EP #345 - Adrian Krebs: AI & the Boom of Unstructured Data

Oct 1, 2023

Ask episode

Chapters

Transcript

Episode notes

Timestamps:

2:36 - Rapid growth in unstructured data

6:53 - Reaching CHF 100K ARR in 8 months

8:48 - The competitor landscape

12:53 - Facing the diversity of data structures

13:57 - Kadoa’s deal on the Swisspreneur Syndicate

About Adrian Krebs:

Adrian Krebs is the co-founder and CEO at Kadoa, a SaaS company providing AI-powered data extraction. He holds a MAS in Information Technology from Berner Fachhochschule BFH and previously built the shopping guide Looria.

Together with his co-founders, Johannes Engler and Tavis Lochhead, he created Kadoa in 2023 to address a pressing issue: the hours upon hours of tedious, manual data extraction work performed by freelancers across the globe. Kadoa’s AI technology lets you build data extraction workflows on autopilot, without fighting scrapers, mappers, or APIs. They launched it this year to take advantage of three converging factors:

Tech breakthrough: It wasn’t possible to automate such large extents of unstructured data until now, and it was very expensive and tedious to process it.
The boom in (unstructured) data: 80% of all data is unstructured, and 80-90% of all data worldwide was produced within the last 2 years.
During uncertain times, companies look for ways to cut costs.

After building their product in 8 months and reaching CHF 100K ARR, the Kadoa team has a full sales pipeline. Their only bottleneck is human capital: there’s still only 3 people on the team. That’s why they’re raising CHF 1.5M, part of which through the Swisspreneur Syndicate, for a 24 month runway. With these funds the Kadoa founders intend to achieve product-market fit, acquire 30 new enterprise customers and reach break even. Check out the Swisspreneur Syndicate’s deal flow page on notion to find out more.

Memorable Quotes:

"80% of all data is unstructured, and 80-90% of all data worldwide was produced within the last 2 years."

Don’t forget to give us a follow on our Twitter, Instagram, Facebook and Linkedin accounts, so you can always stay up to date with our latest initiatives. That way, there’s no excuse for missing out on live shows, weekly give-aways or founders dinners!