ALBI
Early Stage
AI-Powered Meeting Assistant — Helping teams have productive meetings
Overview
Raised: $865,215
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/13/2020
Close Date
07/30/2020
Min. Goal
$350,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,500,000
Discount
7%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$11,237
# of Investors
1,077
Momentum
Funded
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Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
ALBI, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The software uses natural language processing and artificial intelligence technology to automate the process of taking minutes of meetings. ALBI captures and summarises meeting notes, captures action items, and shares them with the team, working as a smart personal assistant. ALBI was founded by Cody White and Met Wu in 2018 and has raised over $500,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $350,000 and a maximum target of $600,000, will be used in engineering, sales and marketing, and operations. ALBI can be integrated with Google Hangouts, Google Calendar, and Zoom, and already has more than 30 beta customers, including three Fortune 500 companies.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-58,586 |
$-24,320 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$70,064 |
$27,650 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$70,064 |
$27,650 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/13/2020
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