Atom Limbs (2021)

Atom Limbs (2021)

About this raise

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.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Founder Name
Tyler Hayes
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$11,434
 Runway
6.8 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/11/2024 Wefunder $65,000,000 $1,718,839 SAFE Funded RegCF
04/28/2022 Wefunder $40,000,000 $5,000,000 SAFE Funded RegCF
02/03/2021 Wefunder $10,000,000 $1,070,000 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Atom Limbs on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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