11 Ai Based Business Solution Success Stories [2024]
Here are some real life success stories of starting a ai based business solution:
1. Rapid Acceleration Partners ($720K/year)
In 2017, Raghuraman Ramamurthy saw the opportunity to enter the AI market and automate the processing of unstructured content. Alongside his co-founders, he launched Rapid Acceleration Partners (RAP) to provide Intelligent Process Automation solutions. With their RAPFlow platform, they have served companies in six industries, processed over 7 million pieces of content, and saved 70% of manual effort.
How much they make: $720K/year
How much did it cost to start: $150K
Current team size: 35
Intelligent Automation Solutions provider Rapid Acceleration Partners (RAP) has served companies in 6 industries, processed 7 million+ pieces of content with 10 million+ process iterations, and saved 70% of manual effort via their AI-powered content intelligence platform and RPA tool.
2. Nichesss ($360K/year)
Malcolm Tyson came up with the idea for nichesss after discovering the power of OpenAI's GPT-3 API. Seeing a gap in the market for an affordable AI content generation tool, he decided to create a user-friendly app that leverages the capabilities of GPT-3 to help businesses write content quickly. With the app generating around $30,000 a month and a loyal customer base, Tyson has proven the success of his business model.
How much they make: $360K/year
Current team size: 1
Nichesss is an AI content generation tool that helps businesses and individuals write content quickly; founded by self-taught programmer Malcolm Tyson, the company has generated a monthly revenue of $30,000, with a user base consisting of copywriters, small businesses and marketing agencies.
So... can you actually make money with a ai based business solution?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. COR ($1.24M/year)
Santi Bibiloni and his co-founders came up with the idea for COR when they realized that many professional service companies struggled with low profitability due to poor budgeting and project management. They wanted to create a solution that would help these companies increase their profits and provide better opportunities for their creative and professional teams. After launching in 2016, COR attracted top clients such as Ogilvy, Wunderman Thompson, and Leo Burnett, and recently closed a Series A round with $6 million in funding.
How much they make: $1.24M/year
How much did it cost to start: $7K
Current team size: 70
COR, an AI-powered solution for Advertising Agencies and Professional Services firms that offers project management, financial management, and resource management, has reached a current MRR of $103k and just closed their Series A round having raised $6M after almost 5 years in the market.
4. Truein ($480K/year)
Ankit Tanna, the founder of Truein, came up with the idea for his business after realizing the pain points in attendance management for contractual and remotely deployed staff. He noticed that existing solutions lacked controls, transparency, and employee experience, so he leveraged AI and face recognition technology to create Truein. The business is currently generating an impressive $40,000 in monthly recurring revenue (MRR).
How much they make: $480K/year
How much did it cost to start: $50
Current team size: 20
Truein is a face recognition-based attendance solution that uses AI technology to address attendance use cases for contractual and distributed staff, boasting an MRR of $40,000 and targeting low and medium skill enterprise customers.
So... can you actually make money with a ai based business solution?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
5. Helical Insight ($960K/year)
Nitin Sahu and his co-founder Nikhilesh Tiwari identified the pain points and limitations of existing BI products while providing services in the domain. They launched Helical Insight as an open-source BI product, attracting customers by showcasing how their product can solve their issues. They invested heavily in SEO and content marketing to generate inbound leads and focused on providing high-quality support to retain customers.
How much they make: $960K/year
How much did it cost to start: $20K
Current team size: 42
From several failed startups to building a $960k/year open-source BI business with 51+ clients, Helical Insight offers a B2B focused enterprise software product that can be used by any company generating data, boasting a client list including CA Technologies, Tata Communications, and Fractal Analytics, making a profit margin of 35%, with plans to partner in non-English speaking countries and to raise funding for development, hiring, sales, and expansion.
6. Witty Works ($240K/year)
How much they make: $240K/year
Current team size: 9
Witty Works is a B2B SaaS that uses de-biased language, AI, and micro-learning to assist businesses to write inclusively, with the goal of increasing women's representation on tech and digital teams.
So... can you actually make money with a ai based business solution?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. Raffle ($1.1M/year)
How much they make: $1.1M/year
Current team size: 40
Raffle AI's enterprise search engine uses intelligent search tools to reduce bounce rates, calls, live chats, and emails by 34% on average while raising $21.8 million from investors including K1 Investment Management, Vaeksfonden, and PreeSeed Ventures.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
