Hexact Company Profile

Background

Founded in 2019, Hexact is dedicated to empowering businesses of all sizes with AI-driven, cloud-based solutions. The company's mission is to make automation and data universally accessible through intuitive, no-code platforms. Hexact's vision is to develop an operating system for the cloud-powered world of tomorrow, positioning itself as an equalizer in the tech industry by providing tools that enable businesses to delegate and scale work efficiently.

Key Strategic Focus

Hexact specializes in developing no-code, point-and-click business intelligence solutions that simplify data analysis and decision-making processes. The company's core objectives include:

Automation Accessibility: Making automation and data accessible to businesses of all sizes via simple interfaces.

AI Integration: Leveraging artificial intelligence to enhance productivity and efficiency.

Scalability: Providing scalable solutions that grow with the needs of businesses.

The primary markets targeted by Hexact include small to medium-sized enterprises (SMEs) and large corporations seeking to automate repetitive tasks and improve operational efficiency.

Financials and Funding

Hexact has experienced significant growth since its inception. In 2022, the company doubled its revenue, reaching the $1 million milestone.

The company's funding history includes:

Seed Round (December 2021): Raised $300,000.

Equity Crowdfunding (May 2023): Raised $370,025 through a public offering campaign on StartEngine, becoming the first Armenian-founded company to be featured on this platform.

Notable investors include Elevation Capital (Canada), Business Angel Network of Armenia, CP3 Ventures, Crosspring, and Formula VC.

The capital raised is intended for further development of Hexact's platforms, scaling infrastructure, and expanding market reach.

Technological Platform and Innovation

Hexact's ecosystem comprises four core platforms:

Hexomatic: A no-code work automation platform that enables users to create bots to extract data from any website and leverage ready-made automations to scale operations.

Hexowatch: An AI-driven tool that monitors websites for visual, content, source code, technology, availability, or price changes.

Hexospark: An email outreach and CRM platform designed to personalize outbound emails, automate follow-ups, and nurture leads from prospect to client in one centralized platform.

Hexometer: Provides 24/7 website monitoring to detect downtime and fix page speed performance issues before they affect customers.

These platforms are distinguished by their user-friendly, no-code interfaces, allowing businesses to implement complex automation without technical expertise. Hexact's integration of AI and machine learning algorithms enhances the efficiency and effectiveness of its solutions.

Leadership Team

Hexact's leadership team comprises experienced professionals with diverse backgrounds:

Stepan Aslanyan: Co-Founder and Chief Executive Officer. Stepan has been instrumental in guiding Hexact's strategic direction and growth.

Narek Amirkhanyan: Chief Operating Officer. Narek oversees the company's daily operations and ensures alignment with strategic goals.

Vahe Sargsyan: Co-Founder and Chief Technology Officer. Vahe leads the technological development and innovation of Hexact's platforms.

Armen Avakian: Chief Business Development Officer and Board Member. Armen focuses on expanding Hexact's market presence and forging strategic partnerships.

Christopher Closset: Co-Founder and Chief Marketing Officer. Christopher drives Hexact's marketing strategies and brand positioning.

Competitor Profile

Market Insights and Dynamics

The business intelligence and automation software market is experiencing rapid growth, driven by the increasing demand for data-driven decision-making and operational efficiency. The no-code and low-code development platforms are particularly gaining traction, enabling businesses to implement solutions without extensive technical resources.

Competitor Analysis

Key competitors in the market include:

Zapier: Specializes in connecting different apps and automating workflows without coding.

Integromat: Offers advanced automation capabilities with a visual interface for designing workflows.

UiPath: Provides robotic process automation (RPA) solutions for automating repetitive tasks.

These competitors focus on various aspects of automation and integration, catering to businesses seeking to streamline operations and enhance productivity.

Strategic Collaborations and Partnerships

Hexact has established significant partnerships to bolster its technological capabilities and market reach:

Google Cloud and SADA: In November 2021, Hexact signed a three-year commitment with Google Cloud, facilitated by SADA, a premier Google Cloud partner. This collaboration aims to scale Hexact's infrastructure and support the development of its key products.

Operational Insights

Hexact's strategic considerations include:

User-Centric Design: Emphasizing intuitive, no-code interfaces to attract a broad user base.

Scalability: Ensuring platforms can scale with the growth of client businesses.

Continuous Innovation: Regularly updating platforms with new features and integrations to stay ahead of market demands.

Strategic Opportunities and Future Directions

Hexact's strategic roadmap includes:

Platform Enhancements: Introducing new features and integrations to enhance platform capabilities.

Market Expansion: Targeting new industries and geographic markets to broaden the user base.

Educational Resources: Developing tutorials and guides to empower users in maximizing platform benefits.

By leveraging its strengths in AI-driven, no-code solutions, Hexact is well-positioned to capitalize on the growing demand for accessible automation tools.