Jiva.ai
Overview
Executive Summary
Imagine a world where you don't even need to write a line of code to create your next AI solution. That is Jiva.ai - a “no-code” machine learning platform that makes all the complexity of building, testing and deploying AI solutions easy for everyone.
Jiva incorporated in 2019 and since raising equity funding has built an incredible team and technology - including two medical diagnostics that by themselves would be multi-million pound businesses. Jiva has already gained incredible traction in life sciences and healthcare where its customers and partners are creating everything from automation tools to life-saving decision support tools.
Whilst healthcare gives us a great opportunity to build on significant human benefits, Jiva also has good sight of expanding into other industry verticals including cybersecurity and fintech.
This “Seed+” funding round is about extending the team and outreach capability to launch a sales drive for the company and get to a £1M ARR by 2024Q2.
What do we do?
Simply put: Jiva helps businesses build their AI products. We put the power of AI in the hands of businesses by making it easy for them to create solutions without writing code.
Companies of all sizes spend $100Ks or even $Millions on data science and AI teams. Jiva is able of creating AI models in minutes, days or weeks. Not months or years. We’ve proven it. As more clients use Jiva, our own AI gets smarter at predicting what works for certain types of data, thereby reducing costs for our clients.
Jiva is a B2B SaaS business, in which our customers can buy Jiva capability as well as AI and data science consultancy (for a limited time only).
Investment Highlights
- Previously raised £1.5M (equity) as well as won >£400K in grants (SBRI, InnovateUK, Moondance Cancer Initiative).
- £970K+ in Saas sales pipeline. Revenue-generating with >£100K closed since beta release in April 2022.
- Active partnerships in some of the biggest names in life sciences including Roche Diagnostics and GE Healthcare.
- Core multimodal AI algorithms patented.
- Founders are experienced startup founders and one is an investor with multiple exits.
- Core team in place covering operations, finance, revenue, regulatory alignment and technology. A highly established board has been built with extensive entrepreneurial and investment experience alongside multiple successful exits.
- Hired a Chief Revenue Officer that scaled a previous tech business to $200M/year revenues.
- Two products (Prostate cancer diagnostics and liver disease diagnostics), each capable of creating a multimillion pound business, in discussion for IP licensing with a large distributor.
- Approved on Gcloud13 for direct sales to government.
- Acceptance on to multiple accelerators including DigitalHealth.London, enable scale across government, and GBIP India & Canada, which opens the door to international trade in those regions.
Vision
To make the creation of AI solutions so easy, that one only needs to describe it in natural language... and the machine creates the solution for you.
Problem and Solution
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Competitive Advantage
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Investment Offering
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Highlights & Milestones
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