Echo Mind AI
Early Stage
AI for Musculoskeletal Ultrasound
Analytics
Raised: $75,390
Aggregate Commitments $
Platform
Wefunder
Start Date
03/31/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$200
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$11,300,000
Discount Rate
15%
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
309
% of Min. Goal
151%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$877
Momentum
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Location
Highlands Ranch, Colorado
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Echo Mind AI, with a valuation of $11.3 million, is raising funds on Wefunder. The company has developed technology that uses AI and ultrasound to capture and provide musculoskeletal pathology predictions. The technology of Echo Mind AI provides extremely effective immediate diagnosis at a super low cost. Echo Mind AI has already achieved 95% prediction accuracy for tendon tears. Max Harker founded Echo Mind AI in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for salaries for sonographers and the R&D team and operating budgets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-62,825 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$43,841 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$43,841 |
$0 |
|
Short-Term Debt |
$10,000 |
$0 |
|
Long-Term Debt |
$30,000 |
$0 |
|
Total Liabilities |
$40,000 |
$0 |
Financials as of: 03/31/2022
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