We are thrilled to announce our investment in Pinsight as a lead investor in their pre-seed round. Pinsight is a SaaS product that empowers product and customer teams to automate the process of extracting predictions and human-friendly insights from CRM, financial and other raw data with one click.
Pinsight is using a combination of novel machine learning approaches and advanced traditional statistical analysis techniques to produce highly accurate, explainable, and trusted results in a fully automated manner. The solution can be applied in a wide range of domains – marketing (increase campaign effectiveness and response rate), finance (reduce credit default or increase investment returns), retail (increase sales and optimize), market research (learn market trends and paint points), telecommunications (reduce customer churn and increase satisfaction), etc. With this, Pinsight is tapping into the $23B+ market of Business Intelligence that’s expected to reach $33B by 2025, and disrupting how companies make data driven decisions.
“Pinsight complements our portfolio of AI infrastructure companies, such as SuperAnnotate, AimHub, ActiveLoop. I’m super excited for the investment and the team.” says Vazgen Hakobjanyan, Partner at SmartGateVC.
“We live in an era where companies heavily rely on data and analytics to make their key decisions. Yet, for some reason it is still ridiculously difficult and time consuming to extract insights from raw information. At Pinsight, we have built an autonomous AI system which is able to extract the key insights and driving factors from raw data providing decision-makers the opportunity to make smart decisions fast.” says Hrant Davtyan, Founder and CEO of Pinsight.
“Pinsight is an exemplary case of transformation from science & tech to a product that addresses real pains in enterprises.” says Ashot Arzumanyan, Partner at SmartGateVC.
“It’s a great pleasure to work with Hrant – inspiring consistency and exemplary professionalism! Pinsight is on its path to create a new category and builds its success thoughtfully step by step.” says Hambardzum Kaghketsyan, Partner at SmartGateVC.
SmartGateVC is a Silicon Valley pre-seed venture capital fund backed by Tim Draper and seasoned tech investors, entrepreneurs and professionals. Our key focus areas are Artificial Intelligence (AI) infrastructure, AI-enabled SaaS, IoT, and Biotech across California, Massachusetts, NYC, Armenia, and wider Eastern Europe.