Overview

Raised to Date: Raised: $403,850

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/11/2022

Close Date

12/15/2022

Min. Goal

$250,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$10,000,000

Valuation Cap

$12,000,000

Discount

20%

Venture Capital Investors:

Dux Capital

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$4,251

# of Investors

185

Momentum

Funded

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Boundless Robotics

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Boston, Massachusetts

Business Type

Growth

Company Website

Boundless Robotics, with a valuation of $12 million, is raising funds on Wefunder. The company has developed an AI-enabled device for growing cannabis automagically. The device, Annaboto, is capable of growing two ounces of high-quality and pesticide-free cannabis every 90 days and just needs the press of a button and weekly water changes. The device works on artificial intelligence, robotics, and hydroponics and comes with an intuitive and user-friendly mobile app. Carl Palme founded Boundless Robotics in September 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for tooling, inventory, marketing, and working capital.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$1,495	$599
COGS	$1,608	$0
Tax	$0	$0
Net Income	$-365,233	$-15,202

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$328,735	$3,845
Accounts Receivable	$0	$0
Total Assets	$405,796	$3,845
Short-Term Debt	$17,437	$4,776
Long-Term Debt	$755,000	$0
Total Liabilities	$772,437	$4,776

Financials as of: 09/11/2022

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Boundless Robotics Founder Carl Palme on Judgment-Free Cannabis

Perspectives on cannabis are shifting in the United States. It’s now fully legal in 19 states, and President Biden recently pardoned Americans convicted of simple possession under federal law. But old stigmas die hard, so a lot of users still feel more comfortable growing their own cannabis in private.

Boundless Robotics makes growing cannabis at home easy. Requiring only weekly water changes and the push of a button, the company’s artificially intelligent robot, Annaboto, does all the hard work. We reached out to founder and CEO Carl Palme to learn about the company’s regulatory hurdles and other applications for Annaboto.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview