AvaWatz
Early Stage
A Decision Intelligence Robotics Network
Analytics
Raised: $587,391
Aggregate Commitments $
Platform
StartEngine
Start Date
12/29/2021
Close Date
07/28/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$300
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$3.00
Pre-Money Valuation
$36,000,000
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
33
% of Min. Goal
5,875%
% of Max. Goal
55%
Likelihood of Max
Avg. Daily Raise
$3,300
Momentum
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Location
Addison, Texas
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
AvaWatz, with a valuation of $36 million, is raising funds on StartEngine. It is a decision-intelligence company that uses collaborative air and ground robots to carry out difficult and dangerous tasks. The company uses artificial intelligence to power an extensive network of Cobots to tackle complex and multi-step assignments. AvaWatz is fully prototyped and has undergone R&D with the US Air Force and Department of Homeland Security. Rajini Anachi and Bala Jana founded AvaWatz in February 2019. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,998. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$814,309 |
$352,689 |
|
COGS |
$371,559 |
$191,904 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,897 |
$80,562 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$329,509 |
$199,603 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$424,563 |
$236,212 |
|
Short-Term Debt |
$285,228 |
$154,150 |
|
Long-Term Debt |
$25,376 |
$0 |
|
Total Liabilities |
$310,604 |
$154,150 |
Financials as of: 12/29/2021
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