Hercules AI is a SaaS platform that allows businesses to create "AI Employees" or "Virtual Employees" on demand, automating any workflow from drafting complex reports to managing customer interactions, and much more.
Boston, MA, USA
One Liner
One Liner
Hercules AI is a SaaS platform that allows businesses to create "AI Employees" or "Virtual Employees" on demand, automating any workflow from drafting complex reports to managing customer interactions, and much more.
What Problem We are Solving
Problem
At Hercules AI, we are addressing the problem of repetitive, complex, and time-consuming tasks that largely consume the resources of employees operating in an enterprise setting. Tasks such as drafting exhaustive reports from multiple data sources, coordinating customer interactions, handling vendor relationships, and many more, can reduce overall productivity and efficiency.
Moreover, these tasks often require cognitive abilities, meaning they cannot be entirely automated with conventional solutions. Even though AI technology has significantly advanced, prevalent AI solutions fall short in successfully automating these tasks given their inability to reason, learn, and seek essential human approval for decision-making.
Our objective at Hercules AI is to liberate human potential from the confines of mundane tasks. We aim to enable them to focus on more strategic, creative, and value-adding tasks that significantly contribute to the growth and profitability of the organization.
About Us
About Us
Hercules AI is a software as a service (SaaS) platform dedicated to creating "AI Employees" or "Virtual Employees" for enterprises. These AI Employees function as advanced digital helpers, assisting with a myriad of tasks ranging from drafting complex reports to managing customer interactions and vendor relationships. Our platform's unique continual learning system allows these AI employees to evolve and gain independence over time, reducing the need for human input yet always maintaining an approval process from their human counterparts to ensure an efficient and safe work environment.
Currently, Hercules AI's product is in trial phase and free to use. But soon, a premium version with more advanced features, "Hercules Pro", will be launched to generate revenue for the company. Our current conservative forecasts project $1M ARR by the end of next year. Hercules AI was founded by 1x exit founder, an experienced AI/ML professional who has held senior positions at renowned companies such as Amazon, Adobe, Accenture, and DataRobot. Utilizing the state-of-the-art AI technologies, Hercules AI aims to revolutionize the workspace by aiding employees to focus on more strategic, creative, and impactful roles, thereby enhancing overall productivity.
Venture Highlights
Highlights
While Hercules AI is a relatively young company, we've made significant strides in our product development and user engagement. Some of our notable highlights include:
1. Successful completion of our platform's initial build, which is now fully operational and capable of creating sophisticated AI Employees that can undertake complex cognitive tasks.
2. Successful trial runs with early users from various industries, garnering extremely valuable feedback to enhance our platform and services.
3. Continuous improvements in the functionality and efficiency of our Virtual Employees, reaching near-perfect accuracy in task completion when working alongside human employees.
4. Our internal team structure has remained strong and engaged, as all of us are committed to the mission of Hercules AI.
5. Commendable advancements in addressing enterprise-grade privacy, compliance, and security issues, crafting a product that meets the stringent standards of enterprise usage.
6. Progress on the development of a premium version 'Hercules Pro', expected to launch in Q1, 2024, which will offer advanced features and pave the way for our first revenue streams.
We are looking forward to building on these achievements and continuing our mission to revolutionize the work process within enterprises by deploying our AI Employees.
Business Model
Business Model
Our business model revolves around our SaaS platform, "Hercules Pro". This platform allows enterprises to access advanced features such as creating an unlimited number of Virtual Employees, integrating with any application and database, and more.
We intend to charge for Hercules Pro based on several factors including the number of Virtual Employees deployed, the extent of their usage, and the overall size and needs of the respective business. This could range from $50,000 to over $500,000 annually, depending on their specific usage.
While our primary source of revenue is the premium version, we also plan to maintain a free version - Hercules Basic. This allows users to experience the potential value and benefits before making a commitment to the premium version. Ultimately, our revenue model balances attracting new users, retaining existing ones, and maximizing the value provided to businesses through our Virtual Employees.
As the majority of our costs are associated with initial development rather than ongoing variable expenses, our business model is highly scalable. As we onboard more customers, our fixed costs will get effectively distributed over a larger customer base leading to improved profit margins.
Competitive Advantage
Quote
Hercules AI is unique for two primary reasons.
Firstly, our platform allows businesses to create sophisticated “AI Employees” or “Virtual Employees” capable of undertaking complex cognitive tasks that are traditionally completed by humans. These AI Employees can automate processes, learn from feedback, and improve over time. However, they always seek approval from their human counterparts before making decisions, ensuring a safety net for businesses.
