It’s really hard to close a sale. That’s why more than 50% of sales reps miss their quotas, according to Forbes. The problem is traditional sales training is inadequate — in fact, a survey by Training Industry showed that one in four sales reps believes their training is ineffective.
Traditional training just can’t provide what sales reps actually need: real-time, personalized, on-the-call coaching.
What if you knew exactly what your prospects and customers were feeling? What if every member of your team could read the emotional and conversational cues of the client like a book? That’s why we’re building ChipBrain.
Effective communicators close more deals. Our emotionally intelligent AI assistant aims to support sales professionals by providing real-time feedback on the emotional response of the client to their messaging, pinpointing key turning points in the conversation when they were particularly effective or ineffective. Over time, our adaptive intelligence platform may allow us to deliver tailored recommendations specific to the client, the company, and the representative.
We believe that artificial intelligence can teach people to be more emotionally intelligent, more persuasive, and ultimately more effective in conversation and negotiation. We imagine a world in which our AI can help any human in any company—in any market—sell anything.
ChipBrain empowers sales teams to become better communicators. Our technology may enable users to:
- Receive emotional analysis and forecasting
- Identify key turning points in conversations - phrases that lead to successful closing, upselling, and rapport-building with customers
- Predict the likelihood of success throughout the conversation
- Improve soft skills communications training and learn from your top performers - ChipBrain identifies the best response in a situation and propagates that knowledge to the rest of your team, automatically.
- Easily view customer insights in a central dashboard
- Get personalized feedback - reveal key turning points in sales calls: a subtle shift in the client’s tone of voice or an approving head nod.
Our product plans to combine supervised and unsupervised machine learning techniques to provide real-time emotion, tone, and facial expression feedback in live conversations across all modalities of digital communication: text, voice, and video—taking the guesswork out of identifying conversational cues, and enabling sales professionals to see at a glance how they are coming across to customers. Our AI assistant also plans to leverage information about the unique strengths and weaknesses of the individual salesperson to make suggestions about what to say, when to say it, and how to say it in order to close a deal.
Our product plans to supply performance reports for each salesperson, including comparisons of their performance to optimal benchmarks set by learning from top performers and specific examples of their previous text, speech, or expressions that led to customer conversion.
ChipBrain’s product comes at a time when more sales teams are going virtual and embracing AI in an already robust sales software market. In fact, MarketsandMarkets Research predicts that the $1.1 billion sales enablement software market may grow at an almost 20% CAGR over the next four years. At the same time, McKinsey estimates that AI technology could generate an additional $2.6 trillion in revenues.
Meanwhile, the use of digital communication in sales has steadily increased, according to Salesforce, with 60% of sales reps reporting that they’ve increased the amount of time spent virtually connecting with customers.
ChipBrain is a B2B software-as-a-service (SaaS) company. The company distributes its product as a standalone product and as an add-on to existing CRMs via key partnerships.
We plan to generate revenues through the following avenues:
- Negotiating custom contracts with new customers
- Self-serve subscription model
While entire industries are being transformed by artificial intelligence, the sales profession—which largely relies on intuition, personality, and generalized best practices—remains insulated. ChipBrain’s team is prepared and well-equipped to integrate AI into the sales industry.
ChipBrain is led by MIT, Harvard and London School of Economics graduates, highly experienced in artificial intelligence, software engineering, and sales management.
Use of Proceeds
If the offering's maximum amount of $2,000,019 is raised:
|Use||Value||% of Proceeds|
|Engineering & Development||$1,396,199||69.8%|
This is an offering of Class A Common Stock, under registration exemption 4(a)(6), in ChipBrain, Inc.. This offering must raise at least $10,000 by February 13, 2023 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. ChipBrain may issue additional securities to raise up to $2,000,019, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
These financial statements have been audited by an independent Certified Public Accountant.
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
- Dec 5, 2022
- Nov 19, 2022Hi Netcapital investors of Chipbrain! It's Lisa...
Hi Netcapital investors of Chipbrain! It’s Lisa - one of Chipbrain’s founders. We are hosting a joint demo party in December with a fellow startup from Netcapital’s ecosystem, GenesisAI! The virtual demo party will be on Thursday Dec 8 at 9am PT / 12pm ET. During this event, Chipbrain will give important investor updates on our sales/go-to-market efforts, as well as give a detailed demo of one of our beta client accounts. Please join us before the holidays! You can add the event to your calendar now by clicking on the link.
I hope to see many of you there! LisaAdd the event to your calendar now
- Nov 4, 2022CHIPBRAIN DEMO UPDATE! Tuesday, Nov 8, 2pm...
CHIPBRAIN DEMO UPDATE!
Tuesday, Nov 8, 2pm EST
Join the founder and leaders of ChipBrain for a demo of new product features developed over the last year. Learn more about upcoming plans and chat with other investors!
Sign up to receive the invite HERE
We can’t wait to see you there!Sign up to receive the invite HERE
- Oct 3, 2022Primary offering of $4.74shares at
- Oct 3, 2022
- Oct 3, 2022
- Oct 3, 2022
- Sep 30, 2022
- May 1, 2021Primary offering finalized, sellingsharesSold $2.40 for a total of $716,664shares at
- Jan 19, 2021Primary offering of $2.40shares at
- Oct 27, 2020Primary offering finalized, sellingsharesSold $0.93 for a total of $243,714.87shares at
- Sep 24, 2020Thank you to our 100+ investors who have joined...
Thank you to our 100+ investors who have joined ChipBrain’s journey in less than a month since our offering went live! Interest in our product from customers has been overwhelming - it’s clear that ChipBrain will make a huge difference in this evolving, remote-work world. Onward and upward!
- Aug 26, 2020Primary offering of $0.93shares at
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