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Ocean Motion Technologies Inc.

Introduction: Ocean Motion Technologies is a visionary company that’s shaping the future of marine hydrokinetic energy. In simpler terms, they are using the power of Ocean waves to provide energy, focusing on small-scale power needs for monitoring marine environments, aquaculture, and coastal defense. Under the leadership of Jack Pan, who brings experience from NASA’s Jet Propulsion Laboratory and deep expertise in Oceanography, the company is on a mission to drive sustainability in the blue economy.

Client’s Challenge: As Ocean Motion expanded, they were dealing with enormous amounts of data from their research and operations at sea. They needed to manage this data efficiently, extract insights, and use machine learning to predict outcomes – a necessity for staying ahead in their field. However, the available solutions were either too generic or didn’t cater to the specifics of the marine energy sector.

Ocean Motion knew they needed a solution that would:

• Govern and manage their large datasets.
• Offer advanced data modeling to predict and improve operations.
• Visualize their data in an intuitive and actionable way.

Xaigi’s Role: In early 2023, Ocean Motion’s leadership identified their need for a comprehensive data management solution. Around the same time, Xaigi Technology was developing an enterprise-grade platform with capabilities in data governance, visualization, and machine learning integration.

Thanks to a mutual friend, Alex from DeepSage Inc., who was aware of both companies’ work, a connection was made between Xaigi and Ocean Motion. Jack and Alex reached out to Tarun, the founder of Xaigi, to explore whether their platform could solve Ocean Motion’s challenges.

It was a perfect fit. Xaigi stepped in to offer a tailor-made solution that addressed Ocean Motion’s exact needs.

Solution Delivered: Xaigi developed a comprehensive, customizable software platform that integrated:

• Data Governance: Ensured the integrity and quality of Ocean Motion’s vast data.
• Data Modeling: Allowed them to deploy machine learning models to predict trends and improve decision-making.
• Data Visualization: Provided clear, actionable insights through user-friendly dashboards, enabling the team to monitor their operations in real-time.

This software solution wasn’t just a one-size-fits-all product. Xaigi worked closely with Ocean Motion to ensure the platform could evolve with their growing requirements. This personalized approach was key to the success of the project.

Engagement Structure: The two companies signed a perpetual license deal, allowing Ocean Motion to own the software for life with a one-time license fee of $10K. But it didn’t stop there – Xaigi also provided ongoing services for new feature development and customizations, generating over $250K in revenue within a span of 18 months. This continuous collaboration helped both companies grow together.

Client Feedback: Jack Pan, the CEO of Ocean Motion, was deeply impressed by Xaigi’s work. He shared:

“Working with Xaigi has been an exceptional experience. They truly understood our business needs and provided a customized software solution that transformed our operations. Their team was always there to address our concerns, and the results have exceeded our expectations. I highly recommend Xaigi for their reliability and professionalism.”

Results Achieved:

• Operational Efficiency: The software platform greatly improved Ocean Motion’s ability to manage and analyze their data, leading to more efficient energy solutions and better monitoring at sea.
• Scalability: The solution was built to grow with Ocean Motion’s needs, ensuring long-term value and adaptability for future challenges.
• New Customer pilots and Capital raised: Based on the given platform Ocean Motion has acquired a couple of pilots with US Government agencies and raised capital in form of Govt grants of $2.5M by showcasing the product capabilities. There is a sure shot annual recurring revenue of more than $2M after successful completion of these pilots.
• Revenue Growth for Xaigi: This partnership not only delivered an innovative solution but also marked a significant financial milestone for Xaigi, bringing in over $250K in service revenue. In the next six months this annual revenue from Ocean MOtion will cross the mark of $400K.

Key Partnership Elements:

• Trust and Integrity: The partnership flourished due to the high integrity and strong mutual trust between leaderships of two companies. This trust laid the foundation for a productive, long-term collaboration.
• Ongoing Collaboration: The companies maintain an active relationship, with Xaigi continuously supporting Ocean Motion’s evolving requirements, ensuring that the solution remains aligned with the latest industry advancements.

The collaboration between Ocean Motion and Xaigi Technology is a testament to the power of strong partnerships. Through their combined efforts, they’ve not only solved complex data challenges but also created a platform that can support the future of sustainable marine energy. For Xaigi, this project was a stepping stone in their journey of delivering world-class AI solutions to forward-thinking industries like climate tech.

About Xaigi Technology: Xaigi Technology Inc, an AI consulting and development firm, offering tailored data science and machine learning solutions across diverse industries. Xaigi serves clients in the USA, helping them unlock the potential of AI to optimize processes and innovate in their respective fields.

About Tarun Tyagi: Tarun, the founder and CEO of Xaigi, is an expert in AI technologies, with extensive experience in machine learning, NLP, and data analytics. He has a passion for building scalable, innovative solutions that can drive real-world impact, and he has spearheaded the development of over 28 digital products across multiple industries.