Introduction

Hi,

We're excited to share exciting news: fewer than a few weeks after starting to build, we have formally signed a major $220K contract with a large enterprise client. This contract includes an upfront fee, a significant subscription base, and an agreement to potentially roll out our platform to 40,000 employees.

We also released the alpha version with our client and started exploring our fundraising potential. Additionally, the whole team is finally co-locating, which is delightful!

Here’s a quick rundown of our latest highlights, challenges, and what’s coming up next:

What We Do

With DeltaGen, your employees finish work sooner and deliver better results using an intuitive AI platform that integrates seamlessly with existing tools and provides more accurate, safer, and faster outputs than ChatGPT. No training needed.

We currently focus on Corporate Development workflows and will soon expand to HR, Procurement, and Legal. Employees use SSO to access 10-15 personalized workflows, integrating with company data to automate up to 80% of daily tasks without any prompting.

💬 Asks

• Fundraising Introductions: We are starting conversations with potential partners and would appreciate any initial introductions over the next 2-3 weeks. We are particularly interested in connecting with partners whose thesis aligns with ours and where we could find synergies. If you know a partner who wants to be part of DeltaGen rewriting the AI playbook, we want to speak to them. Please, feel free to forward our scheduling link: https://scheduler.zoom.us/rene-bystron/deltgen-30mins

🚀 Highlights

• $220K Contract Formally Signed: We are excited to announce that we have formally signed a $220K contract with a major client, a conglomerate with $7 billion in annual sales. This contract, secured just weeks after we started building DeltaGen, marks a substantial win for our startup. We are so grateful to our lead mentors for supporting this sales process (including joining our client calls).
  • We were able to convince the large enterprise about our top-grade safety protocols despite their recent cybersecurity breach.
  • The contract includes an upfront fee of $220K and a subscription fee per seat for 20 seats initially.
  • If this pilot phase is successful, the CEO has already agreed to roll out across the entire company of 40,000 employees.
• Alpha Version Release: We have released the alpha version that covers five key workflows, including preliminary asset analysis and proposal conversion to a business case. This version outperforms publicly available LLMs. We are very proud of our engineering team and cannot wait to see what we will be able to release for our beta. Bear in mind this is just six weeks post-launch. Product building has been the most important task for us and will remain so in the foreseeable future to ensure we outperform off-the-shelf tools and deliver 10x performance with enterprise-grade security.
• Pitch Deck & Fundraising Plan Drafted: We have officially launched our fundraising exploration and are scheduling quick intro calls with select VCs to understand their thesis and potential synergies. Our goal is to open a fundraising window around Demo Day. Given that we are already profitable, we aim to raise funds to accelerate our growth and leverage the Techstars spotlight. Please find our latest pitch deck here: Pitch Deck.

🌨️ Lows