Pocket's popular AI notetaker launched 8 months ago. Revenue is soaring, but can it last?
Pocket is an AI notetaker hardware startup that went through Y Combinator this year.It told Business Insider it reached a $100 million run rate eight months after launching its product.The tech graveyard is already littered with failed AI devices, but Pocket hopes it can endure.AI hardware has had more misses than hits. Pocket wants to change that.The AI notetaker hardware startup says it has reached a $100 million run rate eight months after launching.
Reported by 1 outlet — Business Insider. See all sources ↓
Pocket is an AI notetaker hardware startup that went through Y Combinator this year.It told Business Insider it reached a $100 million run rate eight months after launching its product.The tech graveyard is already littered with failed AI devices, but Pocket hopes it can endure.AI hardware has had more misses than hits. Pocket wants to change that.The AI notetaker hardware startup says it has reached a $100 million run rate eight months after launching. While the tech graveyard is already littered with failed AI devices, Pocket is betting its thin recorder, which snaps onto the back of smartphones and transcribes conversations, is not just a fad."It's only going to go up from here," cofounder and CEO Akshay Narisetti told Business Insider. "We have so much money coming in from subscriptions."Run rate is a popular way for young startups to describe growth, but it is not the same as actually generating $100 million in revenue over the previous 12 months.
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- What's the story?
- Pocket is an AI notetaker hardware startup that went through Y Combinator this year.It told Business Insider it reached a $100 million run rate eight months after launching its product.The tech graveyard is already littered with failed AI devices, but Pocket hopes it can endure.AI hardware has had more misses than hits. Pocket wants to change that.The AI notetaker hardware startup says it has reached a $100 million run rate eight months after launching.
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- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 7m ago.
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Pocket's popular AI notetaker launched 8 months ago. Revenue is soaring, but can it last?
Sources1TypeCoverageBusiness Insider