Photo - TipTags
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TipTags

Patented Map Based Messaging

USA, California
Market: Internet and IT, Logistics and warehouses, Insurance, Transport, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 06.12.2019
Min investment
$  150.000
Show contacts
Total required
$ 800.000
Rating
equalizer из 1000
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Idea

Create, preserve and share any kind of data on any kind of map with down to the doorway accuracy. Capture data that is presently lost and improve efficiency and customer service.

Current Status

We have four projects underway

System integration with GreenQ, and AI and senor based operations optimization system
Collaborative Disaster Planning System for NATO
Information verification system for Hybrid Warfare Analytical Group
Supply chain transparency system for the insurance industry

Market

$10 Billion to be spent Annually by 2025
on Field Service Management (FSM) and Transportation Management Systems (TMS)*

Problem or Opportunity

60% of Workers have Difficulty finding Information they NEED to perform in a New Job

Avg 28 Hrs/Month spent working ‘inefficiently’ and 6 Hrs/Week Duplicating efforts

4 Month GAP: Avg Training Time of a New Worker = 2.5 Mos
Avg Time to Learn a New Job = 6.5 Mos

Avg ANNUAL Cost of Knowledge Loss in a Large Company = $47 Million

Gartner Technology 2018 Report:
Average Cost of Network Downtime = $5,600 per Minute
- Up to $22,000 per Minute in Automotive Industry
- Up to $10,000 per Minute for Avg Manufacturing Company

$2.4 Trillion in Natural Disaster Insurance Claims over Past 10 Years and THOUSANDS of Lives Lost

Solution (product or service)

TipTags Enables…
Risk-mitigation thru operational transparency with a
Patented map-based messaging platform that allows
Multiple Key Stakeholders to
Create, Preserve & Share Mission-critical information with others
Reducing the High-cost of Knowledge Loss and
Enabling Real-time Responsiveness & Operational Efficiency

Competitors

Google and ESRI are the dominant GIS companies, and there is a very atomized market in this area with no dominant players. Our product is unique and is covered by multiple patents.

Advantages or differentiators

2 granted patents, unique offer.

Finance

We are an Enterprise SaaS company, selling on a subscription basis to companies.

Estimated ARR in year 5: $192M

Business model

Enterprise SaaS subscription model

Money will be spent on

Product development and marketing

Offer for investor

Convertible notes

Team or Management

Risks

Primarily execution. We are not reliant on hardware. We are taking advantage of market conditions, and a critical mass of smart mobile devices and high speed data networks powering high quality mapping systems.

Incubation/Acceleration programs accomplishment

We have just finished the Plug and Play Enterprise accelerator this week.

Invention/Patent

2 patents granted by the USPTO
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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