Tom Corr
๐ค SpeakerAppearances Over Time
Podcast Appearances
Look at it as almost like a franchise relationship, although it's not a franchise.
Yes, to an extent we are.
They will provide it to their end customers, be it the services, be it the software, be it the platform access.
They have the relationship with their end customers because they're existing companies with those relationships in place.
So we're providing support behind them to allow them to get into the AI business.
Everything from helping...
deal with issues like data lakes, collecting the data that the companies need in order to enable AI applications.
But more importantly, augmenting what these affiliates are providing to their customers now, a big proportion of that, which is SaaS, and augmenting it with AI capabilities so they can create a new revenue stream.
We've got 15 affiliates set up today.
They started in January.
We're adding them at a rate of one to two a week.
We are currently now working with them.
One of the big things we bring to the table is lead generation for them.
Our office in San Francisco, which handles our marketing force, is now starting to generate the leads.
We raised a pre-seed round of $2.5 million in order to fund our operations.
Well, yeah, we're located in Toronto, just to be clear.
We have an office in San Francisco.
But that's basically to fund our operating costs as we roll out this affiliate program.
As we go public and raise the funding that we need to do the acquisitions, of course, there'll be a lot larger rounds of financing involved because we will see the acquisition of the affiliates being done by our publicly traded shares and with the cash we raise from the rounds of financing we do as a publicly
Our plan is to go public in order to facilitate having the cash and the publicly traded shares through the acquisition of the affiliates, which we'll start to do later on this year.