Kevin Cornish
- Founder at Moth+Flame
GetLatka interview
How Moth+Flame Doubled Total Revenue to $5M in 2021 with $2M Recurring on Its VR Training Platform (Interview with Founder Kevin Cornish)
Kevin Cornish (Founder of Moth+Flame) spoke to Nathan Latka on December 15, 2021.
Moth+Flame figures from the interview
- Total Revenue (2021)
- $5M
- Recurring Revenue (2021)
- $2M
- Revenue Growth (2021)
- 100%
- Customers (2021)
- 15
- Total Funding
- $2.7M
“So our product, it's an immersive learning platform. So what that means is we got an off the shelf content library, we got authoring tools, and then an analytics dashboard. So our customers are everyone from CHROs, chief compliance officers, chief diversity officers, basically think anybody who's an enterprise leader who their mission is to drive behavior change across any level of workforce.”
“last year we did $2,500,000 in revenue and like $200,000 of that was recurring. This year we did $5,000,000 in revenue, $2,000,000 was recurring. And next year we see that number getting up probably towards 70% of it being recurring.”
“we bootstrapped until this year. We did a seed round this year. Big reason for that was to build out our no code builder tool. And then right now we have a bridge that's open mostly for insiders that's going to roll into a series A that we'll do in the spring.”
Bio
Moth+Flame is an award-winning developer of Virtual Reality immersive communication technology. Led by experts from immersive tech and entertainment, Moth+Flame combines artistic prowess with engineering excellence. We specialize in Natural Language Processing (NLP) software products and we’re dedicated to pioneering the next decade of virtual reality learning and communication technology for the private and public sector.