Querio

Querio

Early Stage

Self-service data analytics for everyone.

Self-service data analytics for everyone.

Overview

Raised this Round: Raised: $8,600

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/20/2024

Close Date

09/30/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Year Founded

2023

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Wimberley, Texas

Business Type

High Growth

Querio, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a self-service data analytics platform for data-driven teams. Querio helps users integrate all their data sources and churn out accurate and simple analysis quickly without the need for any codes. The company’s MVP has delivered a ten times performance improvement for early adopters and has a qualified pipeline of $800,000 ARR. Rami Abi Habib and Javier Bonilla founded Querio in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product development and running costs, market expansion, and sales.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$780

$0

COGS

$43

$0

Tax

$0

$0

 

 

Net Income

$-48,224

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$176,034

$0

Accounts Receivable

$0

$0

Total Assets

$178,465

$0

Short-Term Debt

$89

$0

Long-Term Debt

$225,000

$0

Total Liabilities

$225,089

$0

Financials as of: 05/20/2024
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Analyst Report

Synopsis

Data analytics is an essential tool for modern businesses, enabling them to make informed decisions based on data insights. However, the complexity of traditional data analytics tools often requires specialized knowledge, making it inaccessible to many teams. Querio aims to solve this problem by providing a self-service data analytics platform that is both powerful and user-friendly.

Querio's platform allows data-driven teams to integrate all their data sources and perform accurate and straightforward analyses quickly, without any need for coding. Users can ask questions in plain English through a chat interface, and Querio delivers the requested analysis in under 10 seconds. This process not only simplifies data analytics but also makes it accessible to a broader audience within an organization.

The company's MVP has shown promising results, delivering a tenfold performance improvement for early adopters. Additionally, Querio has a qualified pipeline of $800,000 in annual recurring revenue (ARR), indicating strong market interest and potential for growth. The platform's ability to provide rapid and accurate analysis makes it a valuable tool for businesses looking to leverage data without the complexity of traditional analytics tools.

Next Section: Price

Price

Querio is currently raising funds on Wefunder through a SAFE (Simple Agreement for Future Equity) with a valuation cap of $10 million and a 20% discount. Despite being in the pre-revenue phase, Querio has demonstrated some traction. The company was ranked #3 Data Analytics Product of the Year on Product Hunt, has 1,100 beta testers, and is currently running two paid pilots. Additionally, Querio has a qualified pipeline projecting $800,000 in Annual Recurring Revenue (ARR), which indicates strong potential for future revenue generation.

Given the $10 million valuation cap and the pre-revenue status, Querio's valuation is primarily based on its growth potential and market opportunity rather than current financial performance. However, the presence of notable investors like LAUNCH and Jason Calacanis adds credibility and confidence in the company's future prospects.

To achieve a 10X return for investors, Querio would need to scale significantly and capture a substantial share of the no-code AI platforms market. This would likely require successful conversion of its beta testers and pilots into paying customers, continued product development, and effective market expansion strategies.

Next Section: Market

Market

Querio operates within the market of no-code AI platforms, a sub-segment of the business services, software, and applications industry. The demand for no-code solutions is driven by the need for user-friendly tools that allow non-technical users to build applications and analyze data without extensive programming knowledge. The market is valued at approximately $4.96 billion and is expected to grow at a robust compound annual growth rate (CAGR) of 30.6%. At $4.96 billion, the market is still relatively small, but a growth rate of 30.6% annually leaves a lot of room for new entrants to capitalize on market share in the future. 

Contributing to this high growth rate are key market drivers for no-code AI platforms including the ease of use and reduced learning curve, which lower the barrier to entry for users and organizations. By eliminating the need for specialized developers, these tools also contribute to lower development costs. However, potential limitations such as restricted functionality and scalability issues must be considered, as no-code solutions may not offer the same level of customization and flexibility as traditional platforms.

Next Section: Team

Team

Querio is led by co-founders Rami Abi Habib and Javier Bonilla, who bring a combined 12 years of relevant industry experience to the company. CEO, President, and CFO, Rami Abi Habib spent five years at Amazon as a technical project manager. His technical skills and time at a large firm are instrumental in guiding Querio's strategic direction and product development. Abi Habib's participation in the On Deck accelerator program further underscores his commitment to leveraging industry best practices and networking opportunities to drive Querio's growth. COO Javier Bonilla has extensive experience on product teams at various startups based in Spain.

The small but dedicated team of two founders is supported by notable investors such as LAUNCH and Jason Calacanis, which adds credibility and financial backing to Querio's endeavors. Overall, the combined expertise and leadership of Rami Abi Habib and Javier Bonilla provide a strong foundation for Querio's mission to simplify data analytics for data-driven teams. The lean team is likely what keeps the monthly burn so low, but as the team brings the product to market, they will need to hire out in other roles, specifically sales and marketing.

Next Section: Differentiation

Differentiation

Querio offers a self-service platform that significantly simplifies the process of data integration and analysis. Unlike traditional data analytics tools that require coding skills, Querio allows users to ask questions in plain English and receive accurate analyses within seconds. This no-code approach makes data analytics accessible to a broader range of users, including those without technical expertise, thereby democratizing data-driven decision-making.

