2. “We provide “intelligent” connectivity
platform for enterprise and personal
devices - everything everywhere.
Never lose your car, your pet
or your toddler!”
3. Problem
In year 2014
• $7B lost in enterprise rental industry – theft, pilferage
• $4.5B lost in stolen cars
• 7.6 million pets lost.. Only 26% reunite with their owners
• 467k children reported missing
11. FUNDING & MILESTONES
Q4 2015 Q1 2016
UR
Acquisition
Q3 2016
Second product
with RelayRides
New
Management
Q1 2017
Series B
$5 Million
Series A
$5 Million
Q1 2018
Pursue OEM partnerships
with Cisco/Microsoft
12. NEXT STEPS ………
We are looking for 500K to start hiring Marketing and BD folks for engagement with United
Rentals, Hertz and other clients.
Editor's Notes
B2C market
Lost pets each year – 7.6 million pets are lost each year. Of those, only 26% get reunited with their owners.
Lost children/abductions – In 2014, there are 467K entries of missing children.
Stolen cars – In 2013, estimated 700k car thefts reported
B2B market
Rental equipments - $36 bn heavy equipment industry with 6% yoy growth
We take a smart sensor, put that in a equipment and integrate it with a cloud based platform. This will help us track the rental equipment smartly as well as enhance customer experience management - Tie this with the example of Relay Rides
Tie this with iConcierge.
Are we a wireless, S/W or an App company? We encompass all of these. We are end to end stack provider.
Sensors with aggregators in a SAS based cloud platform, that is enabled over a Android/iOS App visualization.
App based visualization iConcierge -> remotely check in with a mobile app -> get a temporary pass key which is a blue tooth key (resides in your app) -> this activates when you get closer to room -> lets you check in or prolong your stay -> integrates with the hotel CRM -> via cloud based SAS platform
IOT becoming mainstream, we are following the Metcalf's and Moore's law
---targeting the early adopters - B2B
---- Then as adoption is embraced, we will approach/diversify into B2C
Early Majority with B2B customers and add pragmatists as we IoT gains more mainstream adoption with B2C product launches.
Patrick's strength's:
- 10+ years of Silicon experience in the wifi, bluetooth space.
- 10+ years of Market development and product launches for Android, Blackberry & Microsoft handset providers.
- Alum of UC Berekely and Davis MBA