Biostate AI

Biostate AI

Open  for investment

About this raise

Biostate AI is raising funds on Wefunder. The company has developed a platform that uses AI to predict individual health changes. Biostate AI has analyzed over 8,000 biological and clinical samples with proprietary RNAseq and AI technologies to be able to predict diseases before they emerge and tailor treatments to individuals’ unique genetic makeup. The company has a portfolio of twelve pending patents and clinical collaborations with top hospitals, including Harvard Med School, Cornell, and MD Anderson. Dave Zhang and Ashwin Gopinath founded Biostate AI in June 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for payroll, sample acquisition, lab operations, R&D, rent, travel, and marketing.

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Investment Overview

Committed this round: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/31/2025
Close Date
04/30/2025
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

15%

Company & Team

Company

Year Founded
2023
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Houston, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
20
Prior Founder Exits?
Yes
Founder Name
Ashwin Gopinath
Title
CTO
Founder Name
David Zhang
Title
CEO

Funding data not publicly available

Financials

as of December 1, 2024
 Revenue
$0
 Monthly Burn
$312,400
 Runway
6.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-900,389

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$523,699

$0

Accounts Receivable

$0

$0

Total Assets

$549,400

$0

Short-Term Debt

$226,026

$0

Long-Term Debt

$1,190,000

$0

Total Liabilities

$1,416,026

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,753,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder - $0 SAFE Active RegCF
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Biostate AI on Wefunder 2025
Platform: Wefunder
Security Type: SAFE

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