AtomBeam

Growth Stage

Radically Efficient Software for IoT

Analytics

Raised to Date: Raised: $576,539

Aggregate Commitments $

Platform

StartEngine

Start Date

06/24/2022

Close Date

09/22/2022

Min. Goal

$10,000

Max. Goal

$3,948,670

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Price Per Share

$5.00

Pre-Money Valuation

$51,336,425

Rolling Commitments $

Status

Active

Reporting Date

08/13/2022

Days Remaining

40

% of Min. Goal

5,765%

% of Max. Goal

15%

Likelihood of Max
unlikely
Avg. Daily Raise

$11,531

Momentum
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Location

Moraga, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

AtomBeam, with a valuation of $51.3 million, is raising funds on StartEngine. The company has developed an advanced software technology that helps reduce the size of the internet of things files by 75%. The technology uses machine learning and adds a high level of security to the data. AtomBeam uses the power of a 10% processor and operates up to 400 times the speed of compression to compact data. Charles Yeomans and Asghar Riahi founded AtomBeam in 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,948,670. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$2,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,283,877

$-558,738

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$333,528

$56,099

Accounts Receivable

$0

$0

Total Assets

$537,644

$149,921

Short-Term Debt

$160,925

$83,621

Long-Term Debt

$3,992,293

$1,516,020

Total Liabilities

$4,153,218

$1,599,641

Financials as of: 06/24/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AtomBeam 09/22/2022 StartEngine $51,336,425 $576,539 Equity - Common Active RegCF
AtomBeam 09/15/2021 StartEngine $10,000,000 $2,571,098 Convertible Note Funded RegCF
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AtomBeam on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $51,336,425
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