Case Study

Quartex AI, founded by Carl and his team from previous startups, emerged as a response to the revolutionary impact of AI technologies like ChatGPT. Quartex AI focuses on developing and integrating vertical AI solutions in the legal and educational sectors. With the AI landscape still in its infancy, Quartex AI aims to harness the untapped potential of AI in these verticals to drive productivity and innovation.

One of Quartex AI's notable success stories is Unfold Legal AI, a legal AI company that Quartex AI helped launch. Unfold Legal AI secured a $10 million pre-seed round, with Quartex AI holding a significant stake. This partnership exemplifies the rapid progress and synergy achieved by combining AI technology with vertical-specific expertise.

Product Overview: Unfold Legal AI

Unfold Legal AI revolutionizes the preparation of H1B visa applications for immigration attorneys. Tasks traditionally requiring 10-12 hours can now be completed in just 10 minutes. Key features include:

Automated Document Processing: Scans and extracts information from passports and other documents.
Efficient Documentation: Accurately documents the beneficiary's educational background.
Company Information Extraction: Retrieves company logos and introductions from websites.
Category Recommendations: Provides top recommendations for appropriate job categories based on job descriptions.
Petition Generation: Generates fully drafted petitions ready for review in minutes.

Insights and Learnings

Legal Sector

The legal industry is data-rich but lacks digitalization, making it an ideal market for AI integration. Quartex AI identified three primary needs in the legal sector: drafting, research, and due diligence review, with drafting being the most significant opportunity due to its complexity and time demands.

Through experience, Quartex AI learned that while creating AI value is straightforward, capturing it requires seamless integration and regular usage by clients. By integrating AI solutions with existing tools like INSZoom, Quartex AI ensures easier adoption and data transfer, accelerating market entry and client onboarding.

Educational Sector

Extensive background in the education sector, with roles at companies like Coursera and IngoAce, positions Quartex AI to develop impactful AI solutions for education. The company continues to build domain-specific knowledge, striving to create the best AI products for both the legal and educational sectors.

Investment Proposition

Quartex AI is seeking investment to further develop its incubator. Key reasons to invest include:

Revenue Generation: The company has already achieved an annual recurring revenue (ARR) of $276,000 from R&D contributions to portfolio companies.
Vertical Expertise: Each project enhances Quartex AI's distribution know-how and insights within the legal and educational verticals, strengthening its market position.
Cutting-Edge AI Research: Quartex AI is committed to staying at the forefront of AI and generative AI advancements, with a dedicated researcher focused on the latest technologies.

Team and Expertise

Quartex AI boasts a veteran tech team with extensive experience and media recognition. The team's previous AI product, Ace Chat, an AI teacher, garnered attention from PR Newswire, showcasing their capability to develop impactful AI solutions. This seasoned team brings a wealth of knowledge in both AI technology and the intricacies of the legal and educational sectors.

Carl Wu

Founder

Conclusion

Quartex AI is building a premier vertical AI incubator, transforming the legal and educational sectors through innovative AI integration. Leveraging deep industry expertise, a seasoned team, and a strategic business model, Quartex AI is poised to drive significant advancements in these verticals. Investors are invited to join this journey and capitalize on the transformative potential of vertical AI solutions.