12 Ai Platform Success Stories [2024]
Here are some real life success stories of starting a ai platform:
1. NHANCE NOW ($300K/year)
Nishith Patnaik, the founder of NHANCE NOW, came up with the idea for his business during the Covid-19 pandemic. After losing 95% of his customers and 99% of his revenue, Nishith and his team pivoted their product into a Conversational Automation Platform, helping businesses shift to messaging apps. In just 10 months, their monthly revenues grew from $0 to $25,000.
How much they make: $300K/year
How much did it cost to start: $750K
Current team size: 21
NHANCE NOW, a Conversational Automation Platform, pivoted during the Covid pandemic and transitioned from an aspirational product to a messaging-based digital contact center, helping D2C ventures and insurance companies shift towards a digital-first mode, resulting in monthly revenues growing from $0 MRR in July 2020 to $25,000 MRR in mid-2021.
2. Rytr ($60K/year)
Abhi, the founder and CEO of a startup platform and business incubator, came up with the idea for Rytr, an AI writing assistant, after realizing the pain points of content generation for small teams. With the potential he saw in GPT3 technology, Abhi set out to create an intuitive AI assistant that offered the best quality outputs, launching in April 2021. Since then, Rytr has become a market leader with 300,000+ customers worldwide and plans for future growth.
How much they make: $60K/year
How much did it cost to start: $25K
Current team size: 1
Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR.
So... can you actually make money with a ai platform?
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. Addepto ($1.26M/year)
Addepto, a leading AI consulting firm, was founded by Edwin Lisowski and Artur Haponik. With their shared passion for new technologies, they recognized the potential of AI-driven solutions for businesses and decided to start a company that offers customized data-driven solutions. Over the years, their focus on providing high-quality services and building a strong brand image has helped them attract and retain customers, leading to their remarkable success in the industry.
How much they make: $1.26M/year
How much did it cost to start: $30K
Current team size: 25
Addepto is an AI consulting business that has grown to over 30 employees and generated $1.26 million per year by offering customized solutions to clients, minimizing business risks with AI, integrating data from multiple sources, and optimizing logistic processes.
4. Kamua ($120K/year)
How much they make: $120K/year
Current team size:
This case study highlights Kamua's CEO Paul's journey in building his cloud-based SaaS, which has grown to make an impressive $6k in MRR by providing customers with AI-enabled video editing capabilities.
So... can you actually make money with a ai platform?
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. CopyAI: Create Marketing Copy In Seconds ($1.2M/year)
How much they make: $1.2M/year
Current team size:
CopyAI co-founder grows company's MRR to $90k in just 8 months, after raising $2.9M, with AI writing assistant that generates content in seconds.
6. InstaText ($600K/year)
Matej Guid, CEO and co-founder of InstaText, came up with the idea for his AI-based online writing assistant while working as a professor and struggling with editing academic papers. Leveraging advances in AI, Guid and his team created a tool that uses reinforcement learning to continuously improve text, resulting in over half a million active users and more than $50k in monthly revenue in just two years. InstaText was even named the Slovenian Startup of the Year in 2020.
How much they make: $600K/year
How much did it cost to start: $50K
Current team size: 4
InstaText is an AI-based online writing assistant that helps non-native speakers improve their English, with over half a million active users from 150 countries worldwide, bootstrapped from $0 to $50k monthly revenue in two years and quadrupled their sales in 2021, becoming Slovenian Startup of the Year and expanding to web applications and browser extensions.
So... can you actually make money with a ai platform?
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.
8. Live Person ($497M/year)
How much they make: $497M/year
Current team size: 1200
LivePerson founder Robert LoCascio has grown his business to become the market leader in intelligent engagement solutions, with over 18,000 clients and $500M in revenue, offering conversational tools such as AI-powered chatbots and customer sentiment analysis.
- 4,818 founder case studies
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- 8,628 business ideas
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- 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
