6pillars.ai
About 6pillars.ai
6pillars.ai is an AI-powered cloud compliance automation platform. It allows companies to fix their AWS misconfigurations in real-time, using pipeline copilots and continuous-compliance automation.
With the largest library of non-disruptive auto-remediations, 6pillars eliminates the noise of existing security tools, frees up cloud team resources and offers unique AI-powered NLP to allow customers to request any custom automation action.
What is the company focused on now?
We’re now scaling out our business to more customers across the globe and working on optimising our revenue model.
We’re also improving our AI models and automation tools so that our product continually improves.
Why did you seek an R&D Loan? What did it help you achieve?
Significant investment into the development and testing of our AI and automation models is an ongoing theme. While the business is established and largely supported by cashflow from revenues, minimal capital is left available to support this ongoing investment into R&D.
Halfway through the financial year, a material amount of our expenses was refundable under the RDTI program, so we’d accrued a sizeable refund. The problem was that we wouldn’t have been available to access that refund until we lodged our tax return after the end of that financial year, which we expected we’d do at least 9 months later.
We went to Kashcade to unlock that refund then so we could maximise our reinvestment into our technology.
By advancing our R&D refund part-way through the year, we didn’t need to wait over 9 months to get it back from the ATO. This freed up capital to be able to keep running the business and investing in R&D in the meantime.
What’s more, we were able to go back to Kashcade for more funding as we accrued more of a refund, which meant we had a source of cash we could rely on throughout the year.
What was your experience like with Kashcade?
With a lean team, management’s time is precious. We don’t have the time to spend on lengthy applications or waiting around for answers. Kashcade was able to give us comfort and provide funding extremely quickly and without taking up much of our time at all.
Topping up our funding later also became a source of cash we could continually access quickly and with confidence. Importantly, these funds didn’t dilute our shareholding and didn’t require monthly repayments. We knew that once our RDTI refund was paid out, it would cover the funds we owed to Kashcade, and we’d even get back an additional amount.
Kashcade’s R&D Loan was an ideal cashflow solution we really didn’t have to worry or think too much about. It was perfect for our business.
The difference between Kashcade and other lenders was stark – they were fast, efficient, knowledgeable and turned it around in days rather than the weeks we had experienced with other lenders. Finally, their dashboard adds valuable insight for both management and investors alike.
L. Modesto, Founder & CEO