AvaWatz

Growth Stage

A Decision Intelligence Robotics Network

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/15/2023

Close Date

04/30/2023

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/26/2023

Days Remaining

35

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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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

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$757,681

$814,309

COGS

$416,855

$371,559

Tax

$0

$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: 03/15/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AvaWatz 04/30/2023 Wefunder $79,001,212 $0 Equity - Preferred Active RegCF
AvaWatz 03/09/2023 StartEngine $79,001,212 $321,840 Equity - Common Funded RegCF
AvaWatz 10/28/2022 StartEngine $36,000,000 $810,620 Equity - Common Funded RegCF
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AvaWatz on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $79,001,212

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