Pedro Alves

I trusted his advice and I said, okay, I'm going to start raising today, day one.

And he was pretty much right.

It fluctuated a lot because we kept cutting salaries in order to make it last.

So that first, you know, we didn't raise again until I want to say end of May or June.

So it lasted about six months.

So we raised a series a last year at the end of the year.

That was an $8 million a round.

It was just doing the math of, you know, how many people we need to build a product to the stage that we need to get the product to so that we are selling at a faster pace.

We're differentiated enough.

And then obviously trying to measure the runway of when do we think we can raise series B, right?

What's the right valuation for series B, how much air are we need and what we need to have with the product.

So it was just getting all these measurements of when we think we can raise B, how much money we need to get to that point.

And, you know, that's, that's the math.

So the idea is always to be in the 12 to 18 month range and then adjusting as you see, um, you know, as you see the burn, right.

As you see what's happening to your R and then having the, the pliability to adjust later, if you need to, to get a little more or, you know, cut costs, et cetera.

Um, for us,

it was the interesting conversation around when is the company ready for Series B and what are the measurements to get there?

Right now, because the space of machine learning and AI is so hot, some of the math is not the normal math.

Even for Silicon Valley with overinflated valuations, I think AI is its own beast right now.

So there's always the conversation of, do you assume that by the time you're going to raise B, the hype is still going to be there and those valuations are going to be like that?