QueryPie

QueryPie, based in Seoul, South Korea, delivers innovative enterprise-level artificial intelligence (AI) solutions, particularly through its QueryPie AI Platform, designed to optimize AI deployment in organizations efficiently. QueryPie was founded in 2018 in Seoul, South Korea, specializing in enterprise AI solutions. The company has not undergone any major pivots or structural changes since its inception. Co-founders Benjamin Yang and Brant Hwang have experience in the technology sector, contributing to the company's vision.

QueryPie has completed 3 deals, with its most recent funding round occurring on May 27, 2024, raising USD 27. 82 mn from investors including Salesforce Ventures, Shinhan Venture Investment, and Z Venture Capital. This round marks the total amount raised by the company at USD 27. 82 mn.

QueryPie AI specializes in delivering enterprise-level artificial intelligence (AI) solutions, prominently featuring the QueryPie AIP (AI Platform). This platform offers usage-based enterprise AI that integrates seamlessly with existing infrastructures, enabling organizations to optimize AI deployment without extensive overhauls. The primary use cases for QueryPie AIP include enhancing operational efficiency, reducing costs associated with unused AI seats, and facilitating the development of custom AI agents for specific business needs. Established in 2017, QueryPie has tailored its offerings to serve a diverse range of clients, including fast-growing IT companies across North America, Europe, and Asia, who seek to harness AI without the burdens of traditional pricing models.

The QueryPie Community Edition, which is available for free, allows potential users to experience the platform's functionalities, further broadening its appeal to a larger audience. QueryPie generates revenue primarily through a usage-based pricing model associated with its AI Platform (AIP) offerings. Clients engage with the platform via a subscription framework where they are charged based on actual usage rather than a flat fee, which allows for cost-effective scalability tailored to their specific AI needs. The structure supports both B2B transactions and direct partnerships, enabling organizations to access premium LLM (Large Language Model) capabilities aligned with their operational requirements.

A combination of the pay-per-use pricing and strategic partnerships fosters a sustainable revenue stream for QueryPie, particularly as enterprises look to integrate AI solutions without incurring high upfront costs. The integration of centralized management tools within the platform enhances value for users, further solidifying QueryPie's position in the marketplace. In May 2024, QueryPie raised USD 27. 82 mn in venture funding from Shinhan Venture Investment, with participation from Salesforce Ventures and Z Venture Capital.

The company plans to utilize this funding to expand its market reach, focusing on launching new products and entering additional geographic markets. Specific details on upcoming product launches have not been disclosed, but the funding will support these initiatives as QueryPie looks to broaden its impact in the AI sector.