We Build Bots
IntelAgent is a multi award winning 'digital assistant builder' used to automate services and processes.
- Voted best Public Sector Automation firm 2021
- Voted World's top 5 utility digital assistant platform 2021
- Major Financial Services, Utility, Government & Transport clients
- Year on Year Annual Recurring Revenue (ARR) growth *
Our multi award winning no code IntelAgent platform makes it easy for organisations of any size to rapidly build and launch AI powered digital assistants, in any language.
All organisations waste time/money on inefficient processes that could be automated. Inefficiencies take time away from serving customers, which costs UK businesses £37bn a year.
Our mission is to eradicate inefficient processes by placing AI powered digital assistants in the hands of all businesses.
We're deployed across the government, utilities, education, transport, financial, third and leisure sectors, and we believe that we have the potential to automate up to 60% of front and back office tasks.
We were recently voted 'Best public sector automation firm 2021' AND a 'Top 5 global utility chatbot platform 2021'.
Having recently hired an ex IBM'er as our Director of Product, and enlisted the SaaS growth services of an ex member of WeWork London’s founding management team, we believe that we're in a very strong position to scale globally.
Substantial accomplishments to date
We have won quite a few awards, and been accepted on to lots of accelerators throughout our journey. We have also picked up some global accreditations, global clients, and been listed on many of the UK Government's most recognised procurement frameworks. Here's a recap of what we've been up to:
£1.73m overall revenues generated*
Consistent Year on Year ARR growth*
Hired ex IBM 'master inventor' as Product Director
100% self serve sign up capability completed
Gartner Magic Quadrant NLP integration completed
DevOps work for infinite scaleability completed
StartUp of the Year Winner (Welsh Start Up Awards)
Technology Start Up of the Year (Sir Michael Moritz Award)
Tech Nation Rising Stars Winner
Best Public Sector Automation Firm 2021
Top 5 Global utility chat bot platform
Oracle Cloud Accelerator
Tech Nation Applied AI Accelerator
PwC Transport Scale Accelerator
8. Government Frameworks...
Lots done already! But this is WBB's breakout year. We have recently won two global clients, proving we have the scalability and sector agnostic capabilities to deliver on the biggest stage. With our growth strategies now embedded, we believe WBB is primed to grow rapidly in coming years.
We play in the B2B Enterprise SaaS space, with 90% of revenues coming from recurring product license fees.*
About 10% of our revenues come from professional service fees such as integration, support and training.*
Recent product work means we also have a low level entry product which is 100% self serve, and the revenues from this model are 100% license fee with no professional services or support fees.
There are significant upsell opportunities, and our typical enterprise licenses are 3 years in length. As yet we have had zero churn on our contracts of this length.
*based on unaudited management accounts
Use of proceeds
A breakdown of use of proceeds is below:
We have 2 big opportunities that will take some new product development for global organisations in the unified comms and utilities sectors. These developments were already in our roadmap but will need expediting to capitalise on these potentially huge opportunities - £50k
Direct sales and marketing for 12 months as we scale our SaaS sales across bottom, mid and top tier clients - £100k
Partner onboarding/ facilitation - £20k over 12 months
Quality Assurance/ Software Tester to ensure we scale with product stability - £50k p/a
Operational Expenses contribution (runway addition) - £80k
The company has the following outstanding loans:
£48,000 bounce back loan at an interest rate of 8% per annum. The loan was taken out on the 6th of May 2020 and is to be repaid on a 'pay as you grow' scheme.
The funds raised from this investment round will not be used to repay these loans.
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