Company Research Report: 10Web, Inc.

Company Overview

• Name: 10Web, Inc.

• Mission: To simplify website building & hosting through automation, enabling everyone to have an online presence and empowering businesses to prioritize growth & creativity over time-consuming manual tasks.

• Founded: 2017

• Founders: Tigran Nazaryan (Co-founder & CEO); Arto Minasyan (Co-founder)

• Key People:

• Tigran Nazaryan - Co-founder & CEO

• Arto Minasyan - Co-founder

• Headquarters: 40 E Main St, Suite 721, Newark, DE 19711, United States

• Number of Employees: Approximately 70

• Revenue: Currently generating $5 million in annual recurring revenue (ARR), expected to reach $25 million ARR by the end of next year.

• Known For: AI-driven website builder and hosting services designed to enhance and automate the creation of WordPress websites.

Products

1. AI Website Builder

• Description: Allows users to build or recreate any website using AI and generates content and images in minutes. It is customizable via the 10Web editor based on Elementor.

• Key Features:

• AI-generated content and images.

• Customization with a drag-and-drop editor.

• Seamless integration with WordPress.

2. AI Ecommerce Website Builder

• Description: Empowers businesses to build ecommerce websites quickly and efficiently using AI.

• Key Features:

• Integration with WooCommerce.

• Product page customization and product description generation through AI.

• Comprehensive inventory and order tracking.

3. Managed Hosting

• Description: Provides fast, fully managed hosting for WordPress websites powered by Google Cloud.

• Key Features:

• Real-time backups and 1-click migration.

• Robust security protocols.

4. PageSpeed Booster

• Description: Optimizes websites to achieve a 90+ PageSpeed score with improved Core Web Vitals.

• Key Features:

• Frontend optimization.

• Image optimization and enhanced loading speed.

5. AI Tools

• AI Business Name Generator: Generates captivating business names using AI.

• AI Marketing Strategy Generator: Offers strategies for exponential revenue growth through AI.

• AI Assistant SEO Pack: Enhances website SEO and readability using Yoast SEO.

Recent Developments

• Innovations: 10Web has integrated generative AI models such as Llama 2, GPT-4, and Stable Diffusion into its platform to streamline WordPress website creation.

• User Growth: Approximately 26,000 paying customers with over 1.5 million websites generated using the platform.

• Partnerships and Investments:

• Funded by notable investors, including Andrew Ng's AI Fund and Sierra Ventures.

• Product Updates: Continually automating WordPress development to enhance usability and efficiency.

Conclusion

10Web leverages the transformative power of AI to significantly reduce the time and effort required to create functional and visually appealing websites, particularly within the WordPress ecosystem. Its AI-driven approach is poised to democratize web development, making it accessible to a broader audience, from individual creators to large enterprises.