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Swif.ai

Compliance-First Device Security

Sunnyvale, CA, USA

One Liner

One Liner
Compliance-First Device Security

What Problem We are Solving

Problem
Enterprises currently face the challenge of using multiple endpoint management tools across device platforms. Additionally, these tools lack automated enrollment of devices, policies, and applications, as well as compliance automation, resulting in disjointed manual processes and an increased total cost of ownership.

About Us

About Us
At Swif, we believe today's approach to endpoint management is flawed. Device security requires more than passive measures—it needs action. We’re confident that Shadow IT can be tackled with AI and smart device management solutions. Our approach empowers anyone, even those outside of IT, to automate device management, software updates, compliance, and shadow IT, all within a single platform.

Venture Highlights

Highlights
We have a $140K ARR with 32 paid customers like TrustRadius, Patreon, Mysa, Artisan, etc. The average ACV of our top 5 customers is $12K. We have $500K ARR inbound opportunities in the pipeline from the last 4 weeks. Swif is backed by YC, Pegasus Angel Accelerator, and Jude Gomila.

Business Model

Business Model
We charge $132 per employee per year. We work with vCISO partners and GRC products like Vanta and Drata for integrations. That leads to over $500K ARR inbound opportunities in the pipeline from the last 4 weeks.

Competitive Advantage

Quote
Swif is the First Device-Centric Solution for 100% Shadow IT Coverage.

  1. Swif addresses Shadow IT at the device level, providing complete visibility.
  2. Swif monitors all access points from all types of devices giving you 100% coverage.
  3. With our browser extension and server logs, Swif can capture unauthorized software in real-time.
  4. AI software detection can prevent unauthorized use of AI tools.

Revenue

Revenue To Date
$220K
MRR
$11.7K
Revenue YTD
$140K
Burn Rate
$12K

Users

Total Users
2.5K
Total Users (Past 30 Days)
2K
Daily Active Users
2K
Monthly Active Users
2K
Total Paying Users
1.3K
MoM Growth Users
30%
Organic Traffic %
100%

Customer Costs

CAC
$2K
LTV
$30K
Churn
1%
Margins
85%

Go-To Market Strategy

Business Strategy
We leverage channel partners like vCISO, and GTC product integration, like Vanta and Drata to sell to companies between 20 and 250 employees. Some of them have 10% cash back to 20% cash back as incentives to promote Swif.

In Q4 2024, our GTM will focus on midsize customers.

Team

Angelo Huang
Angelo Huang

CEO

Competitive Analysis

Competitive Analysys
Most of our competitors focus on one device type and provide zero support for compliance requirements. Our unique advantages rely on our ability to
  • Cover 100% of devices
  • Compliance first to fulfill your compliance needs.
  • The First Device-Centric Solution for 100% Shadow IT Coverage
Competitor Website
LayerX layerxsecurity.com
Intune intune.microsoft.com
Jumpcloud jumpcloud.com

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

Loading...
Name Amount
Amount Left $2,700,000.00
Amount Raised (This Round) $300,000.00
Amount Raise To Date $2.2M
Investment Type N/A
Type of Raise SAFE
Valuation
$10M
Friends & Family
$700K
Preseed
$1.5M

TAM SAM SOM

TAM
$28B
SAM
$2.8B
SOM
$14B

Business Stage

Business Stage
Seed

Business Type

Business Types
Venture Capital Backed

Categories

SaaS
Enterprise
Cyber-Security
B2B

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Last Updated: 04/15/24