logo
logo

Faraday revenue is $5.6 million

Faraday team size is 63 employees


How did Latka collect this data?

Play

Latka collected this data by interviewing Faraday CEO Andy Rossmeissl on 02/13/2014

Watch the podcast
logo

Faraday

431-Pine Street Burlington, Vermont, United States

linkedinwebsite

How Faraday hit $5.6M Revenue with 60 customers in 2022.

AI platform for consumer brands

Founded

2012

Founded

Revenue

$5.6M

2022 Revenue

YOY
-----

YOY

Funding

$6.1M

Funding


Faraday Revenue

In 2022, Faraday revenue run rate hit $5.6M in revenue.

  • 2018

    Faraday hit $5.6M in revenue in 2018

  • 2012

    Faraday launched in 2012 with $0 revenue

$5.6M

Faraday Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2018 Series A

    Faraday raised a Series A of $2M

  • 2016 Venture Round

    Faraday raised a Venture Round of $2.5M

  • 2015 Venture Round

    Faraday raised a Venture Round of $750K

  • 2014 Series A

    Faraday raised a Series A of $880K

FUNDING DATEROUNDAMOUNTVALUATION
04/25/2018 Series A $2M
05/20/2016 Venture Round $2.5M
02/09/2015 Venture Round $750K
03/20/2014 Series A $880K

Team

Faraday has 63 total employees and 6 sales reps that carry a quota. They have 60 customers an engineering team of 9 and a marketing team of 1

201820192020202196▲29▲
DISTRIBUTIONQTY
Total team size
63
Engineer
9(14%)
Sales
6(10%)
Marketing
1(2%)

CEO/Founder

Andy Rossmeissl

Andy leads the company in its mission to deliver practical, powerful AI to consumer brands. A designer by training and lifelong software engineer, Andy is responsible for Faraday’s product strategy, data science organization, recruiting efforts, and corporate matters. Previously, Andy founded the celebrated sustainability startup Brighter Planet and worked in politics.

Q&A

What`s your age?

35

Favorite online tool?

Stripe

Favorite book?

A Pattern Language

Favorite CEO?

None

Advice for 20 year old self

Better at important v urgent


Customers

Faraday has 60 customers.

Lifetime Months

-

x

Monthly ARPU

$7.8K

=

Lifetime Dollar

-

Acquisition Cost

$100K

Average Annual Price

$94K

$0$94K13 month payback period024681012
$0$94K13 month payback period024681012

Churn

Faraday has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%


About Faraday

Monthly Revenue

$470K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Faraday Board of Directors

NamePosition

Faraday Executives

NamePosition
Andy Rossmeissl CEO

Faraday Employees

NamePosition
Andy Rossmeissl CEO

Frequently Asked Questions about Faraday

When was Faraday founded?

Faraday was founded in 2012.

How much revenue does Faraday generate?

Faraday generates $5.6M in revenue.

Who is the CEO of Faraday?

The CEO of Faraday is Andy Rossmeissl.

How much funding does Faraday have?

Faraday was raised $6.1M.

How many employees does Faraday have?

Faraday has raised 63 employees.

Where is Faraday headquarters?

Faraday headquater is at United States