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Tavi Tamiste

๐Ÿ‘ค Speaker
111 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

And yeah, basically...

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

Inside London, outside London, in exhibition centers, trials are ongoing.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So we have a lot of traction that has sort of recently come up there.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

Not that much because the thing is that most of these are still in pilot phase.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So we're doing around half that, I think.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

No, we have raised two rounds.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So we raised our pre-seed round of 250k, I think in 2019.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

And we raised a seed round of 1.55 million euros December last year.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So basically that money went into mainly into research and development, getting the cost down of running the GPUs, running the machine learning models and the neural networks, testing out different verticals because we didn't start with commercial real estate.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

We started in various different ways when we saw a problem, but this is where we sort of ended up in our sweet spot.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

And then taking the UK market, that's been a big one as well.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So entering that market.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

That's a good question.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

I think a year ago we were launching our first version of the web application and we didn't have any paying customers.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

Well, it depends, basically, because we did have a very good idea.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

We did have an understanding of how the market worked and what the total market size would be in computer vision applications, how the consulting market would look like.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

We had a very good lead investor who helped us figure this out as well, to be honest.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So they helped us put together our valuation.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

So that's how it came together, basically.

SaaS Interviews with CEOs, Startups, Founders
Camera Analytics SaaS Hits $6k MRR, Raised $1.5m at $4m Valuation

Don't quote me on this because I don't remember by heart, but I think it was around 5 million.