Company Description: Amplio is a 3rd generation Ai company focused on converting wearable data into digital twins of indi...
Employees aren’t ready to go back to work
According to a Paychex survey: 40% of employees have experienced mental health, performance, and stress issues at work since the pandemic began. Employees need and want help: 60% say that mental health benefits will factor into choosing their next job and 80% of employees ages 18-39 will prioritize these benefits. Employers know the dramatic impact of mental health issues on the bottom line: approximately 40% see revenue and profitability decreasing; and ~30% see morale decreasing leading to diminished output and decreased competitiveness.
The message is clear: Employees need/want help. Employers know it impacts the bottom line but don't know how to help.
Amplio's AI technology provides the tools employer's need to get and keep employees ready
Our solution takes a holistic and personalized approach, combining physical analytics, mental factors, nutrition, and recovery. We use AI models to predict how these measurements affect performance. Our AI simulates what changes need to be made to achieve performance goals, and creates customized suggestions for the user to reach these goals. Finally, it adapts these suggestions based on their effectiveness over time.
Readiness app with a personal and aggregated organizational view
Amplio's readiness app, Omipar, displays a user's AI model, helping employees understand if they are ready and able to perform at their best. Using only personalized data, Amplio creates digital models for every individual in your team. We call these models digital twins because they represent all aspects of a user's readiness. Since the Digital Twin is only built on the employee's data, the more you use Amplio, the more accurate the Digital Twin becomes. This results in better-personalized suggestions from Amplio. We also have an organizational app that allows managers to see an aggregated view of organizational readiness and how to improve it.
Piloted by professional athletes and the military
Working with MLB players taught us what it means to be ready for every game in a 162 game season. The key to performing at the highest level in critical moments was not just physical skill but also daily routines and recovery cycles that mentally prepare you. Performing at your best means getting ready for the game.
Working with the DoD's elite cyber units taught us how to stay ready when a single error could mean putting the nation at risk. Living under such enormous stress is mentally taxing and can have a large physical impact. Staying ready means understanding your current state and knowing how to recover. This ensures that you can respond when the nation needs you.
Organizations find it hard to manage and keep key employees
According to LinkedIn, there’s a 76% chance of an employee still being at a company after 12 months. After two years, that likelihood drops to 59%; and after three years, to 48%. Employers need to reduce turnover and retain key employees. One way is to help with both their mental and physical health. Our platform allows employers to see an aggregated view of their organization, and understand how and when they can help. Employees also get the readiness app to guide them to get better. Amplio's initial customer base will be mid to large companies like technology manufacturing, highly regulated industry, high value-added service industries, and the education and health sectors.
Our SaaS model enables large enterprise sales
Amplio utilizes a B2B enterprise SaaS-based subscription service with multiple tiers that scale based on the number of factors measured and degree of tailoring the suggestions need to be. As of June 2021, we currently have 70% GM and our largest client brings in $2.1M+ in revenue. We're focused on developing proof points through our existing pilots – successful pilots will help us with customer acquisition, as well as expand our contracts with the DoD and corporate cyber teams. Our customer focus is on high-demand, high-pressure jobs where turnover is a problem. We see that in cyber, technology, financial services, energy, health care, and communications companies.
Amplio's market is at the intersection of Corporate Wellness and Learning & Development. In 2020, the Corporate Wellness sector was worth $52.9B with a CAGR of 7%, while the Learning and Development sector was valued at $357.7B (CAGR 2-3%). In total, we have a $411B+ TAM and a $41B SAM—$10B from Corporate Wellness and $30B from Learning & Development.
Amplio uses holistic data to create personalized and adaptive suggestions
Amplio is unlike other tools on the market. We understand that being ready and performing well happens when your physical, mental, and emotional health work together in harmony. Our holistic approach, which assesses all aspects of performance, helps us create personalized recommendations based on an individual's data. With this data, our AI models adapt suggestions to each user. These factors set Amplio apart from the rest.
Reaching $15M+ in 2022 revenue through Cyber teams
Amplio's immediate goal is to build on our 2020 revenue of $2.1M (3-year contract paid upfront) to reach a projected $6.6M in revenue in 2021. With your investment, we plan to expand staffing from our current 9 members to 30 members. These resources will help to finish our MVP and support expansion into the commercial cyber market.
Why Cyber? 3.5M unfilled jobs. High turnover. A Ponemon Institute report found that 65% of cyber workers consider quitting due to burnout. Our pilot with DoD elite cyber forces will demonstrate our ability to improve readiness and retain talent, which will help us expand into the commercial market and achieve $15M in revenue in 2022.
$327K raised to date
Prior to our Republic campaign, Amplio raised $327K from investors like New Dominion. We are now raising funds to support reaching our 2022 target revenue goal. Immediate areas of growth include bringing on key hires and scaling our company number to 30 employees.
The right team
Amplio has the three components required for success. First, product development experience: Trung Tran, our CEO has brought 72 products to the market worth $2.2B. The second is AI development experience: Grant Gillary, our CTO, led an $800M AI project for the DoD.
Finally, experience in human performance. On the physical side, Andy Walshe, who ran Red Bull's Performance Lab, and Chris Talley, a world-class nutritionist who works with elite athletes. On the cognitive side, Dr. Elizabeth Johnson and Dr. Michael Platt. directors of the Wharton Neuroscience Institute.