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enaible Inc

AI-powered Productivity Platform

USA, Massachusetts
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 28.05.2020
Min investment
$  500.000
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Total required
$ 2.000.000
Rating
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Idea

enaible's AI-Powered Productivity Platform continuously helps enterprise companies maximize the hours worked in order to accomplish as much as possible, which is the ideal remote work solution. The enaible Productivity Score is the world’s first comprehensive, standardized productivity score. We use machine learning to make the invisible, visible and the hours worked, productive.

Companies turn to enaible to improve their margin and profitability, which results in profit for mankind. We help employees become the best they can be, then better.

Current Status

Having come out of stealth mode January 28, 2020, we have three customers and a $2.8M pipeline of Fortune 500 companies. v.1 is live and deployed. v.2 including the Remote Work score goes live in June.

Market

Our customer segment is enterprise customers in the service sector, specifically: financial services, professional services, retail, logistics and hospitality.

Problem or Opportunity

Pre-COVID 19, productivity was flat growing at .3% per year wasting 645M hours per day. Yet employees were working more than ever (8.8 hours per day) and burning out. Bad management costs the U.S. economy anywhere from $319B to $398B in lost productivity annually.

Now, with remote work as the "new" normal, it is here to stay, productivity is a concern of every CEO. We will work differently. More than ever, companies want to know how to make the hours they pay for, productive.

Solution (product or service)

With enaible's AI Productivity Platform, companies:
1. Gain visibility on how the time they pay for is spent
2. Eliminate wasted time and speed up execution
3. Expand their capacity and improve margins by doing more with less
4. Identify actionable focus areas to optimize employee output per hour worked

Competitors

Our primary competitor is Microsoft's productivity score, yet it fails to actually measure productivity. The narrower competitor set are remote work solutions. We most commonly and broadly compete against anyone that companies spend money with for productivity help: consultants, tech solutions and leadership development, which collectively totals $165B per year.

Advantages or differentiators

We are different because we focus on human productivity and were built by leadership and data science experts, working together.

Our advantage is enaible's Trigger-Task-Time™ algorithmic stack. It is the first to continuously and comprehensively measure productivity and generate live-time recommendations, which are prioritized and personalized.

What customers love is the visibility on productivity and using the enaible Productivity Score to be able to compare productivity across the company.

Finance

We are an AI as a Service business model. We charge an annual subscription fee per employee.

Money will be spent on

$1.0M – SCALE GROWTH
Invest in sales and customer success teams: 50%
Invest in targeted lead generation efforts: 25%
Expand our marketing: 25%

$750K - TECH AND PRODUCT
Invest in automatization of data collection: 50%
Strengthen Technology/Product Organization: 30%
Solidify the required tech architecture for scalability: 20%

$250K - AI LEADERSHIP LAB (R&D)
Evolve Leadership Recommender™: 60%
Strengthen AI Research Lab Team: 40%

Team or Management

Risks

Our biggest risk is not closing this round fast enough to sprint forwarding in gaining traction in this "new" normal. Remote work solutions and AI productivity tools are the hottest areas for enterprise companies in the post COVID-19 world.

Won the competition and other awards

In April enaible was named a Gartner Cool Vendor.
https://www.businesswire.com/news/home/20200514005508/en/enaible-Named-Cool-Vendor-Gartner-April-2020

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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