Deep Tech · AI & Computer Vision
Wobot.ai
Wobot.ai transforms camera system data into insights for cost savings and revenue growth
- Founded
- 2017
- Misfits invested
- 2023
- Founders
- Adit Chhabra, Tapan Dixit, Tanay Dixit
- Co-investors
- Peak XV Partners, Titan Capital, Girish Mathrubootham, Fred Castellucci, Frontier Ventures
The company
A billion CCTV cameras worldwide are generating over 160 billion GBs of data daily.
However, majority of this data remains unused.
Wobot.ai helps businesses convert their camera data into useful insights which help them make smarter decisions.
It's No-code Video Intelligence Platform, enables enterprises in North America to use computer vision on their camera systems for Speed, Quality, Accuracy, productivity and more. Helping them save or generate $50,000 - $100,000 + per location per annum:
Increased Speed of Service: Impact : 1-3% increase in revenue.
Improves Order Accuracy: Impact : $15-20K per location
Improved Health & Safety: Impact : $12-18K per location
Reduces Loss Prevention (Fraud): Impact : 1–2% increase in revenue.
Improved Employee Productivity: Impact : $30-40K per employee
Why we invested
Drive-thru QSR is a large & growing market.
2/3rd of US food market is QSR.
Most QSR players now have 50-70% revenue from Drive-thru outlets.
Post-covid, people prefer to get food instead of having them on-premise. And delivery is expensive. Drive-thru outlets are now the most preferred way to buy food from QSR outlets.
Wobot is penetrating this space methodically through their partnership with OpenEye.
Innovative technology - Built from the world, from India!.
Wobot.ai offers a unique and innovative video intelligence platform that includes pre-built video analytics templates, a no-code automation approach, and novel AI technology.
These features make it a valuable tool for various industries, allowing them to improve efficiency, accuracy, safety, and productivity.
Wobot.ai is building an innovative global SaaS business from India!
Solid traction!
☀️ 25,000+ streams across multiple customers
☀️ $1 Mn current ARR and $1M+ net realised revenue
☀️ Committed revenue of ~$3M by Mar '24 (signed POs & Prepayments)
☀️ CM improved from 50% to 83% in last 12 months.
☀️ Presence in USA, India, Middle east & parts of Europe
☀️ 95%+ of revenue from the US market compared to 10%, two years ago.
☀️ 30%+ MoM Growth and 3X+ growth in MRR since FY’23.
Company facts as published by Misfits. Past investments are not a promise of future returns.
