Advanced AI Solutions

Advanced AI Solutions

Closed: Apr. 2022

About this raise

Advanced AI Solutions, with a $53.9M valuation, is raising funds on Netcapital. The company aims to be one of America’s top producers of fast-response, fire-suppressing drones. Advanced AI Solutions has exclusive license to use just under 200 global patents and patent applications with production based in the US. AI software built into the drones allows early detection of fires and powerful, autonomous extinguishing capabilities. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000.

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Investment Overview

Invested this round: $68,487

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/16/2021
Close Date
04/30/2022
Min. Goal
$9,999
Max Goal
$1,069,999
Min. Investment

$249

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.81

Pre-Money Valuation

$53,900,000

Company & Team

Company

Year Founded
2020
Industry
Industrial Services
Tech Sector
Regtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Yuen (Vincent) Mao
Title
CEO, Director, and Chairman

Financials

 Revenue
$211,903
 Monthly Burn
$2,294
 Runway
3.5 months
Gross Margin
24%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$211,903

$0

COGS

$160,734

$0

Tax

$0

$0

 

 

Net Income

$-27,523

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,942

$0

Accounts Receivable

$0

$0

Total Assets

$7,942

$0

Short-Term Debt

$30,466

$0

Long-Term Debt

$0

$0

Total Liabilities

$30,466

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 StartEngine $53,900,000 $68,487 Equity - Common Funded RegCF
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Add to portfolio
Advanced AI Solutions on Startengine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $53,900,000
Price per Share: $0.81

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Follow Advanced AI Solutions on Startengine 2021

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Warning: according to the close date for this deal, Advanced AI Solutions may no longer be accepting investments.

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