Twelve Labs’ Post

AI start-ups generate money faster than past tech companies🚀 According to Financial Times: “The AI start-ups in the cohort took a median 11 months to hit $1mn in annualised revenue after their first sales on Stripe, compared with 15 months for the previous generation of SaaS companies, the data showed.” “AI start-ups that have scaled to more than $30mn in annualised revenue achieved the milestone in 20 months — five times faster than past SaaS companies.” “Goldman Sachs this month has raised concerns about the profitability of AI businesses given ‘the AI winners of today are no longer capital-light businesses’, referencing the significant costs required for computing infrastructure to run and train AI models.” Interesting data. Would love to see the full sample of AI companies though.. Join 28k+ thought leaders from VCs like a16z, Accel, Index, Sequoia, and more to get free data-driven insights like this via https://lnkd.in/dV62qJ5y

This chart explains how C-level of enterprise companies should think now about how to become a GenAI/AI-first company before a startup takes over your business.

The last 18 months have marked a transformative journey for Boonio, with invaluable support from Microsoft Founder’s Hub. Through Microsoft, we’ve accessed over $175k in their infrastructure resources and expertise in cloud and AI technology. This partnership has allowed us to leverage advanced AI tools that create solutions addressing critical, long-standing challenges in the professional services industry.  At Boonio, we’re tackling the issues that the late Harvard Business School professor Clayton Christensen highlighted in The Economist over a decade ago. Christensen argued that traditional consulting often struggles to deliver consistent, measurable value to clients and frequently falls short in accountability and strategic alignment. This is especially true in developing high-growth markets. These limitations have persisted, and today’s clients are increasingly looking for transparency, concrete outcomes, and solutions that genuinely adapt to their evolving needs. Our AI-powered platform directly addresses these needs. By applying AI’s capabilities for precise information retrieval, Boonio empowers our client firms to draft clear, actionable statements of work that align perfectly with their strategic goals. We’re setting a new standard in consulting procurement, ensuring that expectations are unambiguous and that consulting firms are accountable for delivering on promises. We believe this level of clarity and accountability will define the future of professional services. If you buy consulting services and want to see how Boonio can help, create an account on boonio.com and create an RFI or RFP. Using our AI assistant, you can issue a professional service RFP using service procurement best practices to the marketplace in just six clicks. We’re grateful for the ongoing support from Microsoft for Startups and excited to continue our mission to bring true value, transparency, and accountability to consulting. #Microsoft #AI #ClaytonChristensen #HarvardBusinessSchool #ConsultingInnovation #Boonio Microsoft for Startups HBS Club of the GCC Boonio

Thank you Amazon Web Services (AWS) and HubSpot for inviting me to speak at their Gen AI Summit this week! I joined Yamini Rangan and Steph Smith for a great conversation discussing the AI landscape and how HubSpot and Snowflake have embraced AI. It was a pleasure to share insights about AI adoption, data governance, and how startups can make an impact in the fast-paced AI era. It’s no surprise that AI is accelerating innovation, and it can be difficult for some startups to break through. Remember, you will stand out from the crowd if you can deliver value to customers. For all the startups out there: be curious and keep on innovating! 🚀 💡

AI start-ups generate money faster than past tech companies🚀 According to Financial Times: “The AI start-ups in the cohort took a median 11 months to hit $1mn in annualised revenue after their first sales on Stripe, compared with 15 months for the previous generation of SaaS companies, the data showed.” “AI start-ups that have scaled to more than $30mn in annualised revenue achieved the milestone in 20 months — five times faster than past SaaS companies.” “Goldman Sachs this month has raised concerns about the profitability of AI businesses given ‘the AI winners of today are no longer capital-light businesses’, referencing the significant costs required for computing infrastructure to run and train AI models.” Interesting data. Would love to see the full sample of AI companies though…

