Drop Data
Date of Foundation
2024

Drop Data

AI-driven Analytical Insights Platform

The Idea origin story

My startup, Drop Data, is dedicated to designing innovative artificial intelligence technologies to aid the development and evolution of smart cities in the United States. By leveraging AI, data and insightful analytics, we aspire to enhance the lives of residents with optimized traffic patterns, improved public transportation, efficient crime management, and a revamped advertising model to meet modern city needs.

The Mission

Empowering smart city evolution in the US through AI, data-driven insights and innovative technologies for improved urban living.

Clients

Our customers are billboard operators, personal injury attorneys, auto body repair and logistics firms, P&C insurers, chiropractors & surgeons.

Problems we solve

Client’s problem

Our technology can benefit billboard operators by increasing revenues through dynamic pricing which is powered by Drop's real time analytics. We can provide personal injury attorneys with crash footage within seconds of the accident powered by Drop's A.I assisted software. We can track and check cargo for major trucking companies using our software. And much more....

Confirmation of problem

The transportation and logistics sector struggles with inefficiencies, under-utilized assets, and a lack of data-driven decision-making.

Solution

Our solution is a unique AI-driven platform that delivers real-time data and insights, fostering smarter decision-making and optimizing business performance across various industries. Our services include boosting revenue for billboard operators via dynamic pricing models, enabling quick access to accident footage for personal injury

Our technologies

This solution is based on technologies

Artificial Intelligence, Big Data Analytics, IoT Sensors, and Software Development.

How it works

We gather insights by installing our technology through the United States on major freeways, surface streets, and parking lots.

Value for the client

We provide AI-powered insights to optimize urban living and boost revenues for industries via real-time analytics, crash footage access, and cargo tracking.

Market and strategy

Market size

1000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Matt Sandvig

My key role in the product

My primary role is as a problem identifier, and I'm responsible for discovering real world issues that can be alleviated or resolved with our technology.

Team size and key members

Our robust team comprises top-notch specialists in manufacturing, software, database engineering, and optics. Additionally, we have a seasoned c-level cabinet on board.

Competitors

Competitors

While there are several players in the AI-analytics sphere, our direct competitor is Flock. Unlike them - focused on law enforcement data sale, we cater to a broader audience. Our uniqueness lies in our comprehensive service suite and customer-centric approach.

Our Advantages

Drop stands out by seamlessly processing vast amounts of unstructured data, and offering a user-friendly sector-specific interface. We deliver actionable insights, empowering every business owner to yield tangible profits.

Business model

Drop makes money by both selling subscriptions to raw data, and by selling subscriptions to our sector-specific interfaces.

Traction

Our technology has advanced significantly, turning visionary ideas into tangible, marketable products. We've expanded our operational network, employing more of our own resources and engaging in fruitful joint ventures. Additionally, we've catalyzed data sales growth from nonexistence to having numerous buyers within just six months.

We're projecting to generate approximately $20 million in annual revenues, reflecting vivid growth and steady market adoption of our product.

Metrics

We monitor fundamental metrics like the count of our equipment in the field, inclusive of organic and contractual growth. Furthermore, it's crucial for us to track unique data buyers as an index of market engagement.

We have secured our first data client with an annual revenue limit of $8M. We are strategically working to boost this cap while also pursuing additional potential clients to diversify and expand our revenue streams.

Incorporation

Our company incorporated in

Wyoming S Corp

Key risks

The primary risks for our startup include potential regulatory changes around data privacy, technological challenges in scaling the AI platform, and strong competition in the rapidly evolving smart city landscape.

Investments

$

900000

We raised investments

Our Investors

Currently, our project is backed by a diverse group of High Net Worth Investors who own 178,000 shares

Rising Investments

$

10000000

Currently, we are raising investments

$

38905000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

Growth