INTELLITHING, which aims to develop customized applications of Generative AI With no code, has raised 132% (£265,325) of its £200,000 target from 116 investors (at the time of writing) via its crowdfunding campaign, carried out via Seedrs with 12 days left in the offering.
Located in Manchester, United Kingdom, INTELLITHING operates in the Sectors of SaaS/PaaS )Digital B2B).Incorporated in December 2019, the firm shares its investment summary: Type Equity; Valuation (pre-money) of £2.1M; Equity offered: 11.01%; Share price £3.125; Tax relief; EIS.
Business Highlights are as follows:
- Two exited Founders and extensive industry expertise
- SFC capital VC are anchoring this pre-seed round
- Software has been developed and is market ready
- Already onboarding clients with £0 sales/marketing.
Key features: Secondary Market; Seedrs nominee min. £12.50 +; Direct investment min. is £10,000.00 +.
INTELLITHING: No-code, drag & drop platform for stacking large language models.
Many people are now aware of the rise of Chat GPT and large language models. The global market “for applied Generative AI is now forecast to grow by 35%pa.”
However, building AI software to “improve efficiency and service can be too expensive and slow for many businesses.” As developers need to “navigate many layers of complexity and limitations before the coding is released.”
INTELLITHING, a no-code, drag-and-drop and modular platform “for stacking optimised open-source large language models and components, just like LEGO bricks, to develop quicker, cost effective unique generative AI applications.”
Their go to market is the insurance sector.
Their team possesses deep expertise “in natural language processing with backgrounds spanning; leadership in the UK Government’s Data Science Department, research at Stanford University, MIT Management course in AI Marketing and the Harvard Entrepreneurship course. In addition, the team has significant commercial experience with the former Director of AI at the multinational Atos.”
They have big plans and would love to have Seedrs investors “join this pre-seed round led by SFC Capital.”
Monetization strategy
INTELLITHING is a cross sector PaaS B2B platform, “initially targeting the insurance sector with plans to expand to Finance soon.”
The current focus is “on underwriting, risk management, and claims processing via custom built applications of Generative AI.”
The product pricing will primarily “be an enterprise offer on a subscription basis.”
There will initially be two levels of subscription:
1. Scale Up – £1,000pm
- Extension of your data science team
- Develop unlimited apps
- Access no code tools
- Access to computational resources
- Video call customer support
2. Enterprise – £5,000pm
- Everything in Scale Up
- Access to premium tools
- Unlimited API call
- On premises deployment
- Optimising bespoke models
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