Source
WeSoar
HR

WeSoar is a conversational AI platform for performance management and employee engagement, sold per user per month.

wesoar.ai · Founded 2020 · 25 public sources · Updated 2 days ago

Researched profile. Starter Story's AI research system compiled this page from 25 public sources — the founder didn't write it. Automated research can misread or misattribute a source, so treat figures as best-effort. How this works →

How WeSoar Makes Money

WeSoar is an AI platform for employee performance and engagement.

How did WeSoar monetize?

Summary of the sourced claims below

WeSoar monetized through SaaS recurring subscriptions, priced per user per month, alongside consulting services revenue. In June 2023 it reported about $21,000 per month from SaaS subscriptions and $2,000 to $3,000 per month from consulting. Earlier, consulting services were a larger share of revenue, at about $14,000 per month versus $1,000 per month from SaaS subscriptions in 2022.

Revenue sources

3 sources · grouped by how WeSoar makes money
  • Recurring subscriptions

    · 8 mentions · 8 sources
    “Nasheed, the CEO of WeSoar.ai, uses AI to scale content creation for his HR Tech SaaS. He replaced junior marketing roles with AI tools to write blog posts and information security policies, allowing his small team of seven to do the work of 25 people and grow from $1k to $23k in MRR over 12 months.”
    high
    Show 7 more quotes
    “WeSoar CEO Nisheeth Pathak reported a $180K annual run rate in May 2022, with 11 paying customers and a team of 11 across a partner-led enterprise sales ...”
    medium
    “$1K/mo SaaS MRR, USD”
    high
    “Pricing is structured on a per user per month basis, consistent with a standard SaaS model.”
    high
    “raise $200K funding at an impressive $10M valuation with only $1K subscription MRR.”
    high
    “WeSoar reported $23,000 per month in total revenue in June 2023, with approximately $21,000 coming from SaaS subscriptions ... SaaS MRR grew from $1,000 to approximately $21,000 in 12 months.”
    high
    “So last time we spoke, I think we were doing about 1,000 on SaaS and about 14,000 on consulting. We are now about 20, 21K on SaaS and 2 or 3K on consulting.”
    high
    “How he grew $1k to $23k SaaS MRR for HR Tech over last 12 months”
    high
  • Services & consulting

    · 4 mentions · 4 sources
    “WeSoar averaged about $15K a month in revenue in 2022, made up of $1K per month in SaaS subscription revenue and $14K per month in consulting services revenue. The consulting work kept operations funded while the product matured.”
    high
    Show 3 more quotes
    “$14K/mo consulting services $1K/mo SaaS MRR, USD”
    high
    “WeSoar reported $23,000 per month in total revenue in June 2023, with approximately $21,000 coming from SaaS subscriptions and $2,000 to $3,000 from consulting.”
    high
    “So last time we spoke, I think we were doing about 1,000 on SaaS and about 14,000 on consulting. We are now about 20, 21K on SaaS and 2 or 3K on consulting. Obviously, consulting changes.”
    high
  • Add-ons & upsells

    · 2 mentions · 2 sources
    “So, for example...the other use case that you just described is what if you build new features, you can't now charge for the...No, that will be a separate sale completely altogether...So you can upsell them...Absolutely.”
    high
    Show 1 more quote
    “We build more by adding new features, not charging more for the existing features. ... Well, the other use case you just described is what if you build new features, you can't now charge for... No, no, no. That will be a separate sale, completely all together. Okay. So you can upsell them. Absolu...”
    medium

How 2,807 businesses make money

Of businesses with mapped revenue sources, the share using each — WeSoar’s highlighted.
  • Recurring subscriptions
    66% ◀
  • One-time / lifetime deals
    31%
  • Services & consulting
    24% ◀
  • Physical products
    21%
  • Affiliate / referral commissions
    14%
  • Course / training sales
    11%
  • Usage-based fees
    10%
  • Add-ons & upsells
    10% ◀
  • Advertising revenue
    9%
  • Sponsorships & partnerships
    9%
  • Marketplace commissions
    4%
  • Licensing
    2%
  • Donations & tips
    2%
  • Setup / onboarding fees
    2%