DUKE-AI, Inc
AI Powered Freight Payment Agent - Eliminating Man
Model
AI Solution
Industry
Transportation
Stage
Revenue
Location
Dallas, TX
VentureGrade℠
85
out of 100
DUKE.ai Delivers Fast, Secure and Low Cost Payment Processing for the Freight Industry.
Elevator Pitch
The freight industry is stuck in the previous century, with over $114B wasted on payment processing due to human labor, errors and fraud. DUKE.ai is the freight industry only fully automated invoice validation software (think Stripe/Visa), allowing Factors, Brokers and Carriers to automate invoicing, audit and payments from 30 minutes (at a cost of $20) per invoice to a few seconds (at a cost of $3).
Revenue Model
We deploy DUKE.ai AI Agents, License DUKE.ai APIs, and host custom DUKE.a LLMs on customer’s premise. We charge a monthly SaaS is based on load volume tiers (average charge per load is $3)
There are over 3.8B shipments completed annually.
Startup Journey
Vish and I initially focused primarily on implementing AI to automate bookkeeping for small to medium size trucking companies. After early customer feedback, we learned cash flow was hindering business stability. Therefore, we enhanced DUKE’s A.I. capabilities to process documents on behalf of the enterprises who pay carriers, thereby spending up the payment process, while also lowering costs and effort to process payments.
Developing foundation AI requires significant capital. Despite this limitation we built a LLM and cloud architecture to achieve product market fit. This required cleverness, to obtain data sets required to train the LLM, while also devising a crowd sourcing development team to build the software.
This vision and effort resulted in generating over $1.8M in revenue, solidifying product market fit.
Go-To-Market Plan
We frequently demonstrate DUKE.ai products to over 20,000 freight brokers, 200 Banks and 100,000 trucking companies using a variety of channels. These channels include a community of truckers via instagram, providing educational content and social gatherings throughout US. I intend to leverage our strong network and influence within freight.
Potential Exit
The profile of DUKE.ai’s acquirer would be a payment platform (Stripe/Visa, Trax Technologies), agnostic to any single bank. The acquirer would sell the vision of onboarding all the parties in freight to adopt the DUKE.ai technology to remove the payment friction prevalent today.
VentureGrade℠
Pitch Deck
Pitch Video
