Photo - rytfit.ai
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rytfit.ai

AI Powered Organization Intelligence Platform

USA, Virginia
Market: Internet and IT, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 19.10.2021
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Idea

Help businesses solve their human capital needs using AI

Current Status

First launch on 3/31/2021 and second one on 9/30/2021
Six customers are currently using and potentially be converted to premium version starting 2022
Discussing with few key portals for sourcing untapped talents
Blueprint for rytMeasure is in flight and will be ready for launch on Feb 2022.

Problem or Opportunity

Companies are going through Bad Hires, Lack of cultural fit, Offer Declines, Biased decision and Labor Shortages.

Solution (product or service)

rytfit.ai uses AI deep learning algorithm to generate any IT job descriptions predicting accurate skill, to parse the resume in any format and scrub the skill matrix, match the talent with the Job and provide the maturity model of the talent for a particular job, predicts the candidate's job acceptance probability and integrates with portals exclusively to source the untapped talents.

Finance

Estimating ARR $1 million by end of 2023

Business model

rytfit.ai has three revenue stream opportunities.
1) Starter Customers; i.e. small companies with standard hiring needs
2) Growth Customers; i.e. medium companies with scaled hiring needs
3) Enterprise Customers; i.e. large enterprise with Bulk & Premium hiring needs

Money will be spent on

Product Development, Marketing & Sales and Customer Success

Team or Management

Product Video

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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
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Product Video
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