UNLEASH ENTERPRISE PRODUCTIVITY AND PERFORMACE
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Karen Witt | Managing Director
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(406) 471-8088
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Overview
Quarrio is seeking $20 million to scale its proprietary AI software to additional enterprise customers
Management team has multiple exits and led the teams that created Apple’s Siri and IBM’s Watson AI
Company is revenue-generating and has a strategic relationship with Salesforce and its wholly owned subsidiary Heroku
AI expected to become a $1.6 trillion market by 2030
Opportunity
Each year companies lose an average of $109.4bn in the US in lost productivity because of employees struggling to make sense of data
Data literacy skills are in decline; only 25% of employees feel prepared to use data confidently; and 75% report feeling overwhelmed when faced with large data sets
We and others believe that generative A.I. based on large language models should not be used in enterprises and should be avoided in decision-making processes because it’s prone to systemic errors such as data fidelity, bias, and lack of output trustworthiness
Solution/Strategy
Quarrio provides answers to plain English queries typed into a Chat GPT- like interface, that are accurate1, explainable, verifiable, and secure
Quarrio A.I. combines symbolic, deterministic and probabilistic technology, and represents a breakthrough in accessing and generating actionable information for enterprise users
Relationship with Salesforce’s wholly-owned subsidiary Heroku facilitates introduction to their system integrators & client base
Management
Lead By Experience
KG Charles-Harris
Founder & CEO
Serial entrepreneur in genomics and big data. Three exits. Early pioneer of the big data and analytics markets.
Earl Sacerdoti
Chief Scientist
Director of AI at SRI. Led team that developed Apple Siri.
Beth Gilson
CFO
Beth is a veteran of Goldman, BAML, and consumer fintech Varo Bank.
Jim Cates
Chief Information Architect
Jim led team at IBM that created Watson AI. CIO and enterprise architect at Synopsys and Brocade.
Specific Risks
- Size risk: firm is dependent on actions of select individuals until capital raise can support additional staff
- Relationship risk: an impaired relationship with Salesforce would depress revenue growth rate
- Geopolitical risk: financial market upheaval and negative government attitude towards AI can affect adoption rate
- Legislative/regulatory risk: changes in the legal/regulatory landscape could have significant negative implications for the company
- Competitive/technology risk: many competitors, large and small, have entered in this space and could develop innovative technology that could surpass the company’s technology
- Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment.