Blockit Launches with $5M Seed from Sequoia, Aims to Revolutionize Meeting Negotiation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Coinmarketcap
- Funding Background: Blockit has secured a $5 million seed funding round led by former Sequoia partner Kais Khimji, indicating strong investor confidence in its vision to eliminate meeting coordination friction through AI.
- Technological Innovation: Blockit employs advanced AI agents for meeting scheduling, capable of autonomously parsing calendars, understanding user preferences, and optimizing meeting times, significantly enhancing scheduling efficiency and addressing the repetitive communication issues of traditional methods.
- Market Positioning: Rather than being just another calendar tool, Blockit positions itself as an 'AI social network for time,' contrasting its networked agent model with the individual-centric design of existing solutions, which is expected to attract a large number of enterprise users.
- Business Model: Blockit utilizes a classic SaaS pricing strategy, charging individual users $1,000 annually and team licenses $5,000, aiming to deliver significant value to professional users through optimized time management.
Analyst Views on AI
Wall Street analysts forecast AI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AI is 30.45 USD with a low forecast of 18.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 12.620
Low
18.00
Averages
30.45
High
50.00
Current: 12.620
Low
18.00
Averages
30.45
High
50.00
About AI
C3.ai, Inc. is an enterprise artificial intelligence (AI) application software company. The Company has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type. Its C3 AI Applications, built using the C3 AI Platform, is a portfolio of pre-built, extensible, industry-specific, and application-specific software-as-a-service offerings (SaaS) Enterprise AI applications that can be rapidly installed and deployed. Its C3 Generative AI combines the utility of large language models, generative AI, reinforcement learning, natural language processing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
