Question 1

Hi Nils, do you have an in-house development team, and when do you plan on bringing on a CTO? Second, what exit strategy are you most interested in? Thanks!

Accepted Answer

Hi Max, thanks for your questions and interest. Our dev team is currently work-for-hire (we own all code and IP). Our plan is to bring on a CTO as soon as we find the right candidate and then build out an internal dev team. Our product strategy is based on our research showing that nobody wants another app. Our plan is to fit into an employee's current workflow – whether they use Slack, Teams, Outlook, or Gmail to communicate and collaborate – with APIs. So, our exit strategy will be focused ...

Question 2

Thanks, Nils for the information. Could you also provide some clarity on traction? 1) Revenue growth rate, 2) Users/companies and growth rate, etc? Thanks

Accepted Answer

Hi Max. We are currently pre-revenue as of April 27, 2022. We plan to begin generating revenue within the next 60 days. We project 3,000 users by EOY 2022 from 5 companies. Based on $39/user per month, we project revenue to be approximately $1.4MM in 2022. However, our growth rate and revenue numbers at this time are future projections and not to be taken as concrete guidance. Thank you, Max! Nils

Question 3

This is a dynamic version of existing KM [knowledge management] software. Can you contrast the differences between those [obviously platforms vary significantly] and radar4.ai? Have you had current users of those platforms look at radar4.ai and provide feedback/eval, even if j...

Accepted Answer

Hi Brian, thank you for your question. Indeed we have had the opportunity to talk with dozens of current users of KM software at companies such as Medtronic, HSBC, SAP, and more. The issues they all run into are that knowledge bases are outdated and lack context related to their need. The employee ends up slogging through piles of articles and FAQs, spending hours hoping to find an answer that fits their question. And, when they do ask colleagues, they send out a mass email or post their ques...

Question 4

Hi Nils, You say that you have "Multiple patentable A.I. processes". How many patents have been submitted? How many have been granted? For those that have been granted, to whom are they assigned? Thanks. Blessings

Accepted Answer

Hello W Kim. Thank you for your questions. We're in the early stages of developing the structure and strategy of the IP with our patent attorney. Our plan is to submit for provisionals soon. When we have more definitive information I will be able to share additional details with you. Thank you. Please let me know if you have any additional questions. Nils

Question 5

Are you providing a discount for accredited investors?

Accepted Answer

We are certainly open to discussing terms for significant investments.

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