Xena Vision Revenue & Funding (2024)

Xena Vision had five proof-of-concept deployments running as of October 2021 and had not yet generated revenue. POC customers included one airport, a municipality in Bursa, Turkey, serving a population of approximately 3 million, a sports-accident-recognition deployment in China for a leisure-access company, and flying-car company Airspeeder, which had been running its POC for approximately two months at the time of the interview.

Temur said she planned to convert at least one POC to a paying contract before the end of 2021. The planned pricing model charges $1,000 per camera per month. Across all five POC deployments, Temur estimated a total of roughly 20 cameras in use, with four cameras deployed at the Bursa municipality intersection site. No free tier was described; the five POC engagements are pre-commercial pilots, not a formal free product.

Xena Vision plans to monetize through a usage-based subscription model priced at $1,000 per camera per month. Temur noted that enterprise customers are unlikely to deploy large camera counts immediately and will scale gradually, which means contract values are expected to grow over time as deployments expand.

The company was pre-revenue at the time of the interview. Temur acknowledged the company may be slower to generate revenue than a typical software startup because each customer requires a POC phase to validate the AI on that customer's specific data before a commercial contract can be signed. Profitability, gross margin, churn, LTV, CAC, and burn rate beyond the $20,000 total spend figure were not discussed in the interview.

Of the $140,000 raised, $20,000 was spent over roughly two years (2019 through mid-2021), reflecting a very low cash burn. The remaining $120,000 in the bank represents the company's current runway. Cost is kept low through partnerships with universities, whose final-year students and recent graduates work for Turkish-lira-denominated salaries that Temur described as modest in dollar terms, and through in-kind support from B2B partners who provide office space and equipment.

Xena Vision had nine team members as of October 2021. The team is composed primarily of final-year university students and recent graduates who work for Turkish-lira salaries that Temur described as low in dollar terms. The company also relies on B2B corporate partners who provide office space and equipment in lieu of cash payments, reducing overall headcount costs. Team composition beyond headcount was not detailed in the interview.