Querio's platform has already demonstrated substantial performance improvements, delivering a tenfold increase in efficiency for its early adopters. This performance boost is a critical differentiator, as it directly addresses the common pain points of speed and complexity in data analysis. The company's MVP success and a qualified pipeline of $800,000 ARR indicate strong market interest and potential for rapid growth once the product is fully launched.

That said, this is a competitive landscape with established players like Tableau and Microsoft Power BI, as well as smaller competitors such as Apteo, Datawrapper, Actiondesk, and Userpilot. Querio's value proposition lies in its user-friendly interface and rapid analysis capabilities, which many of these competitors share to some extent. Queiro, like most of the competition in the market, also plans to offer a free user tier with some limited prompts. It should also be noted that as generative AI tools like Chat-GPT continue to evolve, they may also cut into this market share. 

Next Section: Performance

Performance

Querio is in the early stages of its development, with a prototype of a self-service data analytics platform aimed at data-driven teams. The platform enables users to integrate their data sources and perform quick, accurate analyses without the need for coding. Querio's MVP has shown significant promise, delivering a tenfold performance improvement for early adopters and establishing a qualified pipeline with an annual recurring revenue (ARR) potential of $800,000.

The company has raised $225,000 in prior funding rounds and maintains a cash reserve of $139,000, with a monthly burn rate of $15,793. This financial position indicates that while Querio is managing its resources prudently and has enough runway at present to continue pushing a product to market.

Querio's product was recognized as the #3 Data Analytics Product on Product Hunt for the year. The company has 1,100 beta testers and is currently running two paid pilot programs, which could potentially convert into long-term paying customers. Despite being in the pre-revenue stage, these pilots and the existing user base demonstrate the market's interest and the platform's potential for scalability.

Overall, Querio has shown strong early indicators of success, but still needs to go live in the market and prove continued demand. The company will need to continue leveraging its early traction and secure additional funding to achieve its growth objectives and realize its market potential.

Next Section: Risk

Risk

Investing in Querio presents several risks that potential investors should consider. Firstly, Querio is in the pre-revenue stage, which means that it has yet to establish a stable revenue stream. Although the company has a working beta product, the transition from beta to a market-ready product could face unforeseen challenges that may delay revenue generation.

The competitive landscape for no-code AI platforms is intense, with established players like Tableau and Microsoft Power BI, as well as smaller competitors such as Apteo, Datawrapper, Actiondesk, and Userpilot. The presence of these competitors increases the risk associated with customer acquisition and market penetration. Querio must effectively differentiate its product to attract and retain users in this crowded space.

Next Section: Bullish Outlook

Bullish Outlook

By allowing users to integrate all their data sources and generate accurate analyses quickly and without the need for coding, Querio addresses a critical need for many businesses. This streamlined approach has already demonstrated a tenfold performance improvement for early adopters, underscoring the platform's potential to significantly enhance operational efficiency.

The company's MVP success and a qualified pipeline of $800,000 ARR indicate a strong market demand and future revenue potential. This early traction is a positive signal of Querio's ability to convert interest into tangible financial performance, providing a solid foundation for future growth.

Despite being in the early stages, Querio has already attracted notable investors such as LAUNCH and Jason Calacanis, providing additional credibility and validation. The company’s strategy to utilize funds raised through its crowdfunding campaign for product development, market expansion, and sales is a prudent approach to fuel growth and solidify its market position.

Next Section: Bearish Outlook

Bearish Outlook

Despite Querio's promising product offering, several factors contribute to a bearish outlook on the company. Firstly, Querio is still in the pilot stages and has yet to prove demand with a product live in the market. 

Moreover, Querio operates in a competitive market dominated by well-established players such as Tableau and Microsoft Power BI. Competing against such giants, along with smaller, more direct competitors like Apteo, Datawrapper, Actiondesk, and Userpilot, poses a significant challenge. The absence of patents further weakens Querio's competitive edge, making it easier for rivals to replicate or surpass their technology.

Additionally, the company's valuation of $10 million appears overly optimistic given its current financial metrics. While Querio's MVP has shown promising performance improvements, and the company has a qualified pipeline of $800,000 ARR, these potential future revenues are not guaranteed.

Next Section: Executive Summary

Executive Summary

Querio is an early-stage company in the business services, software, and applications industry, focusing on self-service data analytics. The platform allows users to integrate all their data sources and perform accurate and simple analysis quickly without needing any coding skills. This user-friendly approach aligns with current market trends favoring no-code tools that reduce development costs and shorten learning curves.

The company has shown early traction, being recognized as the #3 Data Analytics Product Hunt of the year, securing two paid pilots, and having 1,100 beta testers. Querio's MVP has reportedly delivered a tenfold performance improvement for early adopters and has a qualified pipeline of $800,000 in annual recurring revenue (ARR). These metrics indicate strong initial market interest and the potential for substantial growth.

Querio operates within the 2024 No-code AI Platforms market, a high-potential sector driven by the increasing demand for accessible and efficient data analytics solutions. However, the no-code approach does come with limitations, such as restricted functionality and scalability issues, which could pose challenges as projects grow in complexity.

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Querio on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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