Key facts
- Plaud is developing a new wearable device compatible with AI agents.
- The company aims for $500 million in annual sales from the new wearable.
- Plaud has sold over 2 million AI notetaker devices.
- Plaud's subscription business has achieved an annualized revenue run rate exceeding $100 million.
Plaud, a company known for its AI-powered notetakers, is venturing into new hardware with a wearable device designed for interaction with AI agents. The company has announced ambitious sales targets, aiming for $500 million in annual revenue from this new product. This move follows Plaud's success in selling over 2 million of its existing AI notetaker devices, such as the Plaud Pins and credit-card-styled gadgets. Furthermore, Plaud reported that its software subscription business has achieved an annualized revenue run rate exceeding $100 million. The company differentiates itself by focusing on real-world conversations rather than screen-based interactions, positioning its devices as interfaces for a 'post-screen world.' Plaud has also expanded its software offerings with a desktop app for online meeting notes and Plaud Teams for enterprise clients. While hardware sales are significant, a substantial portion of revenue comes from users upgrading to premium subscription plans.