Selko Technologies
closedFinancials
Estimates*
EUR | 2018 |
---|---|
Revenues | <1m |
EBITDA | (<1m) |
% EBITDA margin | (275 %) |
Profit | (<1m) |
% profit margin | (300 %) |
R&D budget | <1m |
R&D % of revenue | 100 % |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- |
| N/A | - |
€200k | Seed | ||
€50.0k | Grant | ||
Total Funding | €250k |
Recent News about Selko Technologies
EditSelko.io is a forward-thinking startup that leverages artificial intelligence (AI) to streamline the process of searching and processing text data. The company operates in the AI and machine learning market, focusing on businesses that deal with large volumes of text data, such as documents, Excel sheets, and databases. Their primary clients include professionals in sales, tendering, and engineering sectors who often spend a significant amount of time searching for relevant information within these documents.
The core product, SelkoAI, is a ready-to-use, secure cloud platform that requires no installations. It is designed to be user-friendly and can be configured quickly by providing examples from previous project documents. This allows the AI to learn and understand the specific language and context used by the business, making it highly efficient in identifying and highlighting critical information. This reduces the time experts spend searching for information, enabling them to focus on more valuable tasks.
Selko.io's business model is based on a subscription service, where clients pay for access to the SelkoAI platform. The company offers a free trial to attract potential customers and demonstrate the platform's capabilities. Revenue is generated through these subscriptions, with different pricing tiers likely based on the number of users or the volume of data processed.
The platform's key features include the ability to teach the AI using examples from old projects, critical highlights on documents to save browsing time, and seamless integration with tools already used in the client's processes. This eliminates the need for manual copy-pasting and enhances productivity. Additionally, SelkoAI is touted to be 100 times faster to set up compared to traditional AI solutions, making it an attractive option for businesses with tight schedules and limited resources.
In summary, Selko.io offers a powerful AI-driven solution that helps businesses efficiently manage and process large volumes of text data, thereby saving time and improving productivity.
Keywords: AI, machine learning, text data, cloud platform, document processing, sales, tendering, engineering, productivity, subscription service.