Apsy

Early Stage

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

Analytics

Raised to Date: Raised: $48,550

Aggregate Commitments $

Platform

Wefunder

Start Date

09/21/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/05/2022

Days Remaining

207

% of Min. Goal

97%

% of Max. Goal

5%

Likelihood of Max
possible
Avg. Daily Raise

$3,468

Momentum
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Location

West Hollywood, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

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: 09/21/2022
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Apsy on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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