Edyza

Edyza

Closed: Feb. 2022

About this raise

Edyza, with a valuation of $14 million, is raising funds on StartEngine. The company has developed the technology to power high-density wireless sensor networks. The technology empowers a variety of industries, including factories, rail yards, and indoor farming. Edyza’s high-density Internet of Things hardware and software helps deploy thousands of wireless sensors connected to each other through a wireless channel method. Atul Patel and Mohammad Rana Basheer founded Edyza in October 2015. The current crowdfunding campaign has a minimum target of $9,999.72 and a maximum target of $1,069,999.65. The campaign proceeds will be used to expand to more markets and additional industries.

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Investment Overview

Not Funded: $2,376

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/01/2021
Close Date
02/28/2022
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.41

Pre-Money Valuation

$13,956,961

Company & Team

Company

Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Irvine, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Rana Basheer
Title
CTO
Founder Name
Atul Patel
Title
CEO

Financials

 Revenue -12% YoY
$332,870
 Monthly Burn
$35,078
 Runway
0.9 months
 Gross Margin
87%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$332,870

$379,032

COGS

$44,904

$86,943

Tax

$0

$0

 

 

Net Income

$-420,937

$-663,335

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$31,219

$22,814

Accounts Receivable

$27,365

$0

Total Assets

$128,884

$110,410

Short-Term Debt

$428,032

$338,614

Long-Term Debt

$709,992

$360,000

Total Liabilities

$1,138,024

$698,614

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2022 StartEngine $13,956,961 $2,376 Equity - Common Not Funded RegCF
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Add to portfolio
Edyza on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,956,961
Price per Share: $1.41

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