Received the following notes from friend who attend Hyderabad Emagia event on 12th Dec
Emagia – Key Notes
A new office has been opened in Hyderabad.
In terms of Agentic AI, Emagia is ahead of even Solix.
Spoke with someone who worked at HighRadius for 4 years and then joined Emagia.
Staples, Mouse, Lodge, and First Advantage are customers of Emagia.
Emagia has added many new clients in the last 12 months, with a few more in the pipeline.
Giapay is gaining good traction, and clients are happy with the service.
From a product standpoint, Emagia is at par with HighRadius.
In terms of customer experience, Emagia is much better than HighRadius.
Implementation timelines:
Around 6 weeks for small-sized businesses
Around 12 weeks for large customers
US, Japanese, and Chinese banks are customers of Emagia.
Emagia’s product is highly customizable, whereas HighRadius offers a non-customizable product with fixed pricing.
Solix – Key Scuttlebutt Notes
Followings are new client additions for Solix.
P******* Studios : Century-old global entertainment studio with annual revenue near $29 billion, spanning theatrical, TV and streaming businesses. Known for blockbuster franchises like Titanic, Transformers, Mission: Impossible
E******* Inc : Century-old North American energy infrastructure leader with annual revenue around $40 – $45 billion, operating the continent’s longest crude oil and gas pipeline network.
Spoke with not one but several Solix key guys.
Solix is currently at an inflection point.
They are not raising capital like Databricks or Snowflake, as their focus is on building a value-driven company, not just maximizing profits.
When asked about cloud renewal, they mentioned (laughingly) that it was a very intelligent question but could not comment on it.
It appears that the cloud renewal is due in the next few months.
Solix has already onboarded a few hospitals and has received positive feedback so far.
2026-27 can be one of the best years as renewal kicks in.
Reaching $1 billion in scale alone is difficult; partnering with larger players may be required.
They are not interested in acquisitions for the next 2 years, as the focus is on building and scaling independently.
There are no plans to raise funds for Technvision. Even if they do raise capital, it would be only for new product development.
The next 5 years are expected to be significantly better than the last 5 years.
The company is planning multiple events next year.
Strongly bullish on AI models for healthcare; a couple of hospitals have already been onboarded.
Currently, major part of spending goes into R&D, compared to 10–15% for larger players. All R&D spends are expensed out from PL account..
Cloud renewals will lead to a snowball and compounding effect. Solix NRR is very solid..
Solix can continue to grow through internal accruals, with no immediate funding requirement.