Legit SaaS Ideas Week #2 – SaaS Ideas on Legal AI, AI Security, AI Survey
Welcome Idea Hunters,
This is my second post on my weekly Legit SaaS Ideas Series.
Every week share the fresh, practical, workable SaaS ideas on my weekly series Legit SaaS ideas to help myself and fellow indie hackers discovering new SaaS ideas that work, legit and can be quickly replicated.
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SaaS Idea #1
ML Model Optimization tool
Helping Companies deploy their ML Model in optimized way, using less resources.
Problem to Solve
The market is filled with generalized AI models but in order to make actual use of AI, specifically trained models needs to be deployed and used at the backend.
The biggest bottleneck in the process of deployment of Large ML Models is their heavy dependence on resource, these large ML models consume lot of GPU resources, as a result:
Small Startups find it costly to deploy their specific ML Models
Even if a Startup is able to bear the cost , the shortage of chips are making the matter worse
The product
Optimize the deployable ML model in a way that it requires less resources so that cost of optimization becomes negligible when compared to operation costs in a long run.
Why should you care about this opportunity?
CentML, is developing tools to decrease the cost — and improve the performance — of deploying machine learning models, it produces optimized code for a variety of GPUs and reduces the memory needed to deploy models, and, as such, allows teams to deploy on smaller and cheaper GPUs, secured $27 Million funding in Seed round led by Gradient Ventures, TR Ventures, Nvidia and Microsoft Azure AI VP Misha Bilenko.
Who are the competitors ?
MosaicML (https://www.mosaicml.com/)
OctoML (https://octoml.ai/)
Are they hiring ?
Yes , they are actively hiring , visit their career page
SaaS Idea #2
Legal AI Assistant
Problem to Solve
64% of in-house counsel are already using AI for legal tasks. But the general-purpose AI tools available are not solving the problem at core. AI models trained in Legal Research, Geo Laws can help lawyers eliminate manual labor at great extent.
Legal profession, including lawyers and paralegals, spend more than 11 hours a week dealing with challenges related to document creation and management, at least six hours of which is wasted time
MetaJure Survey
The product
Specifically Trained for legal context, customized & easy to use AI assistant for legal professionals, it should also be easy to integrate with their existing system of legal institutions
Why should you care about this opportunity?
Eve, first personalized AI tool built for the legal profession that you can partner with, train, and teach, just like any other member of a team, secured $14 Million funding led by Lightspeed Ventures
Who are the competitors ?
Harvey (https://www.harvey.ai/)
Zero Systems (https://zerosystems.com/)
CoCounsel (https://casetext.com/)
SaaS Idea #3
AI Chatbot feeded with Company data without compromise on Security
Problem to Solve
Security is the prime concern in the process of adoption, in order to have a specialized or general purpose chatbot the companies are required to share their internal data with AI for training, this is where things can go south. Not every company is sure of security while sharing their internal data moreover there are also geographical compliance that are slowing down the adoption of AI.
The product
AI Chatbot where feeding of internal data is secured, and regulatory compliances are taken care of. It should have transparency on company data sharing, also the tool should be able to automatically redact, anonymize and otherwise warn when sensitive data is about to be sent off-network
Why should you care about this opportunity?
Credal.ai, that builds general knowledge or domain-specific, AI-powered chatbots for a range of use cases. It also gives enterprises a way to connect their internal data to text-generating, cloud-hosted AI models, secured $4.8 Million seed funding led by Spark Capital
Who are the competitors?
Unstructured (https://unstructured.io/)
Deasie (https://deasie.com/)
LlamaIndex (https://www.llamaindex.ai/)
SaaS Idea #4
AI Powered User Interviews/Survey tool
Problem to Solve
Business across the industry depend on survey/interviews for decision making, there are some issues with these survey/interviews
Time consuming, often done manually.
Takes lot of time to get insight out of a survey result.
Such survey/interviews are not so qualitative and reliable.
The product
AI enabled Survey/interview tool for faster decision making with following features:-
AI can add the follow-up questions based on the context. (For every question, it should be able to generates themes, tallies up counts).
AI can add the contexts to survey.
AI can Generates summary.
Why should you care about this opportunity?
Outset, that helps with qualitative interviews at the speed and scale of a survey. It helps in making better, faster decisions for business with the power of AI-moderated research, secured $3.8 Million seed funding led by Adverb Ventures with participation from Weekend Fund and Jack Altman, Sam Altman’s brother
Who are the competitors ?
No promising competitor for this specific niche
What next ?
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