997 AI Company is Real Deal with 4x YoY Revenue Growth to $3m+ in ARR
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 17 April 2018
⏱️ 15 minutes
🧾️ Download transcript
Summary
David Benigson founded Signal Media in 2012 with the belief that artificial intelligence would fundamentally change the way businesses worked. As CEO, David has led Signal through multiple funding rounds totalling £8.2m, most recently a £5.8m Series A fundraising in December 2016. He was named to the Forbes 30 Under 30 Europe list in January 2017.
Transcript
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| 0:00.0 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
| 0:06.9 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other |
| 0:16.1 | insider information that creates business news headlines. We went from a couple hundred thousand dollars to two point seven million. |
| 0:23.6 | I had no money when I started the company. |
| 0:25.6 | It was a hundred and sixty million dollars which is the size of any IPOs. |
| 0:29.6 | We're a bit strapped. |
| 0:30.6 | We have like 22,000 customers. |
| 0:33.6 | With over five million downloads in a very short amount of time, major outlets like Inc are calling us the fastest growing business show on iTunes. |
| 0:43.6 | I'm your host, Nathan Latka, and here's today's episode. |
| 0:48.7 | Hello, everybody. |
| 0:49.8 | My guest today is David Benningsen. |
| 0:52.5 | He founded Signal Media in 2012 with the belief that artificial |
| 0:55.5 | intelligence would fundamentally change the way businesses worked. As CEO, he's led Signal |
| 1:00.3 | through multiple funding rounds totaling 8.2 million euros, most recently a $5.8 million |
| 1:05.6 | series A in December of 2016. He was named the Forbes 30 under 30 Europe list in January 2017. David, |
| 1:13.3 | are you ready to take us to the top? Sure, absolutely. All right, so very good. So tell us more about |
| 1:18.6 | kind of what single media does and what's your business model. How do you make money? |
| 1:23.7 | Sure. So, I mean, we founded the company four and a half years ago, and really we founded it under the premise of two big problems and challenges that most businesses face today. One being the explosion of information accessible to large organizations, the fact that companies have just never had greater access to information and yet never found it harder to transform that information into |
| 1:44.6 | actionable insight. And the second kind of major challenge that most businesses face if you |
| 1:49.1 | walk into them is the fact that, you know, knowledge is siloed. It's trapped in the heads of people |
| 1:53.4 | who work at these organizations. So we built a signal and we apply machine learning and AI to |
| 1:58.3 | solve those two problems. We aggregate a lot of the world's |
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