AtomBeam

AtomBeam

Growth Stage

Radically Efficient Software for IoT

Radically Efficient Software for IoT

Overview

Raised to Date: Raised: $3,047,211

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/23/2022

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/01/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$8,236

# of Investors

1,450

Momentum
Funded
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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

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: 06/23/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AtomBeam 03/26/2025 StartEngine - $4,916,985 Equity - Common Active Test the Waters
AtomBeam 12/27/2023 StartEngine $69,973,194 $3,068,108 Equity - Common Funded RegCF
AtomBeam 06/28/2023 StartEngine $51,336,425 $3,047,211 Equity - Common Funded RegCF
AtomBeam 09/14/2021 StartEngine $10,000,000 $2,571,098 Convertible Note Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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

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