Koverse's chief executive, John Matsu, would like to tell you in all the wonderful ways his emerging company helps the US government, international biopharmaceutical companies, international financial organizations and leading market analyst firms to use the highly motivated database platform to drive their business or business. But at the moment, he can not.
"Customers do not allow us to stand on top of the mountain and scream," Matsu said.
For reasons of ownership and others, their projects are at the bottom. This will change next year with some new partnerships and initiatives to be announced.
So far, we know: the Koverse, which consists of 20 profitable employees, took only one round of A-series funding, which reached $ 4 million three years ago. It was co-founded by Paul Brown and Aaron Cordova, who met while working for the National Security Administration (NSA). In 2008, they helped create Apache Accumulo, a powerful database engine created by the NSA.
In 2012, Brown and Cordova launched Koverse, using Accumulo and additional technology to help companies and government deal with complex problems by analyzing huge amounts of data. Matsu said the expansion of its products and security was "unparalleled". He added that the skill of the founders, their expertise and the capabilities of their artificial intelligence platform allow the company to make transformational changes to customers.
"We are not just trying to improve operations," he said. "We help [customers] Discover how to do something faster and better that would generate millions. "
Koverse's competition includes Palantir Technologies, produced by Silicon Valley, a multi-billion dollar company initiated by the founder of PayPal Peter Thiel. Matsu underestimated the Panther. "They have huge loopholes in their products that we have begun to exploit," he said.
Matsu joined Koverse in 2016. His background includes working as one of the top managers at Concor and senior executives at Qpass. We met him for this Startup Spotlight, an ordinary GeekWire feature. Continue reading about our answers to our questionnaire.
Explain what you do so that our parents can understand: We help organizations use diverse data and AI to build innovative products or services or gain competitive advantage.
Inspiration hit us when: While in the NSA, our founders realized that complex problems could be solved by applying artificial intelligence to disparate data. They later realized that the same technology can help solve meaningful problems in a wider range of organizations.
VC, Angel, or Bootstrap: Our A Series has been funded as a strategic investment by Credit Suisse, our first commercial client in 2015. We have already achieved positive and positive cash flow, giving us tremendous flexibility to finance our future growth initiatives.
Our secret sauce is: Our secret link is our experience in solving problems previously thought to be insoluble. Our team has tested these capabilities in our products.
The smartest move we've made so far: Focus on intelligent solutions based on artificial intelligence that address meaningful challenges and opportunities. Bring these solutions to market ourselves, or with strategic partners who are domain experts with established distribution channels. Expect to see and hear more about it in 2019.
The biggest mistake we've made so far: We have started selling a technical platform that can solve a variety of usage situations. But only large companies, established with deep pockets, can sell platforms effectively in large markets. So we have turned to solutions that address specific challenges brought to us by our customers.
Any entrepreneur or executive you want to work in your business corner? Jack Welch, GE's legendary CEO and author. A great businessman knew how to focus on the right arms.
Our favorite team building activity is: Our work environment is unusual because most people work from home four days a week. This offers tremendous daily productivity benefits and helps us recruit the best talent. So our favorite activity in team building is our weekly "Water Water" contact with the whole team on Friday morning. Each employee talks about what he or she is doing as well as weekend plans or any other fun personal activity. The watercooler call helps build trust and connections on many different levels.
The most important thing to look forward to when hiring is: We are looking for mating, curiosity (the desire to learn and grow), intelligence (smart people like working with smart people), passion for making a difference, and previous success.
What is the only advice you give to other entrepreneurs who just started: Do what you really like to do so do not be fun or feel the work!