PMG Learning Solutions

PMG Learning Solutions

AI-powered SaaS training platform with customers such as Boeing and the U.S Air Force

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Security Type
Convertible Note
Min Investment
$100
Location
WINCHESTER, MA
Expected Close Date
April 29, 2024
Target Raise
$25.00K-$1.00M
No. Investors
77
Security Price
$1
Website
pmglearning.com
Number of Employees
14
Cash
$11,772
Revenue
$4,951,999
Short Term Debt
$2,462,081
Cost of Goods
$2,941,993
Long Term Debt
$0
Net Income
$488,645

Company Description

How often have you learned something new only to forget it almost immediately? In response to this common dilemma, PMG Learning Solutions (PMG) has carved a niche within the $100 billion U.S. corporate training market.i Specializing in custom training programs that span classroom, e-learning, and micro-learning options, PMG's approach is aimed at helping the current shift towards digitization and evolving skill requirements in the workplace.ii Leveraging over twenty years of expertise in performance consulting and learning implementation, PMG’s executives have navigated the competitive and challenging arenas of both commercial and government contracting to cater to clients like Boeing, the FDA, Medtronic, and Cerner. This achievement helps demonstrate PMG’s high level of competence but also its ability to meet the stringent requirements often associated with government contracts and high-tech industrial giants.In 2022, PMG took a significant leap forward with the launch of Hermann, an innovative Software-as-a-Service (SaaS) learning platform. Integrating artificial intelligence (AI) to incorporate spaced repetition and microlearning, Hermann is engineered to align with the accelerated adoption of digital technologies and the transformation of work environments highlighted by McKinsey’s Future of Work report. Moreover, Hermann’s adoption by organizations such as the U.S. Air Force and Edwards Lifesciences, along with generating over $600,000 in licensing and service revenues from August 2022 to November 2023, underscores PMG's role in shaping adaptable learning solutions. These solutions can be crucial in today's corporate landscape, where reskilling and flexible training methodologies are becoming the norm.iii In 2023, PMG began adding AI-powered features to the platform, the first of which are now live in the system, that are designed to allow Hermann to ingest existing training and automatically author questions and learning objectives for the platform.

Key Deal Facts

The company generated revenues of $4.95 million in 2022 from customers such as Boeing and the FDA, representing a year-over-year increase of nearly 70%, Launched a SaaS-based learning platform called Hermann in 2022 which has already gained six enterprise customers and generated revenues over $600,000 as of November 2023, PMG applied for Authorization to Operate (ATO) within the U.S. Department of Defense (DoD) network in 2023, which, if approved, could clear Hermann for installation on DoD devices, Since inception in 2014, PMG has primarily leveraged the revenue from its long-established service business to finance its day-to-day operations as well as the initial development of Hermann
Amount Raised : $22,131
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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