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Medvi's AI Startup Hits $401M Sales in Year One

4/10/2026

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Story summary
  • Matthew Gallagher, founder of Medvi, launched the AI-powered startup in Los Angeles with $20,000 after two months of work.
  • Medvi generated $401 million in sales in its first year.
  • It gained 300 customers in its first month and 1,000 in the second.
  • The founders used AI tools to manage operations, including customer service and marketing.
  • Gallagher projects $1.8 billion in sales for the current year as automation expands.