ChemTech AI

ChemTech AI

Early Stage

AI software for future manufacturing

AI software for future manufacturing

Overview

Raised to Date: Raised: $97,819

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/14/2022

Close Date

09/06/2022

Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment

$495

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.15

Pre-Money Valuation

$19,970,699

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,179

# of Investors

56

Momentum
Funded
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Year Founded

2017

Industry

Industrial Services

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

New York, New York

Business Type

Growth

ChemTech AI, with a valuation of $20 million, is raising funds on StartEngine. The company has developed AI-based software for future manufacturing. The software operates food, chemical, and cosmetic production lines fully autonomously and highly efficiently. It also makes the manufacturing process waste-free, energy-efficient, and low-carbon emission. The AI operator of ChemTech AI is being used by companies like International Flavors & Fragrances and has won several awards. Oleg Giiazov founded ChemTech AI in October 2017. The current crowdfunding campaign has a minimum target of $9,999.65 and a maximum target of $1,069,999.10. The campaign proceeds will be used to scale and grow.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$123,970

$102,470

COGS

$0

$416,829

Tax

$0

$0

 

 

Net Income

$-208,566

$-446,479

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$12,769

$7,500

Accounts Receivable

$103,800

$40,000

Total Assets

$131,669

$62,600

Short-Term Debt

$152,219

$34,585

Long-Term Debt

$872,500

$712,500

Total Liabilities

$1,024,719

$747,085

Financials as of: 06/14/2022
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Add to portfolio
ChemTech AI on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $19,970,699
Price per Share: $2.15

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Follow ChemTech AI on StartEngine 2022

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