The Company is a spin-out from the MIT. Its focus involves commercializing advanced artificial intelligence software to predict human behavior from big-data.
The Company licenses its technology to large strategic customers who desire to improve their value proposition to their customers by combining the Company's technology to their product or service offerings. Currently the Company has entered sub-license agreements with the U.S. government to assist them in gaining better understanding of other cultures. In addition the Company is in strategic discussions with prospective channel partners and acquirers, including a global HR and talent management professional services firm, an education technology Company, and a global advertising and media firm.
The four members of the Company's management team have over ninety years of collective experience in technology development and commercialization. They each have extensive backgrounds with leading companies and institutions, including Accenture, Intel, MIT, and the U.S. government.
The Company's current capitalization includes $592K from a combination of its founders and existing note holder. In addition, the Company received $860K of non-dilutive funding from the U.S. government. The Company is raising $1 million to fund its working capital and product development requirements.
2016 projected Revenues are around $10mn, with Net Income $4mn.