Today at Dell EMC World, Circular Board unveils Alice, the first-ever artificial intelligence platform for women entrepreneurs. Developed in partnership with Dell and Pivotal, Alice is on a mission to make it possible for significantly more female founders to succeed at unprecedented levels. Women-owned businesses currently employ 7.8 million workers in the U.S. and generate $1.3 trillion in revenue overall, yet only 2% of women entrepreneurs in the U.S. have reached more than $1 million in revenues. Alice and her partners will work to flip this stat to 98%.
“Alice is a female founder’s best mentor, guide and consultant. The current startup ecosystem continues to cycle resources among a very small percentage of well-connected entrepreneurs, making it difficult for less traditional founders to navigate,” said Carolyn Rodz, founder and CEO of Circular Board. “Alice instantly filters millions of resources down to the personalised, verified content that enables founders to scale to the highest heights, no matter where they are located or who they know.”
Driven by data analytics, Alice is a virtual advisor that connects women entrepreneurs in real time with the resources needed to scale based on startup stage, location, industry, revenue and individual needs. As Alice populates, machine learning will allow her to predict founders’ needs to guide them to referrals, events, mentors and access points to capital and ecosystems.
Alice offers its users the following:
- A conversational user interface to express different areas where women entrepreneurs need help (e.g., financing, legal, marketing, technology)
- Static and machine learning based on user input
- Personalised dashboard with real-time modules based on user activity
- User profiles with data collection capabilities for personal and company demographics
- An extensive library of resources, network of global experts and leaders and events calendar
- Robust search pages with stored results that sort and filter by location, industry, annual revenue, employee count, years in business and content publication source
- Bulk and single upload of resource(s) and mentor(s) by trusted partners and the Circular Board team of experts for easy content aggregation and suggestive analytics
The relationship with Dell Technologies:
In 2016, Circular Board approached Dell with an idea to disrupt the startup world by building an entirely new ecosystem for women founders. Built on its existing commitment to support growing businesses, Dell grabbed a leadership seat at the table to lend its expertise, capital and innovative spirit to create Alice.
“Entrepreneurship is part of Dell’s DNA. We’re always looking for ways to bring entrepreneurs the best technology solutions to help empower them in the new world of digital transformation,” said Karen Quintos, EVP and Chief Customer Officer, Dell. “Through the power of the Dell Technologies network and the expertise of the Circular Board, we’re driving innovation to help women entrepreneurs take their businesses to the next level.”
Pivotal, the company accelerating digital transformation for startups and enterprises, developed and deployed Alice’s software in near record-setting time – just over three months from concept to launch. The Circular Board team successfully adopted Pivotal’s next-generation software development methodology, as well as used Pivotal’s cloud technology, to ensure machine learning capabilities allow Alice to evolve and continue to provide targeted resources and mentorship for female entrepreneurs.
“Circular Board is leading the way in helping female entrepreneurs turn ideas into fast-growing businesses,” says Rob Mee, CEO, Pivotal. “Working with us, the Circular Board team have successfully adopted Pivotal’s next-generation methods and technologies to ensure their ecosystem and platform thrives. We’re thrilled to be able to help Circular Board on this important mission.”
Alice is now available globally.