About this raise

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.

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Investment Overview

Invested this round: $3,047,211

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/24/2022
Close Date
06/29/2023
Min. Goal
$10,000
Max Goal
$3,948,670
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$51,336,425

Company & Team

Company

Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Moraga, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Asghar Riahi
Title
CTO
Founder Name
Charles Yeomans
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$190,323
 Runway
1.8 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$11,425,613
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/30/2025 StartEngine $96,560,000 $19,973,292 Equity - Common Funded RegA+
12/28/2023 StartEngine $69,973,194 $3,068,108 Equity - Common Funded RegCF
06/29/2023 StartEngine $51,336,425 $3,047,211 Equity - Common Funded RegCF
09/15/2021 StartEngine $10,000,000 $2,571,098 Convertible Note 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Add to portfolio
AtomBeam on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $51,336,425
Price per Share: $5.00

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