AvaWatz

[Closed for Investment] AvaWatz, with a valuation of $79 million, is raising funds on Wefunder. 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 $50,001 and a maximum target of $3.9 million. The campaign proceeds will be used for marketing, customer research, new product development, and hiring.

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Investment Overview

Raised this Round: Raised: $843,856

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/15/2023
Close Date
02/20/2024
Min. Goal
$50,001
Max. Goal
$3,881,605
Min. Investment

$250

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$59,250,909

Pre-Money Valuation

$79,001,212

Company & Team

Company

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

Team

Employees
13
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 2022
 Revenue -7% YoY
$757,681
 Monthly Burn
$39,082
 Cash on Hand
$390,734
Gross Margin
43%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$389,523

$757,681

COGS

$223,485

$416,855

Tax

$0

$0

 

 

Net Income

$-468,980

$65,824

Summary Balance Sheet

FY 2022 FY 2021

Cash

$390,734

$292,359

Accounts Receivable

$0

$75,000

Total Assets

$636,975

$445,689

Short-Term Debt

$200,388

$273,810

Long-Term Debt

$0

$4,189

Total Liabilities

$200,388

$277,999

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,119,901
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 Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $79,001,212
Price per Share: $4.00

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