Apsy
Early Stage
The first true human-out-of-the loop AI platform to build affordable elegant custom apps
Overview
Raised: $71,531
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/20/2022
Close Date
03/31/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$375
# of Investors
37
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Apsy, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an AI-based platform to build high-quality custom apps. It is the first true human-out-of-the-loop AI SaaS to build elegant and affordable apps. The user explains what he wants in plain English, the AI agent understands and picks matching models, takes the user through customization-by-conversation, and publishes the app in a day or two. Apsy is led by an experienced team and backed by Techstars and Sunstone. Tooraj Helmi founded Apsy in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for research and development, marketing, operations, and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$101,736 |
$1,068 |
|
COGS |
$89,770 |
$9,522 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-56,346 |
$-8,685 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,439 |
$837 |
|
Accounts Receivable |
$16,735 |
$0 |
|
Total Assets |
$36,580 |
$837 |
|
Short-Term Debt |
$91,237 |
$9,522 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$91,237 |
$9,522 |
Financials as of: 09/20/2022
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