ProSapient Secures $10 Million Series A Funding
In a recent investment round led by Smedvig Capital, Prosapient 10m Smedvig Capitalbutchertechcrunch in funding. Other investors include Guy Hands and 24 Haymarket. With the new funding, the company plans to expand internationally and develop its workflow SaaS platform, which addresses a major pain point for experts.
ProSapient
A SaaS-based startup called Prosapient 10m Smedvig Capitalbutchertechcrunch Series A funding round led by Smedvig Capital. It also received funding from Guy Hands, 24 Haymarket, and others. The company has raised USD18 million to date, and will use the new funds to expand internationally. The company claims to serve over 100 clients globally and has seen revenue increase over 100% year over year.
The company provides its customers with the ability to interact with millions of executives across the globe and get key insights from them. They do so using cutting-edge technology and highly accurate transcripts. Its consultants must be senior executives, and can’t work for a competitor of the client company.
The company is a fast-growing expert network that has seized on new technologies. Its offerings include 1:1 expert consultations, surveys, and a multi-vendor platform. Its goal is to become the software-as-a-service provider for expert networks. ProSapient plans to use the funding to expand its service offerings and enter the U.S. market.
SaaS platform for managing expert networks
Using a SaaS platform for managing expert networks can be an excellent choice for any firm looking to leverage the expertise of its experts. These platforms can help firms monitor expert usage, compliance, and spend with a single interface. Moreover, they provide a repository for storing and analyzing data from every interaction between experts and clients.
Expert networks are becoming increasingly important to corporations. Not only do they provide cost-effective solutions, but they can also provide a lucrative side-gig for professionals in a range of fields. Moreover, they’re a must-have for legal and financial firms. Here’s an overview of the industry:
ProSapient is a SaaS platform for managing expert networks. Its platform allows companies to match experts with projects and receive transcripts of their meetings. It also enables businesses to manage their expert networks, filter messages, and collaborate internally. The company claims to serve more than 100 clients across the UK, US, and Europe, with revenue increasing by over 100% year-on-year. It recently added Michael Wroe as chairman.
A SaaS platform for managing expert networks allows companies to access expert networks without investing in costly hardware and software. The service runs on the provider’s servers, making it easy for users to access. The only requirement for SaaS users is a high-speed Internet connection. SaaS is a great choice for organizations with “work from anywhere” cultures.
There are several risks associated with using a SaaS platform. Customers should ensure that they fully understand the terms and conditions of the SaaS provider. They should also ensure that their service-level agreement (SLA) is enforced. If the provider is unable to provide an adequate level of support, it may not be reliable enough to continue using the service. Another potential concern is the security of sensitive data.
Expert networks should not be a source of shady advice. Expert network clients are not looking for yes-men. In fact, they’re looking for someone to disprove a particular thesis. Expert network clients have highly tuned B.S. detectors, and if you start spinning tales, you will lose their trust and credibility.
Innovation in the industry
In the current world of digitalization, the pace of change has accelerated dramatically. The convergence of social media, materials science, and technology has transformed industry dynamics and created an environment where consumers’ expectations for innovation are ever faster. The successful innovators of the future will be able to adapt their processes to match this new reality, allowing them to respond in real time to consumer demands.
Innovation can also come from unexpected sources. For example, the invention of a new technology may have been inspired by a problem that already existed. For instance, the Linotype machine was developed as a response to a shortage of typesetters. In 1933, banks were not purchasing new equipment, so Thomas Watson, Sr., the company’s founder and long-time CEO, sold 100 machines to libraries.
Product innovation is defined as the introduction of a new or improved good or service. The innovation can be based on improved technical specifications, materials, software, or user experience. It does not have to enhance all functions, but it should improve some of them. Sometimes, the innovation can merge an additional function with a reduction or downgrade in other specifications.
Another source of innovation is societal and economic trends. Government mandates, corporate programs, and NGO pressure have all played a role in driving innovation. In addition, companies have increasingly been accepting of other industries’ technologies, and become more adept at brainstorming new ideas. Hence, innovation is a major force in the economy.
While creativity and innovation are essential to a business’s success, the implementation of ideas is often difficult. Innovative ideas often conflict with an organization’s operational world, which reflects routine processes and results. Similarly, risk-taking is usually discouraged within the operational realm. Moreover, innovation may not be feasible without a good source of innovation.
Technological advances in manufacturing have made it possible for companies to develop new products and services. This trend has also affected the industry as a whole. Companies are now offering new, greener, and more sustainable products to consumers. Some notable examples include Spare Food Co., which converts food waste into new products, and Loomia, which integrates technology into wearable fabrics. Other notable innovations include the launch of Apple’s smartphone and the use of robots in warehouses.
