In today's digital workplace, companies manage multiple apps and face challenges in accessing and retrieving information efficiently. The amount of SaaS solutions that companies use has been steadily rising. In 2021, an average of 110 SaaS apps were being used per organization. In 2016, organizations used an average of 12 SaaS apps. In 2015, companies only used an average of 8 SaaS solutions. Employees spend significant time searching for data across various platforms, leading to decreased productivity. There are millions of knowledge workers in growth-stage companies globally who struggle with unstructured data and inefficient search processes.
Xylem AI aims to revolutionize workplace search by leveraging generative AI technology to provide instant, accurate, and contextual answers to queries, thereby enhancing productivity and knowledge management. It offers a fast, accurate, and scalable solution to the workplace search problem. With Xylem AI, knowledge workers can rely on their intelligent search assistant to retrieve information across company apps seamlessly. By significantly reducing the time spent searching for data, employees can save up to 3 hours per week, allowing them to focus on critical tasks and increasing overall productivity and engagement.
Xylem AI has developed a generative AI-powered workplace search platform that connects with all company apps to retrieve and organize information effectively. By utilizing LLM-powered vectors and personalized embeddings, Xylem AI's deep learning models understand the semantics of data, ensuring no context is missed. This allows Xylem AI to provide conversational answers to queries while breaking through data silos and comprehending internal knowledge graphs, including customer data, goals, and most importantly, the people and their responsibilities within the organization. Xylem AI ensures data security through an industry-grade security framework that encrypts data in transit and at rest, aligning with each company's data and security policies.
Xylem AI's team consists of highly skilled individuals dedicated to the success of the venture. Arko an MIT Manipal graduate leads growth, sales, and partnerships, leveraging his expertise to drive Xylem AI's market expansion. Enrique and Pranav, both graduates from MIT Manipal with a BTech degree, bring their extensive experience in building efficient AI models to lead technology and product development. Their previous experience in leading a defense robotics team and building a successful startup which was the only Indian startup in the Top 20 at Hult Prize Accelerator held in Boston in 2022 showcases their ability to innovate and execute effectively.
The market opportunity for Xylem AI as in the United States alone, there are approximately 120,000 such companies, and an additional 100,000 in India. This presents a massive addressable market worth $7.9 billion. Xylem AI's target customers are companies with 200-300 knowledge workers, where the need for an intelligent search assistant is most pronounced.
Xylem AI aligns perfectly with 100X.VC's investment thesis. As an early-stage venture capital fund, 100X.VC identifies disruptive startups with high growth potential. Xylem's AI-powered workplace search platform addresses a significant pain point for knowledge workers and has the potential to transform how companies access and utilize information. With a substantial market opportunity and a talented team, Xylem AI is well-positioned for rapid growth and scalability. 100X.VC believes that Xylem AI's innovative solution, combined with its competent team, presents an attractive investment opportunity.
With its innovative AI-powered workplace search platform, Xylem AI is poised to transform how knowledge workers access and utilize information within their organizations. By saving time and improving productivity, Xylem AI's solution addresses a critical pain point in the market. The competent team and market potential make Xylem AI an attractive investment opportunity for 100X.VC. We believe that Xylem AI's vision, combined with its cutting-edge technology, positions the company for remarkable growth and success.