Knowledge users, which pretty much describes almost all of us
today, easily spend more than a quarter of our time copy pasting data and doing
repetitive tasks. It's an enormous market opportunity that many vendors have
tried to conquer. According to the Business Research Company, the global business
process automation market size is projected to grow from $12.4 billion in 2022
to $14.02 billion in 2023, an eye-watering compound annual growth rate (CAGR)
of 13.1%. But mostly Fortune 500-size enterprises have the skills and people
trained properly to use current tools. Clever people with technical chops like
engineers can turn to complex solutions like Zapier, a fast-growing private
startup reported to be valued at more than $5 billion.
Artificial intelligence
(AI) is supposed to help us change all this. Enter AI startup Bardeen.ai and its co-founder and CEO Pascal Weinberger.
Weinberger and his Bardeen team recently released its first product suite after a beta period
that saw the number of daily average users leap from 0 to more than 120,000 in
months. VMblog spoke to Weinberger about Bardeen (which raised its most recent funding round of $15.3 million in June last year) and
how it plans to compete against legacy vendors and unicorn startups like
Zapier.
VMblog: What is your "secret sauce" in this red-hot
market now that AI is overwhelming almost every industry?
Pascal Weinberger: Because these
tools have been so hard to use - think sales automation tools two decades ago
before Salesforce massively disrupted that historic shelfware market. It begs
the question of what value do people get from tools so complex and user
unfriendly that no one actually wants to use them? You get single percentile
market adoption it turns out. We change that fundamentally. Our solution was
designed AI-first and we focused maniacally on the UX so people WANT to use us.
Because we make it easy and accessible, people finally realize the payoff of
workplace automation. Suddenly they have a lot more free time to focus on more
valuable work! Meanwhile the processes that they automated are probably better
than when they were done manually. And it keeps getting better. Since our AI is
embedded in the processes they improve through each iteration or use.
VMblog: Surely the incumbent workplace automation vendors
are also racing to embrace AI?
Weinberger: I would
humbly suggest that if you are bolting AI onto legacy solutions then your users
will quickly figure that out and likely go elsewhere. Given the unprecedented
adoption and rapid innovation cycles in AI today, what company wants to compete
with AI-first companies? We designed our solution AI first with simple point
and click functionality and hundreds of off-the-shelf already-made templates to
get you riding the AI automation wave right away. Not to pick on a popular
company like Zapier, a powerful and smart competitor who entered this market
about ten years ago and may be the most formidable incumbent, but using their
tool requires a lot of manual work and some technical knowledge to correctly
set up their "Zaps." Their users who have migrated to Bardeen tell us about
issues around execution errors caused by incorrect settings, missing fields, or
issues with the APIs of the apps being used. And the eternal trap for anyone
working with varied data sources: Zapier relies on consistent formatting of
data between the different apps it integrates with. Inconsistent or incorrect
formatting can cause errors, lost data or data not transferred correctly. And
sometimes those very same apps may only offer limited capabilities or restrict
what data is shared via their APIs. Now the poor user has to find workarounds
or switch from the apps they prefer using to get their Zaps to run properly.
That's putting the cart before the horse.
VMblog: So in the end
what makes you better than the other workplace automation solutions?Weinberger: As I said
above, while AI is embedded throughout our solution to keep making you
continuously smarter in your workflows and the UX is unmatched for user
friendliness and hence adoption, we're just smoking fast! We run in your
browser. That has all kinds of critical security, performance and no IP-leakage
mitigation impacts. All of them beneficial to our users. It's also a lot
cheaper to run so our pricing is very flexible compared to our competitors
today. A future version will be offered in the cloud for those who need that
capability. And if you are a knowledge working running most of your apps and
services on what I jokingly call the "hipster stack," then Bardeen is a dream
for you. Let's say you have a call tomorrow scheduled on your Google Calendar
but you don't know the person yet. You can automate that research workflow for
this call and all future calls with anyone not in your contacts list on Google.
You simply point and click a sequence like this:
1. Find meeting participant's
key information before all Google Calendar events;
2. Copy Crunchbase company
data to Coda;
3. Get all Pipedrive contacts from an email thread;
4. Get social
profiles of all participants in a meeting.
That probably just saved at least 15
minutes for one Zoom conference call, right? Guess what? You just saved 15
minutes on all future Zoom conference calls that fit this profile too. Our web
site has many example use cases you can explore at your leisure here: https://www.bardeen.ai/use-cases . We're digging workplace automation out of its ditch to enable
automating automations via generative AI (more on this here:
https://www.bardeen.ai/ai).
##