AvaWatz (2023)
About this raise
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.
Investment Overview
Invested : $321,840
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/11/2022
- Close Date
- 03/09/2023
$10,000
$4,203,440
$400
Equity - Common
Growth Stage
RegCF
$4.00
$79,001,212
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -7% YoY
-
$757,681
as of FY2021
- Monthly Burn
-
Profitable
as of FY2021
-
Cash on Hand
-
$292,359
as of FY2021
- Gross Margin
-
45%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $917,491
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/31/2026 | Wefunder | $80,847,656 | $293,635 | Equity - Preferred | Active | RegCF |
| 06/04/2024 | StartEngine | $80,847,656 | $194,543 | Equity - Preferred | Funded | RegCF |
| 02/20/2024 | Wefunder | $79,001,212 | $843,856 | Equity - Preferred | Funded | RegCF |
| 03/09/2023 | StartEngine | $79,001,212 | $321,840 | Equity - Common | Funded | RegCF |
| 10/28/2022 | StartEngine | $36,000,000 | $810,620 | Equity - Common | Funded | RegCF |
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.