Funding

Kaito AI makes its first profit 2 years after receiving funding. Read this article for more news!

Kaito AI Makes First Profit

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Kaito AI Makes First Profit.png

 Kaito AI, a Web3-based AI search platform, reached a major milestone by reaching its first profit in June 2024. This achievement marks an important milestone for the company that previously relied on venture capital towards financial independence. 

Kaito AI received their first funding in June 2022. In 2 years, the company has achieved various achievements. In February 2023, they launched their first Minimum Viable Product (MVP), followed by a beta launch in September 2023. 

This success continued with the acquisition of the first paying customer in January 2024 and business growth of up to 6 times in February 2024. Finally, in June 2024, Kaito AI made their first profit.

Yu Hu, founder of Kaito AI, emphasized that the success of Kaito AI cannot be separated from several key factors. First, closeness to users and focus on user experience are top priorities. 

Additionally, innovation and creative thinking also play an important role, as does a company's ability to remain agile and technology-driven. Even if there are mistakes in the process, the ability to make quick adjustments and fixes helps companies move forward.

After turning a profit, Kaito AI has plans to expand its business by launching a fully automated research assistant and new crypto-native applications. This move is expected to further strengthen Kaito AI's position as a leader in Web3-based AI search.

In a highly competitive technology landscape, Kaito AI's ability to achieve profitability in a short period of time is a testament to the strength of their business model and the strategic acumen of their team. By continuing to focus on innovation and user needs, Kaito AI is ready to face future challenges and take advantage of existing opportunities in the market.

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Kaito AI Makes First Profit 2 Years After Receiving Funding!