System Inc. Company Profile

Background

Overview

System Inc. is a Public Benefit Corporation headquartered in New York City, specializing in software development. The company's mission is to build software that enables individuals and organizations to perceive and address challenges as interconnected systems. This approach underscores their commitment to fostering holistic solutions in the software industry.

Industry Significance

By integrating advanced technologies and emphasizing systemic thinking, System Inc. positions itself as a forward-thinking entity in the software development sector. Their focus on innovative solutions contributes to the evolution of software applications across various industries.

Key Strategic Focus

Core Objectives

System Inc. aims to develop software solutions that facilitate the understanding and resolution of complex problems through a systems-oriented perspective. This objective drives their product development and service offerings.

Areas of Specialization

The company specializes in creating AI-powered tools tailored for the health and life sciences sectors. Their flagship product, System Pro, is designed to provide researchers and healthcare professionals with trustworthy and transparent access to scientific literature.

Key Technologies Utilized

System Inc. employs a robust tech stack that includes:

• Google Analytics: For comprehensive data analysis and insights.

• InVision: To facilitate design and prototyping processes.

• Amazon CloudFront: Ensuring efficient content delivery and scalability.

• Styled-components: Enhancing the styling of React applications.

• Progressive Web Apps (PWA): Developing applications that offer a native app-like experience.

• JavaScript and TypeScript: Utilizing modern programming languages for robust application development.

• X-XSS-Protection: Implementing security measures to protect against cross-site scripting attacks.

Primary Markets Targeted

System Inc. focuses on the health and life sciences sectors, aiming to provide tools that enhance research capabilities and information retrieval for professionals in these fields.

Financials and Funding

Funding History

As of October 2024, System Inc. has raised a total of $12 million in funding. The most recent funding round occurred on June 1, 2021, amounting to $12 million.

Revenue

The company's annual revenue is reported to be approximately $1.8 million as of October 2024.

Notable Investors

System Inc. has attracted investments from several notable venture capital firms, including:

• Acrew Capital

• Alpha Wave Global

• Charge Ventures

• Lux Capital

• True Ventures

These investors have contributed to the company's growth and development initiatives.

Utilization of Capital

The capital raised has been directed towards product development, technological innovation, and expanding market reach, particularly in the health and life sciences sectors.

Pipeline Development

Key Products

• System Pro: An AI-powered search engine designed to provide researchers and healthcare professionals with reliable and transparent access to scientific literature.

Development Stages

System Pro has been launched and is currently available to users in the health and life sciences sectors.

Target Conditions

The product targets the need for efficient and trustworthy information retrieval in scientific research and healthcare, addressing challenges related to data accessibility and reliability.

Anticipated Milestones

Future developments may include expanding the capabilities of System Pro, integrating additional features, and extending its applicability to other sectors requiring advanced information retrieval solutions.

Technological Platform and Innovation

Proprietary Technologies

System Inc. has developed proprietary technologies that underpin their products, focusing on AI-driven search algorithms and data integration methodologies.

Significant Scientific Methods

The company employs advanced machine learning algorithms to enhance the accuracy and relevance of search results, ensuring that users receive the most pertinent information.

AI-Driven Capabilities

System Pro leverages artificial intelligence to synthesize and contextualize scientific literature, providing users with comprehensive insights and facilitating informed decision-making.

Leadership Team

Key Executives

• Adam Bly: Founder and Chief Executive Officer. Adam brings extensive experience in software development and a vision for integrating systemic thinking into technology solutions.

• Esther Orudiakumo: Chief of Staff to the CEO. Esther plays a pivotal role in coordinating strategic initiatives and ensuring operational efficiency.

• S. N.: Interim Chief Financial Officer. S. N. oversees the company's financial strategy and management.

Board Members

• Asad Khaliq: Board Member representing Acrew Capital.

• Joshua Wolfe: Board Member representing Lux Capital.

• Katherine Maher: Independent Board Member.

These individuals contribute diverse expertise and guidance to System Inc.'s strategic direction.

Leadership Changes

In April 2024, System Inc. expanded its Board of Directors with the appointment of Charles Ursini and Ryan Caswell as Class II and Class III directors, respectively. These additions bring valuable experience and insights to the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The software development industry is characterized by rapid technological advancements and a growing demand for innovative solutions across various sectors. The integration of AI and machine learning into software products is a significant trend, offering enhanced capabilities and efficiencies.

Competitor Analysis

System Inc. operates in a competitive landscape with several key competitors.