AvaWatz
A Decision Intelligence Robotics Network
Overview
Raised: $214,131
Total Commitments ($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
Funding Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$79,001,212
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
36
% of Min. Goal
2,141%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$4,118
# of Investors
57
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 $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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$757,681 |
$814,309 |
|
COGS |
$416,855 |
$371,559 |
|
Tax |
$8,000 |
$0 |
| ||
| ||
|
Net Income |
$65,824 |
$19,799 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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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