Beulr Shark Tank Update | Beulr Net Worth

Beulr, the brainchild of Peter Solimine, introduced in episode 05 of season 13 of Shark Tank, offers a groundbreaking solution for remote attendance in Zoom meetings.

The app allows users to employ bots to represent them in meetings, granting the flexibility to skip or reschedule engagements as needed.

Users can seamlessly schedule meetings within the app and authorize Beulr’s bots to attend on their behalf by linking their Zoom accounts.

The app’s upcoming premium features, such as meeting recording and transcription, promise to enhance its functionality further.

Beulr’s user-friendly interface and unique capabilities have garnered acclaim among professionals and students, enabling them to maximize productivity and manage multiple meetings simultaneously.

The Beulr platform stands out as a valuable tool for optimizing online meeting attendance in today’s remote work and learning environments due to its commitment to user satisfaction and continuous evolution based on feedback.

Company NameBeulr
EntrepreneurPeter Solimine
ProductAn AI platform for recording and transcribing online meetings.
Investment Asking For$150,000 for a 20% equity in Beulr
Final DealNo Deal
SharkNo Shark
Beulr Episode Season 13, Episode 5
Beulr Business StatusIn Business
Beulr WebsiteBeulr Website
Beulr Net Worth$1 Million

What Is Beulr?

Beulr is an AI assistant that generates video recordings, transcriptions, and summaries from online meetings conducted on platforms like Zoom, Google Meets, and Microsoft Teams.

It allows users to easily record meetings, transcribe discussions in real-time, and share important moments or action items with team members.

Beulr aims to streamline the meeting process by providing a central hub for recording, summarization, collaboration, and search functionalities.

Beulr is designed to simplify the process of managing online meetings by offering the following key features:

  1. Recording: Users can invite Beulr to meetings with a single click to automatically record video and audio, generate transcripts, and take notes without the need to be a host.
  2. Transcription: Beulr uses advanced AI technology to summarize and transcribe everything said during online meetings, providing instant meeting notes for reference.
  3. Collaboration: Users can share recordings and meeting notes to collaborate on action items discussed during meetings, ensuring that important information is not lost or forgotten.

Additionally, Beulr offers features such as global search for easy access to all audio and video content, integrations with existing workflows (such as Slack, CRMs, and Product Management tools), and tailored solutions for various industries like sales, recruiting, engineering, consulting, education, leadership, design, and personal productivity.

Beulr Shark Tank Update | Beulr Net Worth

Users can choose from different subscription plans based on their team size and requirements, starting from a free trial to more advanced options with features like automatic meeting summaries, custom vocabulary, team access control, custom data retention, and dedicated account management.

Beulr aims to transform virtual meetings into productive notes with just a click, helping teams save time, stay organized, and enhance communication efficiency.

Who Is The Founder Of Beulr?

The founders of Beulr are Peter Solimine and another Zoom University student. Peter Solimine, the creator of the Beulr application, is currently pursuing a BS in Economics at Tulane University.

The idea for Beulr originated as a dorm room project by Peter Solimine and his fellow students at Zoom University.

They developed the software application to attend their early morning classes on their behalf, realizing the potential to help other students facing similar challenges.

Before its debut on ‘Shark Tank,’ Beulr had already gained popularity among users, boasting over 97,000 satisfied users.

The application has facilitated over 900,000 meetings and saved approximately 765,000 hours for its users since its launch.

Beulr was offered for free initially, with plans to introduce premium features in the future.

The team was also working on enhancing the application to not only attend meetings but also record, transcribe, and potentially display a video loop of the user during meetings.

How Was The Shark Tank Pitch Of Beulr?

  • Entrepreneur: Peter Solimine
  • Business: Bot that attends and records Zoom meetings for you
  • Ask: $150,000 for a 20% stake
  • Result: No Deal

During his pitch on Shark Tank Season 13, entrepreneur Peter Solimine introduced Beulr, a unique bot designed to attend and record Zoom meetings on behalf of users.

The concept aimed to help individuals save time by allowing them to upload a looping video of themselves to simulate attendance while the bot handled the meeting in their place.

Beulr Shark Tank Update | Beulr Net Worth

Despite the company boasting a substantial user base of over 100,000 and expanding its services to other platforms like Google Meet, the Sharks had mixed reactions to the product.

Mark Cuban raised concerns about Beulr’s pricing model, suggesting a potential alternative.

Lori Greiner emphasized integrity issues associated with using the bot, expressing reservations about endorsing such a service.

Robert Herjavec delivered harsh criticism, questioning the sustainability of Beulr’s business model and its revenue potential.

Daymond John appreciated the creativity behind Beulr but stressed the importance of communication in meetings, which the bot could potentially undermine.

Kevin O’Leary highlighted compliance issues for meetings where attendance is legally required, raising doubts about the product’s viability in certain contexts.

Ultimately, none of the Sharks made an offer to invest in Beulr, and Peter Solimine left the Tank without securing a deal.

