DeckRobot Reports Record Customer Acquisition and Technology Advancement
SAN FRANCISCO, Oct. 26, 2018 /PRNewswire-PRWeb/ -- DeckRobot, AI presentation slide wizard for design, formatting and styling, today shares data on its record performance in the latest financial year (Sep 2017- Sep 2018). DeckRobot revenue growth 2x more than anticipated and new customer accounts came from the Professional Services Enterprises (Consulting, Audit, M&A firms), Commercial and Investment Banks, Financial Institutions and other industries (acquired customers represent 35% of the market). Company's ongoing technology and product innovation and development of strategic partnerships are a good foundation for accelerated future growth. DeckRobot has added 3 new offices and 15 engineers to our team.
Significant milestones include:
New Client Acquisition and Revenue Growth:
DeckRobot has experienced the greatest increase in the number of new customer accounts in its history acquiring customers representing 900%+ more of the market share than in the past year and on-boarding 9/10 largest consulting firms (including firms from Big-4 and Big-3).
DeckRobot has also achieved record revenue growth with the most recent monthly recurring revenue for the month of September growing multiple times year over year. New business comes from verticals such as Professional Services Enterprises (Consulting, Audit, M&A firms), Commercial and Investment Banks, Financial Institutions and others with new logo accounts including leading Management Consulting and Audit brand, one of largest Commercial Banks in Europe and more. In addition, the company expanded its footprint within existing clients and added new geographies to its revenue footprint (including UK, Germany, France, Switzerland, Denmark, Russia, Ukraine, Spain). We opened additional offices in London, Manila, and Kyiv to support our client development and ensure a 24/7 customer assistance.
We helped several large professional services firms to reduce time spent on the slide formatting and ensure consistency of the visual materials they produce. The typical implementation of DeckRobot results in 15-20% time savings for the core front operations employees (consultants, auditors) and $1.5m+ of annual savings for one region (3,000+ users) as well as 2-3x lower production cost per slide and 3x faster turnaround time for slide design requests. The company expects a significant recruitment brand value-add for our clients (junior auditors and consultants can focus more on the analysis and client work because of using DeckRobot for the PowerPoint slide formatting).
New Product and Technology Development:
During this period DeckRobot has enriched its technology product offering:
DeckRobot add-in for MS PowerPoint powered by AI delivers a full set of formatting automation, including formatting of existing slides in the right client template, full rendering of slides without any client formatting, aligning all types of PowerPoint objects on slides, working with multiple design codes and templates in one file. Moreover, we have improved performance of our On-Prem solution and reduced hardware requirements to drive down the client cost and streamline the deployment process. We advanced with our Machine Learning research creating new libraries and pattern recognition algorithms for the datasets created from PPTX files.
Additionally, DeckRobot provided a larger set of available product customization (14 new off-the-shelf features).
We have advanced with our technology research and brought additional Machine Learning and Computer Vision frameworks, which can work with different server environments and provide better design prediction quality.
Fundraising:
DeckRobot raised the undisclosed amount in 2 investment rounds demonstrating a 3.5x company valuation growth within the last 12 month. These funds helped to accelerate growth and ensure the increase in operations footprint and salesforce.
People and Culture:
DeckRobot has significantly expanded its engineering team adding 15 new software engineers and data scientists and bringing new VP of Engineering (starting on December 2018; to be further disclosed). The changes are designed to continue the fast product adoption growth and market technology leadership, to build a platform for the development of new products for the Professional Services and Financial Institutions.
"The past year was a turning point in our history," said DeckRobot CEO Tony Urban. "We have achieved our technological superiority and are able to compete with the largest software companies as well as secured most of the top customers. This scale and technological advancement help us to keep our status of pioneers of the presentation automation software market. However, we are looking forward to applying our Machine Learning technological stack and experience to solve more automation problems for the core operations of professional services firms".
About DeckRobot
DeckRobot is an innovative AI software company focused on customized enterprise solutions for slide formatting and styling. DeckRobot's add-in turns content from slide drafts into CEO-ready slides by one click. DeckRobot combines extreme easiness of the user experience with a complex and advanced machine learning tech. DeckRobot delivers native add-ins for PowerPoint, Google Slides, and Keynote as well as web solutions. The DeckRobot system architecture ensures the maximum data security and confidentiality.
DeckRobot is a privately held independent company, headquartered in San Francisco, California and backed by top executives from the industry.
SOURCE DeckRobot
