AvaWatz

AvaWatz, with a valuation of $80.85 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. AvaWatz uses artificial intelligence to power an extensive network of Cobots to tackle complex and multi-step assignments. The business has received contracts from the US Air Force and Department of Homeland Security and has a current sales pipeline of over $16 million. Rajini Anachi and Bala Jana founded AvaWatz in February 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, research and development, and hiring.

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Investment Overview

Raised this Round: Raised: $64,250

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/18/2024
Close Date
03/31/2025
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$400

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$60,635,742

Pre-Money Valuation

$80,847,656

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
Rajini Anachi
Title
CEO
Founder Name
Bala Jana
Title
Board Member

Financials

as of September 30, 2024
 Revenue -100% YoY
$389,523
 Monthly Burn
$31,000
 Runway
13.6 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$389,523

COGS

$0

$223,485

Tax

$0

$0

 

 

Net Income

$-863,206

$-468,980

Summary Balance Sheet

FY 2023 FY 2022

Cash

$491,085

$390,734

Accounts Receivable

$0

$0

Total Assets

$884,434

$636,975

Short-Term Debt

$192,969

$200,388

Long-Term Debt

$0

$0

Total Liabilities

$192,969

$200,388

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,672,050
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 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $80,847,656
Price per Share: $4.00

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