AIEDC

Testing the Waters
Early Stage

Artificial Intelligence as a Service

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

02/11/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$104

Security Type

Equity - Common

SEC Filing Type

Test the Waters    Open SEC Filing

Price Per Share

$10.40

Pre-Money Valuation

$6,861,920

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/31/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$0

Momentum
Funded
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Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Location

Huntington Beach, California

AIEDC, with a post-money valuation of $6.86 million, is Testing the Waters 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.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AIEDC 04/28/2023 Netcapital $6,612,320 $150,363 Equity - Common Funded 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: $6,861,920
Price per Share: $10.40

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

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