Evaluating only EigenTech’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
FUNDING
MILESTONE
CRISIS
SHUTDOWN
Full Analysis
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Documented cause
EigenTech built an AI document intelligence platform for financial compliance, automating KYC/AML document review at large banks and asset managers. The technology was technically differentiated with 96% accuracy on regulatory documents. However, enterprise sales cycles at tier-1 banks ran 18-36 months due to procurement, InfoSec, and legal review processes. EigenTech burned through its Series A during extended POC phases and could not close enough paid contracts to sustain operations before the Series B market dried up in 2022.
Lesson
“If your target customers are tier-1 banks, raise enough capital to cover 36 months of enterprise sales cycles before projecting revenue. Model from actual deal velocity, not pipeline assumptions.”
Failure anatomy
Collapse type
Slow Death
🐌 LOW
Hype cycle
Trough
Moat type
Technology
Fatal mistake
Enterprise AI sales cycle too long to outlast runway