Secondly, we hold a significant technical moat, given our proprietary “Virtual Employee” framework. Our Virtual Employees can carry out any task using the applications, tools, and databases they are given access to, making them extremely versatile.
Since Hercules AI was one of the first companies to automate multiple cognitive workflows within enterprises with Reinforcement Learning, we possess a head start in comparison to potential entrants. We have opened the door to the enterprise early, and our Virtual Employees' superior training assures a higher task quality over any off-the-shelf solution provided by potential competitors.
Moreover, Hercules AI prioritizes security, privacy, and compliance throughout its operations, thus making it an attractive choice for enterprises. This commitment, combined with the continuous learning system of our Virtual Employees, provides us with a powerful competitive edge that we believe will carry us through to a future of unprecedented growth.
Revenue
Revenue To Date
N/A
MRR
N/A
Revenue YTD
N/A
Burn Rate
N/A
Users
Total Users
20
Total Users (Past 30 Days)
20
Daily Active Users
5
Monthly Active Users
20
Total Paying Users
N/A
MoM Growth Users
N/A
Organic Traffic %
N/A
Customer Costs
CAC
N/A
LTV
N/A
Churn
N/A
Margins
N/A
Go-To Market Strategy
Business Strategy
Our go-to-market strategy for Hercules AI consists of several channels:
1. Personal and Professional Networks: We've started by leveraging my extensive personal and professional networks gained through my past leadership roles in companies like Amazon, Adobe, DataRobot, and Accenture. Several of my contacts from these organizations have resulted in our initial trial runs.
2. Strategic Partnerships: We plan to establish networks with system integrators, allowing us to onboard more enterprises and expand our footprints faster.
3. Online Platforms: We're also tapping into professional platforms like LinkedIn Sales Navigator, to reach prospective clients within our target market.
4. Freemium Model: Our Hercules Basic version, provided free of charge, acts as a critical component of our strategy, allowing businesses to witness firsthand the benefits of our product, encouraging them to upgrade to Hercules Pro eventually.
5. Marketing Campaigns: As we progress, we also plan to employ various marketing campaigns to generate interest and bring in more users.
Success so far has predominantly been through our personal and professional networks, as well as the Freemium model strategy. These individuals and businesses got an early preview of the Hercules AI platform, and we have received positive feedback, confirming for us the market need for our product. We're excited about the potential of reaching a broad base of clients using our go-to-market strategies.
Here's why Hercules AI holds a competitive advantage:
1. Domain Focus: Our platform is designed specifically for enterprise use. In other words, we provide ready-to-use AI Employees that can tackle complex business tasks, while many competitors offer generic automation solutions that require substantial setup and customization. Our domain focus translates to a more streamlined and effective tool for businesses.
2. Virtual Employee Framework: Our primary technical advantage lies in our unique "Virtual Employee" framework. Our AI Employees can execute any given cognitive task using the applications, tools and databases they have been granted access to. They not only mimic human abilities in an enterprise setting but continually improve over time, thanks to reinforcement learning and feedback loops. This key feature puts us ahead of our competitors as it ensures superior task quality and relevance.
3. Security and Compliance: Hercules AI has been engineered with enterprise-level security, privacy, and compliance in mind. These are crucial factors for businesses considering automation solutions, and we've prioritized them from the outset.
4. Integration: An added edge of Hercules AI is its capability to seamlessly integrate with existing applications and databases within an organization. This ensures flawless automation and improves accuracy in task completion.
5. Continuous learning: Unlike other competitors, Hercules AI employees learn from their tasks, interactions and gradually improve with time, showing better performance and task quality.
In summary, Hercules AI offers an industry-focused, secure, and sophisticated solution that goes beyond simple automation to provide genuinely intelligent AI Employees. This, combined with our commitment to continuous learning, advancement, and compliance, gives us a significant competitive advantage over others in the field.
We are open to meeting up to grab a coffee, or just to chat.
We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!
Share
Capital
Name
Amount
Amount Raise To Date
N/A
Investment Type
N/A
Valuation
N/A
TAM SAM SOM
TAM
N/A
SAM
N/A
SOM
N/A
Business Stage
Business Stage
Paying Customers
Business Type
Business Types
Investor-Backed, Venture Capital Backed
Categories
SaaS
Future Tech
Enterprise
B2B
Technology
Think a friend might be interested in this?
Enter their email to share it with them!
An end-to-end solution to early stage ventures and the firms that support them.
