Floatbot revenue hit $2M in 2023

Floatbot generates revenue from 14 customers

Floatbot

Floatbot

No. 150-HAL Old Airport Road, lombard, Illinois, 560008, United States

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How Floatbot hit $2M revenue and 14 customers in 2023.

Platform for development of AI Chatbots and Voicebot

Founded

2017

Founded

Revenue

$2M

2023 Revenue

YOY
16.61%

YOY

Funding

$0

Funding


Floatbot Revenue

In 2023, Floatbot revenue run rate hit $2M in revenue.

  • 2023

    Floatbot hit $3.4M in revenue in 2023

  • 2022

    Floatbot hit $2.9M in revenue in 2022

  • 2021

    Floatbot hit $2M in revenue in 2021

  • 2021

    Floatbot hit $2M in revenue in 2021

  • 2020

    Floatbot hit $2M in revenue in 2020

  • 2019

    Floatbot hit $1.2M in revenue in 2019

  • 2017

    Floatbot launched in 2017 with $0 revenue


Team

Floatbot has 41 total employees. They have 14 customers an engineering team of 5 and a marketing team of 2.

DISTRIBUTION QTY
Total team size
41
Engineer
5(12%)
Marketing
2(5%)

Founder / CEO

Jimmy Padia

Computer Engineering Graduate from VJTI, top 10 Indian college. Ex-General Electric IT Project leader. Graduated from GE's elite IT leadership program, IMLP. Worked across Oracle, BI, Sales, HR technologies in different business verticals of GE at India, China and USA [including Puerto Rico] A technology entrepreneur at heart, Jimmy started IT services company developing Web, Mobile and VOIP applications in 2011 under JPC Technologies. Jimmy was able to grow the company 100% YoY. Jimmy wanted to work on more innovative and challenging solutions, and thought of jumping into AI in 2017.

Q&A

What's your age?

35

Favorite online tool?

Hubspot

Favorite book?

The Discipline Entrepreneur

Favorite CEO?

CEO Whatfix

Advice for 20 year old self

Start faster


Customers

Floatbot has 14 customers.

Lifetime Months

240

x

Monthly ARPU

$11.9K

=

Lifetime Dollar

$1.7M

Acquisition Cost

-

Average Annual Price

$142.9K


Churn

Floatbot has an annual churn rate of 5%.

Gross Annual Dollar Churn

-5%

Annual Dollar Expansion

0%

Net Revenue Retention

95%


Floatbot Executives

Name Position Working Email Personal Email
Jimmy Padia CEO jimmy.padia@floatbot.ai -

Floatbot Employees

Name Position Working Email Personal Email
Jimmy Padia CEO jimmy.padia@floatbot.ai -


Frequently Asked Questions about Floatbot

When was Floatbot founded?

Floatbot was founded in 2017.

How much revenue does Floatbot generate?

Floatbot generates $2M in revenue.

Who is the CEO of Floatbot?

The CEO of Floatbot is Jimmy Padia.

How much funding does Floatbot have?

Floatbot raised $0.

How many employees does Floatbot have?

Floatbot has 41 employees.

Where is Floatbot headquarters?

Floatbot is headquartered at No. 150-HAL Old Airport Road, lombard, Illinois, 560008, United States