AvaWatz
A Decision Intelligence Robotics Network
Overview
Raised: $810,620
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/29/2021
Close Date
10/28/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$300
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$36,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,675
# of Investors
267
Momentum
Funded
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
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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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| AvaWatz | 04/29/2024 | Wefunder | $79,001,212 | $504,212 | Equity - Preferred | Active | RegCF |
| AvaWatz | 03/09/2023 | StartEngine | $79,001,212 | $321,840 | Equity - Common | Funded | RegCF |
| AvaWatz | 10/28/2022 | StartEngine | $36,000,000 | $810,620 | Equity - Common | Funded | RegCF |
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