iLearningEngines (AILE) KeyBanc Capital Markets Technology Leadership Forum summary

Company background and growth

• Specializes in learning and process workflow automation, leveraging AI since 2011.

• Achieved commercial launch in 2016 and grew revenue from $40M in 2019 to over $420M last year.

• Founder has a background in technology investment banking and joined in 2019.

Technology and product differentiation

• Developed 40+ proprietary small language models, customized for client needs.

• Focuses on customized learning pathways for education and corporate training.

• Uses a unique data pipeline, purchasing and refreshing training data for AI, enhancing platform relevance.

• Customer engagement data further trains and customizes the AI, driving high net retention (130%+ for 4-5 years).

Market opportunity and customer base

• Targets a $300B total addressable market in the US, with rapid growth and high fragmentation.

• Major sectors: oil and gas, healthcare, insurance, and financial services.

• Key customers include Munich Re, American Hospital Association, and marine engineering firms.

• 45-50% of revenue is US-based; remainder from Asia, Middle East, and Europe.