Atom Limbs
Early Stage
The world’s first mind-controlled bionic arm
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/23/2020
Close Date
02/03/2021
Min. Goal
$250,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$10,388
# of Investors
1,683
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Atom Limbs, with a valuation cap of $10 million, is raising crowdfunding on Wefunder. The company is creating the world’s first mind-controlled bionic arm. The arm has full finger dexterity, 200 sensors, and curls 45lbs. It is powered by artificial intelligence and will be sold to amputees and robotic organizations dealing with agriculture, factory assembly, and hazardous environments. Tyler Hayes founded Atom Limbs in April 2019 and has raised over $350,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $250,000 and a maximum goal of $1,070,000, will be used for tech infrastructure, equipment, hiring, travel and conferences, and legal and operating costs. Atom Limbs received a $120 million grant from the Department of Defense and DARPA, which was used for research and development in the past 15 years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-137,202 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$78,122 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$79,937 |
$0 |
|
Short-Term Debt |
$217,049 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$217,049 |
$0 |
Financials as of: 10/23/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Atom Limbs | 02/07/2024 | Wefunder | $65,000,000 | $710,772 | SAFE | Active | RegCF |
| Atom Limbs | 04/28/2022 | Wefunder | $40,000,000 | $5,000,000 | SAFE | Funded | RegCF |
| Atom Limbs | 02/03/2021 | Wefunder | $10,000,000 | $1,070,000 | SAFE | Funded | RegCF |
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