A public launch of the Digital Human platform is edging closer with artificial intelligence company UNITH (ASX: UNT) rolling out a major website upgrade, designed for integration of their platform that will make AI-powered digital humans accessible to all business owners.
The recent unveiling of unith.ai demonstrates a range of embedded digital humans that showcase what will be possible for customers to do themselves when the Digital Human platform is launched publicly. At present, the platform has been soft launched to a select number of clients with their digital human use cases being demonstrated on the new-look UNITH website. As more prospective customers visit the new website, they also have the option to register their interest in the platform, potentially securing early access.
“We are excited to give the UNITH website a much needed facelift as part of our commercial strategy which will enable us to best showcase the power of digital humans to the world, while already generating a fresh pipeline of customer leads,” said UNITH CEO, Idan Schmorak.
“The new website will be the gateway for new users to engage with the Digital Human platform and these upgrades enable the best presentation of our Customer Panel.”
Beyond customers being invited to generate digital humans through the UNITH website, users will also be able to access the platform through WordPress and Shopify plugins, substantially increasing the reach of the platform upon launch.
The cornerstone of UNITH’s tech lies in its ambition to democratise access to digital human technology. Through the Digital Human platform, any business owner can effortlessly generate a digital human capable of working 24/7, proficiently conversing in over 60 languages and powered by AI. The platform promises to revolutionise customer engagement and information delivery across industries, transcending linguistic barriers and geographical constraints.
Those currently using the platform are generating feedback and analytics for UNITH, including businesses applying their digital humans for eCommerce, human resources, marketing, travel and customer support.
Based on feedback generated, Schmorak has flagged plans to add more launch features than originally planned, a move that he anticipates will consolidate customer retention once users try the free product with options to access more capabilities through premium subscriptions.
“Having successfully raised $4.6 million in Q3 FY24 towards commercialising the Digital Human platform, we now have the flexibility to increase marketing spend for the platform when the time is right,” added Schmorak.
“We also have the capacity to add more features to the platform for its launch based on the feedback received, for an enhanced product at launch which will assist with customer retention.”
That $4.6 million capital raise included an Entitlement Offer to existing shareholders that was heavily oversubscribed, as shareholders sought to increase their exposure in UNITH before the public launch of the Digital Human platform scheduled for later in the year.
Following that $4.6 million cash injection, UNITH also confirmed the appointment of former Microsoft executive Gary Cox to their Board of Directors.
Showcasing the transformative potential of digital humans, UNITH’s commercial team has been engaging with prospective clients and partners at industry events worldwide. Demonstrations at global conferences such as Telemedia 8.1Live, Mobile World, and the Chatbot Summit have garnered significant interest and laid groundwork for UNITH’s customer acquisition strategy.
As per their latest 2024 Roadmap update, UNITH is set to unveil their pricing structure in the September 2024 quarter which would signal the launch of premium features, as the upgrade to their the freemium product where users gain basic level access at no cost.
For the quarter ended 31 March 2024, UNITH reported operating cash outflows of $300k which was a 63% improvement on the previous quarter, while maintaining $4.8 million of cash on hand.
Mitch Korver is a Business Writer focused on high-growth companies listed on the ASX in the small and medium cap space.
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