Deal: AI/Autonomy Startup Recap

This week I’m sharing another private equity deal.

This US-based startup focuses on autonomy and AI software and hardware with revenue and customer traction in a large vertical.

I’m investing in this deal personally, so I wanted to share it with you.

Traction

• The company has sold 132 systems to customers in 15 nations

• Executed 31 customer contracts in 2022, a 160% growth over 2021

• $5.7M revenue in 2022. They plan to double again this year.

Terms

This is an interesting investing opportunity with the freezing of the venture capital markets.

It returns the company to the seed stage — a chance to be greedy when others are fearful.

Valuation is <2x revenue for this growing software-centric business.

Next Steps

Investor bite-size is $100k+ for angels or funds. Accredited investors or Qualified Purchasers only.

If you’re interested in learning more, reply to this email. I can get you in touch with the CEO to hear the pitch.

Thanks!

Michael

PS - sorry I’ve been quiet for a while on this newsletter. I’m still trying to figure out the format people will like most. In the meantime, happy new year! :-)

PPS - check out the new podcast I launched with Chris Bakke and Alex Cohen called The Outsiders (https://anchor.fm/techoutsiders)

PPPS - if you’re considering hiring remote employees in Latin America but don’t know how — check out our company Near (hirewithnear.com) that I co-founded.