Photo - Gigalogy
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Gigalogy

We are building the future of E-Commerce

Japan
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 08.03.2023
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Idea

Our personalized product recommendation platform offers all you need to create stunning shopping experiences. Our goal is to recommend the right products, to the right person, at the right time.

Current Status

- 2022 Revenue 300K USD (ARR)
- Fully functional team in Japan, Bangladesh

Market

Enterprise Software AI market for SMEs by 2026
- $16.3 Billion (TAM), CAGR: 39%
- $2.33 Billion (SAM)
- $14 Million (SOM by 2026)

Initial Target Segment
- Fashion E-Commerce, Travel, Digital Marketing

Problem or Opportunity

58% of users see recommendations for products they don't want.
87% of companies aren't confident in their personalization capabilities.

1. There is a lack of attention to the user journey. Existing solutions or companies do not consider each step of the user journey.
2 Generally, personalization is done by processing data manually, and taking action after analyzing data. Lack of real-time automated actions affects the overall performance.
3. Developing an MVP AI solution is expensive & time-consuming. It takes 9 months to 1 year. Cost can vary from 200K ~ 1 million USD.

Solution (product or service)

We offer ready-to-use AI solutions for the success of your business.
- We provide 20+ ready-to-use templates, designed focusing on each step of the user journey.
- Our AIOps ecosystem is fully automated, no need to worry about developing software for the machine learning models, deploying them to the server, building the data pipeline, or training them.
- Build for developers: our developer-friendly APIs, SDKs make the AI integration process smooth and enjoyable.

Competitors

Existing Alternatives:

- Software Consultancy Companies: PKSHA Technology, BrainPad etc
- Cloud providers: AWS, GCP, Azure
- Platforms that help AI Engineers build solutions: DataRobot, H2O.ai, Dataiku

Advantages or differentiators

- Time to value: Gigalogy's fully managed ready to use AI solutions can generate value faster than any other alternatives
- Affordable: Our solutions are affordable so any SMEs can easily consider trying it out

Finance

By 2026:
Average Monthly Fee: $5K
Paying Customers: 200+
Annual Recurring Revenue: $14 Million

Business model

$3.5K~ monthly subscription fee: each solution comes with a monthly subscription fee. When multiple solutions are added to the same project only $500 is added for each solution.

0 set-up fee: We do not have any setup cost to start our solutions.
This helps our customers to onboard our platform easily.

Money will be spent on

New hires: 43.5%
Marketing: 24.2%
R&D: 15.7%
Product Development: 6.7%
Administration: 5%
Others: 5%

Offer for investor

9.4% Equity

Incubation/Acceleration programs accomplishment

In January, we participated in the JETRO Global Acceleration Hub in Silicon Valley. Follow the link to know more: https://www.jetro.go.jp/usa/jetro-japan-innovation-accelerator/global-acceleration-hub/silicon_valley.html
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Idea
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Finance
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