As the age of AI-driven search continues to usher in, Perplexity, the young startup building it entirely from scratch, is reaping the benefits. Today, the Aravind Srinivas-led company announced it has raised an additional $62.7M in funding in a round led by Y Combinator’s former head of AI Daniel Gross, doubling its valuation to over a billion. Just a few months ago, it raised $74M in a series B round. While it is not surprising to see an AI company become a unicorn these days, what’s interesting is Perplexity has done it in a little over a year and in a space where Google dominates: Search. It plans to double down on this work with global expansion, driven by new partnerships in Japan and Germany, and a new Enterprise Pro plan designed specifically for organizations looking to take advantage of AI-driven knowledge discovery in their workflows. In a blog post published today, Perplexity said multiple leading enterprises, including Zoom, HP and Databricks, are using the new B2B plan and saving hundreds of hours at work. What exactly does Perplexity have on offer? At a time when Google and Microsoft have enhanced their existing search products with AI models like Gemini and GPT-4, Perplexity is taking them on with an AI-native search experience built entirely from scratch.

The future belongs to AI startups...

Ever wondered how to turn a startup from Seed to IPO? Next Wednesday, we’re hosting an exclusive event at the HEC Alumni House, featuring none other than Bruno Aziza. He helped launch Alpine Data Labs (bought by Tibco), AppStream (bought by Symantec), SiSense (bought Periscope Data) & AtScale. He also was at Business Objects when they went for the IPO (after acquiring Acta & Crystal Reports, & before 𝗦𝗔𝗣 𝗯𝗼𝘂𝗴𝗵𝘁 𝘁𝗵𝗲𝗺 𝗳𝗼𝗿 $𝟳𝗕 (!)). Bruno’s track record is wild. He’s built and scaled companies like Alpine Data and AppStream, led AtScale’s growth, and grew Microsoft’s Data & BI business to $1B. At Google, as their Head of Data, he was a game-changer, driving their transformation into a top enterprise software player. As a partner at Alphabet’s independent VC fund, CapitalG, he played a major role in backing unicorns like Databricks , Dataiku , Stripe , and CrowdStrike. Now, he’s the Group VP of Data, BI & AI at IBM, shaping their global AI strategy. He’s been named the “Top Enterprise Software Voice” for 2024—so, it’s fair to say he knows a thing or two about scaling tech. Why should you care? This isn’t just another keynote. It’s an opportunity to hear firsthand from a serial scaler and data wizard who’s been at the heart of the biggest names in tech. Bruno will share unfiltered insights on scaling, leading, and winning in tech’s toughest arenas. 👉 Don’t miss out—seats are tight and filling up fast. Check the comments for the ticket link.

Don't miss your chance to join a leading panel of #VCs as they share best practices for building and pitching your #AI and data strategy to investors. Learn how to: ⚡️ Raise capital in a fiercely competitive market ⚡️ Build a well-defined data strategy to attract investors ⚡️ Leverage technical partnerships and integrations to grow your ecosystem ⚡️ Implement a tech stack with burn rate, scalability, and customer experience in mind https://okt.to/nCXpvF

🚀 Big news for Dateligens Systems! We’re thrilled to announce that we’ve just secured $150k in credits from Microsoft through the Microsoft for Startups program at Level 4. 🎉 This comes after an amazing year where we received $25k in credits from Microsoft and recently $25k in credits from Google. Now, with this major boost, we’ve officially crossed Level 4, solidifying Microsoft’s trust in Dateligens and our innovation. This milestone further validates the immense potential of our work in data security, actionable AI, and predictive monitoring, all powered by real-time, scalable, and parallel processing of AI and Big Data workloads. We’re excited about what’s ahead and ready to push boundaries even further. 🚀💡 #MicrosoftForStartups #GoogleForStartups #FoundersHub #Level4 #DataSecurity #DAP #PYM #RealTimeProcessing #ScalableProcessing #ParallelProcessing #AI #BigData #TrustTech #DeepTech