Despite the setback on the show, Beulr has continued to thrive post-Shark Tank, expanding its social media presence, growing its user base, and enhancing its product offerings.

The company’s evolution includes integrating with additional platforms, raising its subscription price, and actively recruiting developers for further development.

While the Sharks did not see the potential in Beulr during the pitch, the company’s progress indicates ongoing success and growth in the virtual meeting automation space.

The Sharks did not make any offers due to various reasons:

  • Mark Cuban: Questioned the pricing model.
  • Lori Greiner: Raised integrity concerns.
  • Robert Herjavec: Criticized the business model and revenue potential.
  • Daymond John: Liked the concept but emphasized the importance of communication.
  • Kevin O’Leary: Pointed out compliance issues for legally required meetings.

In the end, none of the Sharks made an offer, and Peter Solimine left without a deal.

SharkOfferCounter OfferFinal Deal
Mark CubanNo OfferN/AN/A
Lori GreinerNo OfferN/AN/A
Robert HerjavecNo OfferN/AN/A
Daymond JohnNo OfferN/AN/A
Kevin O’LearyNo OfferN/AN/A

Despite not securing a deal on Shark Tank, Beulr has continued to grow its user base, social presence, and product offerings since the pitch.

Peter did not receive an offer from any Sharks. Despite the setback, Peter continued to operate Beulr and is still running his company with thousands of active users.

Did Beulr Get a Deal on Shark Tank?

Beulr, the bot meeting app, did not secure a deal on Shark Tank. Despite founder Peter Solimine’s pitch for $150k for 20% equity, none of the sharks invested in the product.

The sharks cited concerns such as integrity issues and compliance, leading to Beulr not receiving an investment. However, Peter continues to work on his app full-time, with the company still in operation.

Also read, Wad-Free Shark Tank Update | Wad-Free Net Worth

What Happened To Beulr After Shark Tank?

After its appearance on Shark Tank, Beulr continued its operations in the digital marketplace, focusing on providing an innovative solution for attending online meetings. Despite not securing a deal with the Sharks, Beulr persisted and made advancements in its services.

The company’s trajectory post-Shark Tank reflects resilience and adaptability, with improvements in its offerings and a possible expansion of its user base.

Beulr is still in business and has shown growth since its pitch on Shark Tank. The founder, Peter Solimine, mentioned receiving $675,000 in funding from various sources after the show aired. This financial boost has enabled Beulr to enhance its app and attract more users.

The user base has increased from 97,000 to an impressive 126,000, indicating a positive response to the application.

While Beulr’s valuation during the Shark Tank pitch was $750,000, the company’s net worth has likely increased with the additional funding and user growth post-show.

Beulr has continued to thrive in the market despite not securing investment from the Sharks on Shark Tank.

With increased funding, user growth, and ongoing improvements to its services, Beulr remains a relevant player in the virtual meeting space.

The company’s persistence and dedication to enhancing its offerings have positioned it for further success in the ever-evolving landscape of business technology.

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Beulr Shark Tank Update

After appearing on Shark Tank, Beulr did not secure an investment from the sharks. Despite this setback, Peter Solimine, the founder of Beulr, continued to work full-time on his app.

He heeded Mark Cuban’s advice and completed his Computer Science degree from Tulane University in 2022. Beulr, the bot meeting app, remained operational and active in the market.

Peter Solimine’s dedication to his product led to a consistent flow of visitors to the Beulr website, with approximately 150k people visiting every month.

Beulr has continued to thrive post-Shark Tank, with the company boasting over 100,000 users on the platform.

The service has expanded beyond just Zoom and is now usable on Google Meet and other similar platforms, enhancing its accessibility and usability for a wider range of users.

Beulr Shark Tank Update | Beulr Net Worth

In terms of financials, Beulr operates as a subscription-based service, with a current pricing of $11.99 per month. This pricing strategy has allowed the company to generate revenue and sustain its operations.

Beulr has also focused on enhancing its social media presence to attract new customers. With over 6,000 followers on both TikTok and Instagram, the company is actively engaging with its audience and expanding its reach in the digital space.

Beulr is still in business. It is headquartered in San Francisco, California, United States, and currently employs 11-50 people, according to CrunchBase.

The app continues to serve its users who find value in attending virtual meetings conveniently and efficiently.

While the founder did not disclose the exact revenue figures during the Shark Tank appearance, the company sought a $750,000 valuation during the pitch.

Based on various factors and estimations, Beulr’s worth is estimated to be around $1 million, as of the latest available information.

Beulr has persevered and maintained its presence in the market post-Shark Tank, with Peter Solimine’s ongoing commitment driving the app’s growth and evolution in the virtual meeting landscape.

Also read, SPERGO Shark Tank Update | SPERGO Net Worth

What Is the Net Worth Of Beulr?

According to our research, Beulr’s net worth is estimated to be $1 million. The valuation of Beulr was $750,000 when it appeared on season 13 of Shark Tank.

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