AIEDC

Early Stage

Artificial Intelligence as a Service

Analytics

Raised to Date: Raised: $82,597

Aggregate Commitments $

Platform

Netcapital

Start Date

05/13/2021

Close Date

10/29/2021

Min. Goal

$10,005

Max. Goal

$249,600

Min. Investment

$104

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$6,612,320

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

8

% of Min. Goal

826%

% of Max. Goal

33%

Likelihood of Max
unlikely
Avg. Daily Raise

$513

Momentum
cool
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Location

Huntington Beach, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

AIEDC, with a post-money valuation of $6.86 million, is raising funds on NetCapital. The company makes 5G-cloud mobile apps and provides machine learning for small businesses to create their own apps. The Artificial Intelligence Economic Development Corporation (AIEDC) provides Artificial Intelligence as a Service (AIaaS). Leonard S. Johnson founded AIEDC in 2017. The current crowdfunding round of the company has a minimum target of $10,004.80 and a maximum target of $249,600, and the proceeds will be used for cloud computing and data hosting, management compensation, outsourced development compensation, and SG&A. AIEDC is led by a team of entrepreneurs, leading scientists, and machine learning leads. The company has a multi-year partnership agreement with the Lodz University of Technology and expects to generate high revenues soon.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-24,600

$-29,600

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,802

$31,254

Accounts Receivable

$0

$0

Total Assets

$11,802

$31,254

Short-Term Debt

$600

$600

Long-Term Debt

$0

$0

Total Liabilities

$600

$600

Financials as of: 05/13/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AIEDC 10/29/2021 Netcapital $6,612,320 $82,597 Equity - Common Active RegCF
AIEDC 05/12/2021 Netcapital $6,861,920 $0 Equity - Common Funded Test the Waters
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AIEDC on NetCapital
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,612,320
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