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uTrigg

uTrigg

Ukraine, Kyiv city
Market: Logistics and warehouses, Medicine, Education, training, Artificial Intelligence, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 19.11.2018
Min investment
$  50.000
0
Total required
$ 500.000
Rating
equalizer 124 из 1000
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Idea

Gathering information ONline and OFFline activities to one dashboard, where more behavioural patters and cause-and-effect can came out with the help of ML.
Platform can be extended by additional plugins to solve specific problems of a clients businesses.

Current Status

1)
Currently we are finishing development of our MVP.
Also we have a partnerships formed that are interersted to spread our software in europian countries (about 10 different countries).

Firstly, we will enter the market with web-forms only, system core with users, permissions, billing functionality (December 2018).
March 2019 y. - launch IoT, work with tables (.csv, .xls).
May 2019 y. - launch Mob App, parsing.

2)
We already returned from Web Summit with plenty leads that are waiting for our launch in December.

Market

250 M+
Companies that registered and need for advanced data gathering and analytics
Total available market

50 M+
Companies that spend on data gathering and analytics
Total target market

1 M clients
Data management by uTrigg
Market share

Problem or Opportunity

Business needs to control processes every second, get alerts immediately locally and optimize costs in real time before it would be late.
Enterprises should know where can innovation take place, that must be based on a data.

Unfortunately, there is a huge gap for seeing the whole business «scene of battle», because information usually come from different sources and stored defragmented among various business departments or even persons.

Solution (product or service)

We developed our data managament platform to make everything more clear and transparent in business.

Gathered data from online/Mob sources & IoT devices into one dashboard, triggers for user`s wrong actions and detail permissions distribution.

Our platform helps to gather data via a range of sources:
1) online quizzes and social polls,
2) IoT devices and sensors,
3) parsing from external sources;
4) archieved documents can be stored online (.xls, .csv formats etc.);
5) Mobile App could gather offline data.
Gathering information ONline and OFFline activities to one dashboard, where more behavioural patters and cause-and-effect can came out with the help of ML.
Platform can be extended by additional plugins to solve specific problems of a clients businesses, no matter how hard it as, because we have PhDs and scientists in our team.

Competitors

Survey Monkey, TypeForm, Zoho (just in terms of our first source of data - web forms).

Advantages or differentiators

1. More convenient and specific oriented fields in web forms (like editor for chemistry, pharma etc.);
2. High-load system + core of platform based on permissions (on such a detail level as a field) + triggers for actions (emails, posts in social networks etc.).
3. Web forms – just a one source within our product. We are aimed to provide 5 sources and API for integrations;
4. Data Science under the hood (ML algorithms).
5. Сustom development of plugins for targeted business niches.
6. Moreover, first our followers will get all next functionality (4 future sources of gathering information) with a discount.

Finance

We`ll go with monetization as SaaS platform.
It's product for b2b segment.
Our prices will go from 25$+/per user (based on chosen functionality and "Pay as you go" model).
Our target audience will be SME and Enterprise.

1 mln clients - 25$+ per month - 3 bln+ $

Average revenue: 3K$+ (ACV, for SME);
30K$+ (ACV, for Enterprise)

Business model

1) We solve a need of gathering and analyzing data of all business processes and convert them into countable activities and KPIs.
2) TA - CEO`s of business segments:
Health care
Industry & Energy
Marketing research agencies
Transport & Logistics
Education sphere
Social organizations
3) Channels: web-site, mobile Apps, catalogies of SaaS, conferences participation, partners
4) Relationships: partners programme, custom modules development.
5) Revenue streams: SaaS platform, "Pay as you go" model.
6) Resources: programmers from our IT company, partners network.
7) Partners and suppliers: a range of agreements of cooperation.
8) Key activities: make a series MeetUps to present unique use cases with our product. visit Tech conferences and Meetups.

Money will be spent on

Marketing, sales and more sophisticated development (ML algorithms and BigData infrastructure for deep analysing).

Offer for investor

5% per 100K $

Team or Management

Risks

We woudn`t like to be misunderstand by our TA, because we are not only web-forms (online tests, quizzes formation) platform.

Nevertheless, our instrument and our team are very flexible.
If one segment wouldn`t be ready for innovation, we just started with another and than come back more mature and grasping minds of a segment just in a wail.

Incubation/Acceleration programs accomplishment

No. We haven`t participate in any Acceleration programs yet.

Won the competition and other awards

Our startup was chosen by TNW conference to participate in their startup programme in May, 2019.

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address