London, England, United Kingdom
WeSoar is a conversational AI platform focused on performance management and employee engagement, founded in early 2020 and headquartered across London, Dubai, and Indore, India. Nisheeth Pathak, the CEO, launched the company after a career spanning roughly two decades, seventeen of which were in senior HR roles, with the goal of applying AI to break what he describes as the status quo in enterprise HR.
As of May 2022, WeSoar had 11 paying customers and was generating approximately $15,000 per month in consulting revenue alongside roughly $1,000 per month in SaaS subscription revenue, for an ARR of about $15,000 on the subscription side. The company closed a $205,000 angel round at a $10 million pre-money valuation, selling only 2.6 percent equity, while founders collectively contributed $310,000 of their own capital.
The company operates a team of 11 full-time employees, seven of whom are engineers based in Indore, India, and is burning approximately $25,000 per month. WeSoar is pursuing an enterprise go-to-market strategy through a partner network that includes Microsoft, Oracle, PwC, and others, rather than selling directly to small and mid-sized businesses.