Crux has proven to be a profitable model, reaching an annual recurring revenue of $240,000 in four months with a four-company customer base. The company plans to remain small, maxing out at around 20 people by the end of the year. However, with $2.6 million in capital recently raised from Emergent Ventures, Y Combinator, and several angel backers, Crux plans to expand "up-market" by focusing on acquiring new enterprise clients.
Key takeaways:
- Crux, co-founded by Himank Jain, Atharva Padhye and Prabhat Singh, creates AI models that answer questions about business data in plain language, similar to OpenAI’s ChatGPT.
- The platform converts schema, the structure of databases, into a “semantic layer” that AI models can understand and allows customers to customize question-answering models to their business intelligence needs.
- Crux's annual recurring revenue reached $240,000 in four months with a four-company customer base, according to Padhye.
- With $2.6 million in capital it recently raised from Emergent Ventures, Y Combinator and a number of angel backers, Crux plans to expand and focus on acquiring new enterprise clients.