AvaWatz

Growth Stage

A Decision Intelligence Robotics Network

Overview

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AvaWatz 03/09/2023 StartEngine $79,001,212 $214,131 Equity - Common Active RegCF
AvaWatz 10/28/2022 StartEngine $36,000,000 $810,620 Equity - Common Funded RegCF
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AvaWatz on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $79,001,212
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