Wallaroo.AI 🦘

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.

The Basics

• Industry: Cloud Analytics, GenAI, and LLMs

• Headquarters: Brooklyn, NY

• Year founded: 2018

• Employee count: 5

• Investors: Microsoft Ventures (M12), Boldstart, Eniac, Ridgeline, Greycroft, Resolute 

• 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

• Fidelity Private Shares cap table platform is the all-in-one tool that will help founders prepare for their next round of funding.

• This platform gives founders access to seed stage capital, equity scenario modeling, and premier support to generate, execute & store legal documents.

• 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. 

Comps

• Octo: Backed by TRAngels.

• 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.

Event Board

• Industry Dinners

  • April Consumer Dinner (limited spots, apply here)

  • May Cloud Infrastructure Dinner (limited spots, apply here)

• 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

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