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Havish Gupta
Figuring Out • 1y
This startup made over $2 million just by spying at people! Let me explain. SO this is the story of Staqu, an AI startup founded by Atul Rai, Anurag Rastogi, and Pankaj Kumar in 2015. Their products use CCTV footage and with the help of AI, computer vision, ML, etc, provide an image-based search and analytics for businesses and security. JARVIS, their main product can be used to: 1. Detect the details of a vehicle or a human 2. Detect unused parking spots 3. Automatically measure the waiting time of customers 4. Detect whether a worker is wearing a helmet or not 5. And in many more ways Their other tools include: 1. Audio Analytics: A system that can detect sounds such as gunshots, glass breaking, fart and alert authorities about it. 2. Heatmaps and Footfall Analysis: These tools help businesses understand where people spend the most and least time and provide other important data. These tools are used by countless giants such as Tata, Adani, Starbucks, Indian Police and Government and the list goes on. Financials: - In FY23, they made $2 million in revenue and expect it to grow to $70-$80 million by 2028. - $8.59M valuation as of April 2022 - Also its founder, Atul Rai, has confirmed that its profitable What do You Think?
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