$1.5M Seed Round to Automate Sales Prospect Meeting Notes and Action Items

In this episode of The SaaS CFO Podcast, our host Ben welcomes Eric Xiao, founder and CEO of Laxis, to share insights about his background and the innovative AI copilot service provided by Laxis. Eric discusses his extensive experience in the software industry, including his transition from a venture investor to founding Laxis in 2020.

He explains how Laxis offers AI-powered meeting note-taking, automatic email generation, CRM integration, and a chatbot for sales teams. Eric emphasizes that Laxis targets small to medium-sized businesses due to its affordability and essential functionality for automating sales processes. The conversation delves into Laxis' pricing model, market strategy, and the remote work dynamics of the Laxis team. Eric also provides valuable insights into his recent fundraising journey, the challenges faced during the capital raising process, and the shifting landscape of investor expectations for early-stage startups.

Lastly, he shares a glimpse into the future of Laxis, highlighting the development of an AI agent. Tune in to discover more about Eric's journey with Laxis and the exciting developments on the horizon for this innovative AI-powered solution.

Show Notes:

00:00 Fifteen years in software industry, including MBA.

04:09 Lexus software offers essential sales functionality, affordable.

09:40 Challenging year for oil entrepreneurs, strong growth.

12:21 SaaS fundraising expectations and standards are shifting.

13:39 Emphasizing user acquisition and retention for Laxis.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/laxis-raises-1-5-million-in-seed-round

Eric Xiao’s LinkedIn: https://www.linkedin.com/in/shuai-xiao/

Laxis’ LinkedIn: https://www.linkedin.com/company/laxis-tech/

Laxis’ Website: https://www.laxis.com/

Eric Xiao’s Email: eric at laxis.tech