Apsy

Apsy

Early Stage

The first true human-out-of-the loop AI platform to build affordable elegant custom apps

The first true human-out-of-the loop AI platform to build affordable elegant custom apps

Overview

Raised to Date: Raised: $71,531

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/20/2022

Close Date

03/30/2023

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

West Hollywood, California

Business Type

Growth

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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Apsy on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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