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Sarvesh Devi

๐Ÿ‘ค Speaker
96 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Edge Neural is started around like early 2020.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

We officially formed the company in late 2019, but we started in 2020 and that's when the COVID hit us.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

So we started probably like around one and a half year ago.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

The platform idea that we started developing was kind of got out of our previous experiences so far and it started a year back.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

We are two founders.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

So I am a CTO and he's looking into the business.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

So he's a COO or CBO, we could call it as.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

He looks after the business part of it and I'm looking after the technology piece of it.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Yeah, I mean, I think currently our customers are all reference-based.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

We are either getting it through our previous connections or our reference connections, the connections whom we got referring to, and that's how we are getting our customer.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

So we did bootstrap for first year, but this year we closed our first seed round in June 2021.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

I mean, right now, the amount we have kept it undisclosed.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Yeah, just recent.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Um, I mean, we would want to, uh, I mean, we have specifically, uh, made it undisclosed.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Uh, we would want, I mean, we have, uh, I mean, to be very honest, we, there is a small round, uh, just to launch a product, but now like under, like under a million service.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Yeah.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Correct.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

So, and then, uh, we are soon going to launch our next round, uh, within next four to six months.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

We plan to raise between 5 to 10 million dollars.

SaaS Interviews with CEOs, Startups, Founders
$100k Spent on MVP to Decentralize AI, 5 POC's, $500k Seed Raised

Basically, we would want to, what we are trying to build is a niche problem and complex AI problem.