Marc Zionts

I had no money when I started the company.

Yeah.

So automated insights is a leader in natural language generation or NLG.

And essentially what NLG is, is that we take structured data as an input and we can create from that data, a story or a narrative or a report that sounds like it was written by a person, but we do that through software.

The business model for this is it is a subscription service.

So it's a enterprise SaaS software subscription in which our users with a basic subscription can create an unlimited number of use cases, have an unlimited number of users, and then they're picking how much production they want per month.

Basically, how many outputs?

If you want 500 stories, 5,000, we have customers that do over 20 million a month.

Is it based on stories or the word count per story?

Not word count.

It's based actually technically on an API hit, which equates to each output.

But we really don't care if that output's a sentence, a paragraph, or three pages.

It's all the same.

Oh, it's all the same in terms of cost structure and output for you?

Yeah, it is.

For most people, the kind of output that we create is anywhere from a couple sentences to a paragraph.

And at the most, typically, it's going to be a couple pages because that might be some sort of a report.

No, a basic subscription.

So we have an annual minimum of an annual contract.

So our most basic subscription is about twenty four thousand dollars a year.