘ค Speaker
135 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

We have committed investors who are saying that they will continue to support it.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

If we don't get out of our own way and really get some sales rolling, then we've got to look at all sorts of things.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Yes, that's absolutely right.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

So essentially, it's this, that we take a really old idea, which is the use of codebooks, and we combine that with some pretty fancy math that's MIT-level stuff.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

along with machine learning.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And what we do by doing that, we're able to take advantage of the fact that you see a lot of patterns in these little files that machines generate, IoT files.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

But we see instead of one, like compression does, we look in thousands.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And because of that, and because of our use of code books, we make a piece of software that is small, light, ultra fast, 400 times faster than compression.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And it will work on the tiniest little files, as you can imagine, like under 10 bytes.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And if you were to try to apply compression to that,

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

you would find it will make them bigger consequently because we're super fast and we reduce it on an average of 75 we get a an average of four times more bandwidth simply with software so we can take your existing network and quadruple its capacity interesting now what do people pay uh you on average per month to use the technology

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

It varies tremendously because the uses are so varied.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

If you were to talk about somebody using it, say, over satellites, they might be, if they're, for example, they were paying $10,000 a month, they might be paying us a couple thousand dollars.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

But they're also avoiding paying $40,000 that they would be paying if they didn't use our stuff.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

So it's a pretty good deal.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

But I mean, I got to tell you that the companies that are either using it or considering using it are extremely large.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

I mean, we're talking Fortune 100 size.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And they are talking about, in many cases, deploying it on a huge number of machines.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Yeah, it is.

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