MeBeBot, Inc. — Posts

Thank you for your interest in the MeBeBot Investment opportunity, as MeBeBot is the most affordable, turn-key, AI SaaS solution for the workplace productivity for mid-market enterprise companies today.

To fuel our growth to almost $1M in 2023 ARR and to keep on a trajectory for $2.2M in 2024 ARR, we are extending our prior SAFE for an additional $500K in funding.

MeBeBot Investment Opportunity:

MeBeBot is powering the digital front door to drive employee productivity (using AI and automation) so that companies can do more with less, saving valuable time and money.

Our AI Digital Employee Experience (DEX) Platform and AI Chatbot automates answers to ALL employees’ FAQs, drives communications, and employee engagement. It is the most affordable, turn-key solution that is launched to employees in weeks for a quick time to value and a 200%+ ROI.

Company Highlights: 

• Customers:  
• Live with 12 enterprise/global customers, with over 24,000 paid subscriptions, with average time to launch at 6 weeks.
• Customers include IGT, Bumble, Epicor, e2open, Care.com, Ziff Davis (RetailMeNot, Spiceworks, IGN, and more), HireVue, Abrigo, CrowdStreet, Terminal, Massage Envy, and Toyota Insurance Management Solutions.
• Average deal size is $46,000 per year (average $3/pepm for AI Assistant and $12,000/year for AI Platform) 
• Expansion of renewals (159%), with multi-year contracts
• ICP= Companies with 500-10,000 employees (knowledge workers)
• Growth:  
• Grew revenues by 121% in 2021
• Expanded customers and grew revenue by 114% in 2022 to $550K ARR
• On target to reach $925K in ARR for 2023
• 100% customer retention, with 0 churn on all SaaS contracts
• Land & Expand: AI Intelligent Assistant for employee FAQs, expanded AI Platform and product features, including push messaging and pulse surveys, rich dashboard of people analytics data, and manager specific support. Incorporating Generative AI to automate FAQs for product and sales support.
• Technical Moat:  Native AI solution, with customer crowdsourced trained/domain-specific data model for 93% accuracy of answers upon initial deployment. SOC 2, Type II certified.
• First Mover Advantage: Affordable and Turn-Key: Competitive solutions are 4 to 10 times the cost, no implementation required, launches in days/weeks and no technical skills required to maintain. 
• Cost Effective:  MeBeBot fits the needs/budgets of mid-market and enterprise organizations. Customers realize a time to value in 2-3 months and 200%+ ROI.

Fundraising Needs: We are extending our SAFE round of funding, to raise an additional $500,000.

Use of funds:  

1. Reach $2.2 M in ARR by the end of 2024 by expanding our already-proven sales and marketing strategies (adding 3-4 SDRs and Sales Exec).
2. Further enhance our AI-driven model by adding generative AI capabilities (Azure’s OpenAI/ChatGPT), adding 3 engineering team members.
3. Grow average contract value by 25%, with adding Product Management/Customer Success team member for upsells.