Sramana Mitra: Where are you now? Divyabh Mishra: Right now, we are close to $6 million. This year could have been a lot more, but everyone has had a hit this year – at least in the first half of the year. Nobody was sure where things were going. Things are picking up though. It
Sramana Mitra: You said that you partially sold the company at a $100 million valuation. What is the structure of the company? Divyabh Mishra: That’s about 43% of the company. That is another interesting piece of the company. Macnica is a public Japanese company. They are distributors of semiconductor parts and are trying to diversify.
Sramana Mitra: What is your business model regarding these data scientists who are building these algorithms for you? Divyabh Mishra: Let’s say the community did not exist and I had subcontracted the work to someone else. They get paid for the work they do. The data scientists are getting paid for building the models. Once
Divyabh Mishra: We do about 10 million API calls per day for one of our customers. For many others, it’s not that huge, but it is still pretty large. We also work with a lot of distributors. We have a lot of B2B clients like electrical or industrial distributors. They have a huge catalog. For
Super interesting crowdsourced data model conversation! 25,000 data scientists participating in building algorithms for specific use cases. Fascinating conversation!