Overview
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
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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