AvaWatz
A Decision Intelligence Robotics Network
Overview
Raised: $0
Total Commitments ($USD)
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/26/2023
Days Remaining
35
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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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