- Vanna AI was selected the winner of Paddle's AI Launchpad by a
panel of judges during the program's demo day on Tuesday 9th
July
- As well as gaining valuable insights and connections from the
six-week program, the company also wins its $20k cash prize
- Paddle launched its first AI Launchpad in 2023, with Virtual
Staging AI the winner of the inaugural program
- Pre-registration for the next AI Launchpad is now available at:
https://www.paddle.com/ai-launchpad
LONDON, July 18, 2024 /PRNewswire/ -- Vanna AI, the AI
business intelligence assistant, has won Paddle's 2024 AI
Launchpad, the second edition of its six-week program aimed at
empowering ambitious software founders to build, launch and scale
their AI-powered business ideas. Vanna AI was selected as the
winner by a panel of prominent investors, tech leaders, and
founders at the Paddle AI Launchpad Demo Day on Tuesday 9th
July, securing the $20k cash
prize.
Vanna AI, founded in 2023 by Zain Hoda, is an open source Python
package that uses AI to allow businesses to chat with their SQL
database as easily as chatting to their colleague. With Vanna AI,
users ask their business questions and it responds with tables,
charts and in-depth follow ups for a comprehensive analysis. Vanna
can be connected to any SQL database, is compatible with any LLM
and any vector database, and can easily be integrated into
developer applications. The Vanna AI open source package is already
being used by top brands including Oracle, Microsoft, Volvo and
Adidas, and has gained over 9000 Github stars.
In April 2024, Vanna AI joined
Paddle's AI Launchpad - a program to provide over 100 innovative,
ready-to-scale, AI-focused companies the support they need to
accelerate their growth and effectively monetize their AI products.
Participants of Paddle's AI Launchpad receive tailored guidance and
practical insights from industry experts, and exclusive access to
the "Launchpaddlers'' community - a hub for Launchpad alumni to
network and share resources. Additional benefits provided by
Paddle's partners include up to $350,000 in Google Cloud credits, $25k in credit from AWS Activate, special credits
to Notion and Mercury, and access to dedicated AI resources.
During Paddle AI Launchpad Demo Day - the final stage of this
year's program - 10 Launchpad finalists presented their AI business
and pitched for why they should win the $20k cash prize to a panel of judges including
Christian Owens, Founder of Paddle;
Maria Palma, General Partner at
Kindred Capital; Federico Wengi, Partner at SquareOne Venture
Capital; and Alex Theuma, Founder of
SaaStock and General Partner at BackFuture. The other nine
finalists were:
- Supaboard - AI that transforms data into actionable
dashboards and tools
- Podscan - instant alerts for a brand's every podcast
mention
- TailoredPod - personalized newsletters and podcasts based
on users' interests
- UXWizz - self-hosted website analytics platform
- Render AI - AI image tool creating 3D renders from sketch
drawings
- Podscribe - modern measurement for modern podcast
advertising
- Trevor AI - daily AI assistant for planning tasks in
calendars
- Engyne - all-in-one platform for B2B content marketing
- SEOwind - AI writing tool to drive traffic
On winning this year's Paddle AI Launchpad, Zain Hoda,
Founder of Vanna AI, said: "The Paddle AI Launchpad was
instrumental in shaping Vanna's growth strategy. The Masterclasses
in the program provided invaluable insights into critical areas
like pricing strategy, marketing approaches, and defining our value
metrics. Meanwhile, the community created a collaborative
environment where we could exchange ideas and receive direct
feedback on everything from pitch decks to pricing pages and
marketing copy. This comprehensive support has been crucial in
refining our business model and go-to-market strategy. I'm very
grateful to Paddle for having us as part of this year's AI
Launchpad and Demo Day, and extremely proud to have been awarded
this year's prize."
Commenting on the program, Karthik
Puvvada, Paddle's Founder Relations Manager, said:
"There is an incredible amount of innovation happening within AI,
but turning your great idea into a sustainable and scalable
business isn't easy. Paddle AI Launchpad was created to help
provide the new generation of software founders with the knowledge
and insights to turn their AI inventions into thriving businesses.
We were so impressed by the innovation and creativity of this
year's founders - especially our winner, Vanna AI. It has also been
great to see the engagement within the "Launchpaddlers" community,
and I'm sure this year's participants will continue to network and
share resources moving forward. We have been delighted with the
success of the program to date and look forward to hosting more
Launchpads and continuing to help founders build sustainable AI
businesses."
Paddle launched its first AI Launchpad in 2023, with Virtual
Staging AI, a platform that allows real estate professionals to
sell properties faster by using AI to digitally furnish images of
empty rooms, selected as the winner of the inaugural program.
Following the program, the company saw revenue increase 10x, from a
monthly revenue of $20,000 to
$200,000.
Applications for the next AI Launchpad will open this Autumn.
Interested applicants can pre-register here.
About Paddle
Paddle, the payments infrastructure
provider for software companies, powers hyper-scale growth across
acquisition, renewals and expansion. With Paddle, companies are
finally able to transform their payments infrastructure into a
strategic growth lever to respond faster and more precisely to
every growth opportunity. Paddle has 300 employees serving over
4,000 software sellers in 245 countries and territories globally.
Backed by investors including KKR, FTV Capital, Kindred, Notion,
and 83North, Paddle aims to define the next wave of B2B SaaS
leaders. Visit www.paddle.com or
www.twitter.com/PaddleHQ for more information
About Paddle AI Launchpad
Paddle AI Launchpad is a
6-week program aimed at empowering ambitious software founders to
build, launch and scale their AI-powered business ideas.
Participants in the program gain access to tailored guidance and
practical insights from industry experts and have the chance to win
a $20k cash prize from Paddle for the
best offering, as judged by a panel of experts. Paddle launched the
first AI Launchpad in 2023, with Virtual Staging AI, a platform
that allows real estate professionals to sell properties faster by
using AI to digitally furnish images of empty rooms, selected as
the winner of the inaugural program. The company has since seen
revenue increase 10x, from a monthly revenue of $20,000 to $200,000. Find out more at
www.paddle.com/ai-launchpad.
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