Develop Software applications using human natural language instead of programming languages thereby increase the productivity and efficiency of software engineers by 2X times.
Current Status
So far, our Product progression is so good. We have refined our idea on multiple iterations, Identified solid MVP use case and finalized wireframes. Completed prototype, MVP due to release by Q3- 2021
Market
Tachyon is at the convergence of multiple market segments like
Low code development platform,
Natural Language Processing,
Machine Learning,
Computer vision
Cybersecurity and
Code quality.
It’s combined global market size is more than 200 billion USD by 2024
Problem or Opportunity
On one hand, technology has changing the face of many businesses today.
Technology has become an integral part of our life. So the demand for software is rapidly growing and will only keep growing in the future.
On the other hand, the current state of software development cannot cope with these growing needs. This is because,
1. During software development, often 80% of the time is spent on re-inventing the wheels and only 20% of time spent towards the innovation.
2. Sometimes best practises are ignored to get faster results which led to poor quality and high technical debt.
3. Most of the security measures are reactive in nature.
Hence the current state of software development is highly repetitive, time-consuming, error-prone and in-efficient. This must be disrupted to meet the growing needs in software development.
Solution (product or service)
Solution: A voice-driven software development platform to reduce software development life cycle effort and time by 50%.
Capabilities: Develop any software applications in a few hours. Develop any software applications in any programming language. Develop any software applications and deploy on any Cloud platform. Develop any software applications using Natural Language. Develop software applications using architecture diagrams. Develop any software applications using whiteboard diagrams. Add or remove any feature of the application on-demand. Provide a source-code of the application in your preferred choice of any programming languages.
Benefits: Increased Productivity Increased Agility Increased Quality Increased Traceability Increased Collaboration Increased Speed of Innovation Adherence to Standards Reduced Technical Debt Reduced development effort Reduced development time Reduced time-to-market Technology agnostics solutions Platform agnostics deployment Device agnostics application
Targeted End -users: Software Engineer Software Architect Security Architect DevOps Engineer Business Analyst Project Manager
Target Customer segments: System Integrators Digital Agency Technology companies Start-ups Companies looking for custom software application development
Competitors
Tachyon platform offerings can be comparable with the low code development platform
The low code platform, market players, focus only on the Development & Deployment stages of SDLC whereas Tachyon is focussing on all the stages of SDLC.
The current global market size of low code development platform is 10 billion USD and going to be 50 billion in 2024 in which 40% is from North America.
2. Native Voice support
The software developed on Tachyon platform will have voice support by default.
3. Founder's unique Software Engineering experience.
Over 16+ years of founders software engineering experience across the various domain in breadth and depth of the various tools, technologies and platforms.
4. Technology Agnostic solutions.
Applications can be developed on any programming languages, deployed on any cloud platforms and can be viewed on any devices.
5. Agile Architecture.
Tachyon platform is producing plugin and play architecture ( to be patented) which means any features can be added or removed on-demand which is called agile architecture, the most needed design at this juncture.
6. Focus on end-to-end software lifecycle.
Tachyon is focussed on a unified platform for complete software development life cycle unlike most of the competitors are focussed on only development and deployment.
7. Artificial Intelligence from the ground-up.
Since most of the Artificial Intelligence technologies got matured in the last 3-5 years, it is generally advantageous to any AI start-up compared to the legacy companies.
Finance
We have Financial forecast for the next 10 years
In a brief, USD 300 million in revenue forecasted within 5-7 years and
USD 1 billion in revenue forecasted within 8-10 years.
Business model
Tachyon generates income by 3 ways
1. Revenue from monthly subscription
2. Commissions earned through Partners sale
3. Charges collected through Professional services
An average sales value from smaller-size companies could be 6K per month
An average sales value from medium-sized companies could be 20K per month.
An average sales value from larger-sized companies could be 80K per month.
Money will be spent on
Research & Development expenses – Primary cost - 60%
Cost to attract & retain the talent – Primary cost
Infrastructure Cost – Primary cost
Operating cost including licensing cost. – Primary cost
Patent cost
Sales & Marketing cost
1. At the moment, it is completely self-funded, so getting the fund at the right time is very crucial
Incubation/Acceleration programs accomplishment
Attended one-day accelerator program conducted by Friendly Founders Lab in Palo Alto, San Francisco during August 2019.
Won the competition and other awards
In a short span, we have received 2 awards,
1. Awarded Start-up of the year 2019 in Asia Pacific region by Startcon conference Sydney, Australia.
2. The best organization for women empowerment by GISR Foundation, New Delhi, India.