AvaWatz
Growth Stage
A Decision Intelligence Robotics Network
Overview
Raised: $321,840
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/11/2022
Close Date
03/09/2023
Min. Goal
$10,000
Max. Goal
$4,203,440
Min. Investment
$400
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$79,001,212
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,657
# of Investors
102
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 $79 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 $10,000 and a maximum target of $4.2 million. The campaign proceeds will be used for marketing, growth, and expansion.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$757,681 |
$814,309 |
|
COGS |
$416,855 |
$371,559 |
|
Tax |
$8,000 |
$0 |
| ||
| ||
|
Net Income |
$65,824 |
$19,799 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$292,359 |
$329,509 |
|
Accounts Receivable |
$75,000 |
$0 |
|
Total Assets |
$445,689 |
$424,563 |
|
Short-Term Debt |
$273,810 |
$297,326 |
|
Long-Term Debt |
$4,189 |
$25,376 |
|
Total Liabilities |
$277,999 |
$322,702 |
Financials as of: 12/11/2022
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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 | $652,018 | 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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