Today on the podcast, I want to talk about a startup that just raised a $10 million pre -seed, which is called Julius.
It's basically an AI data analyst. And the thing that I think is really interesting here that I think is going to be exciting for the whole industry is just how much controversy and, I guess, pushback this company had at the beginning when they were first getting started.
Because basically, they're a data analyst. They do something that ChatGPT has built in.
And anytime that ChatGPT or any of these foundational models, they roll out a new feature your set, right?
Like, you know, voice or they have kind of the agents built into ChatGPT.
People say, oh my gosh, the agents built into ChatGPT just killed 400 AI startups.
But at the end of the day, it doesn't actually have to kill startups.
And so today on the podcast, I want to be breaking down what happens in an industry when you still focus on a small vertical like this, what basically the outcome has been for Julius and where I think this is going to go in the future.
Before we get into that, I wanted to mention if you've ever wanted to try any of the top models that I mentioned on this podcast, I'd love for you to check out AI box .ai, which is my very own startup, which is currently in beta on the platform.
One of the things I love, you basically get access to the top 40 AI models all for 20 bucks a month.
So you don't have to have $20 subscriptions to everything.
But we have a section in there, which is basically the benchmarks, it shows you the price per AI model, compared to using it against other AI models, and also the quality, which one has the best score basically on the benchmark.
So if you go over to something like sonnet 3 .7, you can see basically how much it costs in comparison to other models.
It's kind of up there because it's their top model, but you can also see that it is the highest score next to a lot of others.
But you might be surprised that the QEN 2 .5 model isn't actually super far behind based off of benchmark scores at 77.
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All right, let's get into what's going on with this AI startup, Julius.
So just raised $10 million dollars in a pre -seed like i mentioned what's interesting is their ceo is like sort of low -key famous you probably you you may remember him uh he had a viral prank back in the day with um when elon bought x him and his buddy pretended to be fired x workers and they went outside with their boxes and gave all these like press interviews about how elon was firing them for these ridiculous reasons and all these crazy things elon was doing and it's kind of this like viral moment and of course they were just like random people that just showed up at the twitter headquarters
the day Elon was taking over and just had like boxes.
And so it was kind of funny.
So he went viral for that.
But he's also an actual founder who was starting an actual company.
So what's interesting is this $10 million round, it's a whole bunch of really big VCs that are backing this.
So it's not random people.
It's Bessemer Ventures is leading the round.
Horizon Verizon VC, 8VC, Y Combinator, of course, the CEO of Vercel, which is Guillaume Rauch, the Twilio co -founder, Jeff Lawson, the CEO of Perplexity, Arvind Srinivas.
So a whole bunch of high -profile players.
And what's interesting is a lot of people, I think they kind of laughed at this company saying, like, look, your company is going to be completely killed by the latest updates of, you know, better and better models from chat GPT because you're, you know, a data analyst, well, chat GPT can analyze data too.
And it can make you graphs that can kind of do everything that you guys are doing.
So why are you special?
Now, you're just a wraparound chat GPT, they're going to roll over you, like, what, how could you compete?
Why are you special?
And I think this is a really important question that a lot of AI companies are getting asked right now.
But I think that the ability to go deep on one specific topic, and one specific dimension, one specific industry or niche, is so valuable that these big foundational models will never be able to get every single feature set and tool that a person in any specific industry would need.
They can generally make tools that are really useful for everyone.
But when it comes to, you know, every little thing that a welder needs to do and every, you know, maybe software or use case that he could think of, you just want like a welder specific software tool or a salesperson person -specific software tool instead of just relying on ChatGP for anything.
So in any case, what are they doing?
And their founder is Raul Sunwalker.
He actually launched the company back in 2022.
He went to Y Combinator for it.
But what's interesting is it was originally a logistics startup and they pivoted away from that.
Again, I'm a big fan of the pivot.
If your company isn't working, don't scrap it.
You built a lot just to find new ways to grow and come up with different different concepts.
It was basically designed to act like a data scientist. It analyzed and then visualized datasets and it performed predictive modeling.
It was basically running from ChatGPT and Claude and Gemini, which is interesting.
I love the ability to swap between the three models because there's always a new, there's whatever the model that came up most recently is always the best. So if you always want the best, if you just use ChatGPT for everything, well, when models come out that are better, you're going to be stuck with something that's it's not the best. Whereas if you have one of these platforms that just allows you to switch to the best model, honestly, I think there's like huge value in startups that are doing that.
The competition from the top models makes startups more viable in my opinion.
But basically, they carved out their own niche and they said that they have about 2 million users and they have more than 10 million visualizations, data visualizations that have been generated.
So this is something that's very popular.
A lot of people are using it.
They said, quote, the easiest way to use Julius is to just talk to it.
You can talk to AI like you would would talk to an analyst on your team.
And the AI, like a human would go run the code and do the analysis for you, right?
So you kind of have to know what you're asking for.
But I think they help with a lot of the tools that make that easier than just straight using chat GPT.
Something that you could like possibly ask it would be can you you know, visualize how revenue and net income correlates in different industries in China versus the US, and we'll be able to come up with something for you to visualize that.
What's interesting is last year, a professor at Harvard Business School, Ivan Bojuvenov, he was really impressed.
He actually saw it.
And he asked them to modify it to be specifically for Harvard's new required course, which is called Data Science and AI for Leaders.
So it's kind of interesting.
I think those kinds of projects help a product along immensely, right?
If someone's like, you know, we have this specific use case.
In this case, it's literally a class for data science and AI and leaders.
So they have a very very specific like data science class.
And they're like, we need it to be able to do all of these things.
And so what's cool is when you partner with academic institutions or businesses, you could also do this with like a business partnership.
And they tell you the features that specifically they need in order to accomplish the task.
You're making your product so much better.
So I think this was a kind of a good collaboration they did with Harvard. And I think it helped out the product a lot.
So one thing that Son Walker said about this, he said, people told us you're not going to succeed basically because ChatshipG is building this.
What we found was that being focused on a use case is really important.
So of course, he kind of got a little notoriety from his viral prank back in the day, but he turned this into a real company, really focused on a use case.
And so I think that overall, this is a really interesting company and a huge congratulations to the whole team on raising $10 million pre -seed round.
I'm excited and curious to follow along on the company to see how it grows from here because it's, you know, it's reached a decent amount of growth with, you know, 2 million users, but I'd be curious to see how they scale beyond this.
All right. Thank you so much for tuning to the podcast. I hope this was interesting and kind of got your mind thinking a little bit about how companies can be super viable today.
Then if, you know, they're quote unquote AI, you know, a GPT wrapper by going really deep on a specific industry and solving a problem for a specific user, user base and user set.
If you learned anything new, I would love a rating and review on the podcast. it really helps it to be shown to new people.
So that helps me out a ton.
I'd really appreciate it.
And also go check out AI box .ai if you want to test out all of the latest AI models on one platform for one price, you don't have to pay $20 subscriptions to 100 different platforms, just go check out AI box .ai.
And I hope you have a fantastic rest of your day.
