ChemTech AI

ChemTech AI

Closed: Sep. 2022

About this raise

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.

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Investment Overview

Invested this round: $97,819

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/15/2022
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
Yes
Founder Name
Oleg Giiazov
Title
CEO

Financials

 Revenue +25% YoY
$975,003
 Monthly Burn
$17,381
 Runway
0.7 months

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

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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/06/2022 StartEngine $19,970,699 $97,819 Equity - Preferred Funded RegCF
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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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Warning: according to the close date for this deal, ChemTech AI may no longer be accepting investments.

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