1342 With $500k in MRR, He's raising $5m on $20m Pre to Help Enterprises with AI
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 28 March 2019
⏱️ 11 minutes
🧾️ Download transcript
Summary
Angam Parashar is a founder of ParallelDots. He is a graduate of Indian Institute of Technology Kharagpur. After his graduation and before starting ParallelDots, he worked as a consultant at Opera Solution, a niche big data consulting firm.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello everyone. My guest today is Angam Parashar. He's a founder of Parallel Dots. He's also a graduate |
| 0:06.2 | of Indian Institute of Technology. After his graduation and before starting the company, he worked as |
| 0:10.7 | a consultant at Opera Solution and niche big data consulting firm. Angamar, you ready to take us to the top? |
| 0:17.1 | Absolutely. Go ahead. Okay. What is parallel dots and how do you make money? |
| 0:21.6 | Sure. So parallel dots is an artificial intelligence platform for developers and enterprises globally. |
| 0:29.6 | When I talk about artificial intelligence platform, what we essentially do is that we provide text analysis, NLP slash NLU APIs, as well as |
| 0:40.9 | computer vision APIs. It's a simple plug-and-play API which people can just sign up on our |
| 0:46.4 | website and start using it. And is it a SaaS business? Yes, it is a SaaS business. There are two |
| 0:53.9 | primary users that we are targeting. |
| 0:56.0 | One is the developers, as I mentioned. |
| 0:58.0 | These could be students, indie developers, app developers, |
| 1:03.0 | whatever work they are doing. |
| 1:05.0 | There are many use cases for them. |
| 1:07.0 | The other one, the target users are the enterprises for us. |
| 1:10.0 | So when you talk about developers, it's essentially a pay-as-you-go model for them. |
| 1:14.8 | It is we charge them on a number of API calls that they make. |
| 1:18.9 | More than 12,000 developers have signed up on our platform today. |
| 1:22.8 | So we are one of the most popular NLP-NLU API is out there today. |
| 1:27.9 | How many paid customers are you working with today? |
| 1:31.4 | So number of paid customers in developers. |
| 1:34.4 | Developers usually use the premium model where we provide per month around 10,000 API |
| 1:39.4 | calls for free. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.