AvaWatz

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $321,840

Deal Terms

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    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$79,001,212

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Addison, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Bala Jana
Title
Vice President, Treasurer, and Secretary
Founder Name
Rajini B. Anachi
Title
CEO and President

Financials

as of Fiscal Year 2021
 Revenue -7% YoY
$757,681
 Monthly Burn
Profitable
 Cash on Hand
$292,359
Gross Margin
45%

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

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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
03/31/2025 Wefunder $80,847,656 $64,250 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
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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.

Employee History

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AvaWatz on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $79,001,212
Price per Share: $4.00

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Follow AvaWatz on StartEngine 2022

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