Setting the Scene
Businesses everywhere are looking to use AI to improve their workflows.
Yet, many businesses face challenges in implementing AI into their workflows effectively and affordably due to:
Operational Inefficiencies: Companies must integrate AI tools and models into existing workflows without disrupting business as usual.
Technical Complexities: Companies must ensure their algorithms are optimized for not just controlled tests but also the unpredictable and varied conditions of real-world environments.
This week’s company eliminates barriers to AI implementation, enabling businesses to scale and operationalize their AI models with ease.
In a Sentence
Wallaroo.AI is a software company that enables businesses to efficiently implement and improve AI in existing workflows to deliver results.
Software: A centralized AI hub enables businesses to effectively deploy, observe, analyze, and optimize AI models in their workflows.
Efficiently: Wallaroo.AI’s distributed computing enhances the speed at which data is analyzed, facilitating faster insights in any cloud or on-site (edge) location.
Bulleted Version: Similar to how Google Maps offers optimized routes and real-time traffic updates, Wallaroo.AI optimizes AI models and provides real-time insights.
The Basics
Industry: Cloud Analytics, GenAI, and LLMs
Headquarters: Brooklyn, NY
Year founded: 2018
Employee count: 5
Amount raised: $30M
Currently raising: $3M
Business model: B2B
Early Traction: Contracts with US Space Force, a $50B public real estate investment trust, a top marketing tech company, top real estate firm, and $30B life sciences company
IN PARTNERSHIP WITH
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As a valued member of the Bulletpitch community, we’d like to personally share a 20% discount for the product.
Plus, if you’re coming from another platform, Fidelity has offered up its top-tier team to help transfer all docs for a seamless transition.
Due Diligence
WHAT WE LIKE
Market Opportunity: With generative AI forecasted to be a $1.3T market by 2032, expenditure on deployment, management, and scaling of AI production is set to reach $60B by 2030.
Accessibility: By simplifying the process of deploying and managing AI models, Wallaroo.AI makes AI less costly, time-consuming, and more accessible for businesses of all sizes.
Industry Appeal: Wallaroo.AI's engagements span across diverse sectors, from defense and real estate to life sciences and marketing technology, showing its versatility and wide-ranging applicability.
POTENTIAL RISKS
Adaptability: Keeping pace with evolving advancements in AI and machine learning is critical to support the latest models and techniques.
Regulatory Compliance: Evolving data protection and privacy regulations may impose stringent requirements on AI deployments affecting Wallaroo's operational flexibility and increasing compliance costs.
Dependency on Key Contracts: While having high-profile clients is a strength, it also poses a risk if the company becomes overly reliant on a few major contracts for a substantial portion of its revenue.
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Founder Profile
Vid Jain, CEO: Ph.D. at UC Berkeley, author of three Internet patents, and previously worked in global algorithmic trading at Merrill Lynch.
To request an introduction to the founder, respond to this email.
Comps
BentoML: Backed by Bow Capital, Firestreak Ventures.
Fiddler: Backed by Lightspeed Venture Partners, Insight Partners, Bloomberg Beta, Alexa Fund.
Seldon: Backed by Techstars, AlbionVC, Global Brain Corporation.
Why Wallaro.AI: With the ability to simplify the process of deploying and managing AI models, Wallaroo is the optimal solution to accelerate the artificial intelligence boom.
Event Board
Industry Dinners
Upcoming Events (Interested in getting in front of thousands of founders and investors IRL? Work with us)
June NYTech Week Events TBA
Cast Your Vote
What do you think of Wallaroo.AI?
Last Week Today
The results are in: Cappella, an app using AI to translate baby cries and interpret their meaning, was slightly unfavored in last week’s poll.
Subscriber feedback: “While Cappella has the potential to provide relief to parents, they must find ways to overcome rapid customer churn, potential erroneous AI interpretations, and adoption barriers.”n