Introducing Genius AI: the platform handling scheduling, payments & admin for service businesses.
GlossGenius is now part of Genius AI. We’re nearing $200M ARR, powering over 125K businesses.
We’re also announcing our Series D at a $1.15B valuation, with $125M raised to date.
Danielle is one of the best entrepreneurs in the country. i think the ratio of her talent and execution to how well-known she is remains totally out of whack. she's executed at a level that founders with 1000x the profile don't match
congrats on building a remarkable business
112M admin hours saved, $2B in extra revenue made for businesses, and 624M client touchpoints powered for the service economy by @trygenius_ai. It’s been thrilling to watch @DCohenShohet and @Leahcs build this company from the ground up. This is just the beginning 🚀
Genius AI is bringing intelligence to the physical economy, where some of the most valuable and human work in our daily lives takes place. Since Day 1, we have been obsessed with helping talented practitioners do what only they can do as technology takes on the repetitive tasks.
We’re excited to share that we raised a Series D at a $1.15B valuation to accelerate our vision. We are also announcing a new brand, Genius AI, as our platform and customer footprint have evolved. Alongside our core flagship GlossGenius product, we’re releasing products that run more of the admin work on their own, so business owners can finally do what they dreamed of.
To the 125,000 businesses who have trusted us to save them 112M hours of admin work and earn billions of dollars in extra revenue already, thank you for your partnership. Our work is just beginning as we make your most repetitive workflows disappear.
Grateful for our investors, including @Lux_Capital that led the round with participation from @BessemerVP@ImaginaryFund@2048vc@L_Catterton and @StepStoneVC .
Here’s a note from our founders @DCohenShohet@Leahcs with more detail below ⬇️
Exowatt launches today! ☀️
The power requirements to scale AI are astronomical. Within a decade AI will require 650TWh of new power generation – more than the electricity demand of South Korea. In the U.S. alone, data centers will require the equivalent amount of electricity to power 40 million households by 2030.
Exowatt P3s can generate electricity at scale at just a $0.04 LCOE and with entirely renewable tech. That’s lower than the cost of most fossil fuels and doesn’t account for subsidies. We have already amassed a 1.2 GW backlog, worth $Bs from the mega tech hyperscalers, energy and data center companies.
The system works by capturing the sun’s energy in the form of heat, storing it in a heat battery and converting it to electricity via a heat engine even when the sun is no longer out. This changes the economics of solar by solving a problem called the “Duck Curve” where all conventional solar producers are forced to sell their power at the same time while at maximum output, driving the electricity cost sometimes to zero or negative intraday and leaving no supply at night. Data centers need to operate 24/7 and typically have 60% of their OPEX from energy costs, so an inexpensive and ever available alternative is very important to them. Data centers are straining to bring capacity online and without solutions like Exowatt, are being forced to turn to fossil fuels like coal, oil and natural gas.
We hope you’ll join us in pushing forward an abundant and non fossil fuel powered future!⚡️
https://t.co/p626bMg149
Klayvio is an iconic company.
The founder still owns 38% and he'll be worth ~$3.5B at IPO.
This is what happens when you get to $600M+ of ARR having only burned $15M.
Truly remarkable...
Is Miami the new Silicon Valley?
@JoinAtomic CEO @JackAbraham thinks so.
"It's actually much, much more diverse than I think a lot of people would realize from the outside..."
Want to start a company but not sure you have the perfect idea?
Well @jackabraham/@JoinAtomic, who are renowned for their incubations are inviting 50 "Future Founders" to a Summit during Miami Tech Week
Ticket to the Faena event included!!
Apply here: https://t.co/fg4XZlgCuI
Weekend @FT reading icymi: “How Miami became the most important city in America” by @thejoelstein
“Jack Abraham is patient zero of the Miami Migration… ‘If you think of Miami like a product, the conversion rate is very high,’ @jackabraham says.”
https://t.co/8uoQe4h9yG