Productbot AI

Continuous product discovery: automated from idea to code.
Austin

About Productbot AI

Productbot AI is a synth AI platform that helps product teams discover new opportunities in real-time, explore possible solutions, and instantly implement the ideas.

Our AI analyzes and synthesizes vast amounts of data, allowing users to access the right information from across their organization instantly. This saves time and helps product managers make informed decisions and build products faster without compromising quality. At Productbot AI, we understand the challenges faced by product teams, particularly regarding time constraints and the need for seamless workflow. That is why we have developed a comprehensive AI-powered platform to assist product teams in their daily tasks.

By leveraging the power of AI, Productbot AI empowers product managers to overcome their productivity challenges, enabling them to deliver high-quality products within tight deadlines. With our intelligent co-worker, product managers can streamline their workflow, make data-driven decisions, and stay ahead in the competitive market.

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Traction Metrics

Milestones

February 2024

Traction with existing customers: Closed 2 pilots with mid-sized companies

3 mid-sized customers didn’t buy V1 but are now negotiating purchase for Productbot’s version 2. Given the current trajectory and improved product direction, many of our V1 customers saw the latest development as a major improvement on the existing product and one that elicited a great productivity use case during user research. We re-engaged with 60 high-value targets out of 1200 companies who signed up last year and are now in varying stages of working them through our sales pipeline and into paying customers for V2. Given the current capability, our V2 now justifies a higher price point and is differentiated from other AI chat competitors.

January 2024

Kicked-off V2 Product Work

After interviewing 30 customers in our V1 product, we discovered a hole in our initial assumptions about how users wanted to access their data. After 50 user interviews, we adapted our platform to handle large-scale data inputs and refactor our RAG pipeline so that we could ingest larger data sets and analyze more information faster and with a higher degree of accuracy. We also began to build out our product design within the platform.

October 2023

Publicly Launched

Productbot Ai launched publicly on 10/18/23. We grew our users 30% upon the announcement. Our Q4 goal is to acquire 150 paying customers by 12/31/23.

To learn more about our launch, read our press release:

https://www.kxan.com/business/press-releases/ein-presswire/662703118/productbot-ai-announces-availability-of-privacy-focused-ai-platform-for-accelerating-software-development/

September 2023

First paying customers

We hit paydirt with our first paying customers only a week after launching our paid service. We have both a self-service and a high-touch sales motion. Currently, we have a projected $600K of ARR in the pipeline with direct sales opportunities.

August 2023

Launch Paid SaaS

After 3 months of running the beta, we determined our pricing and go to market strategy. We launched stripe payments to all of our active betas and will officially open to the public in October.

August 2023

Started SOC2 Type I Compliance

Engaged with a SOC2 vendor to start the SOC2 compliance process to service enterprise customers.

August 2023

Reached 80 Beta Users

Registered 80 beta users on platform and averaged 30 MAUs since beta launch.

August 2023

Productbot AI Beta V2 Launch

V2 launch of Productbot AI beta

August 2023

1000 Beta Waitlist Signups

Through various outbound sales, digital marketing, and social selling we crossed 1000 beta waitlist signups.

August 2023

Accepted into Capital Factory Accelerator

Admitted into the Capital Factory Accelerator and Portfolio.

May 2023

Productbot AI Beta V1 Launch

Launch V1 of our beta.

April 2023

500 Beta Waitlist Sign Ups

Through various outbound sales, digital marketing, and social selling we crossed 500 beta waitlist signups.

February 2023

Raised $125k

We raised $125K from 3 angels to start the product development and go to market.

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