GenesisAI

GenesisAI

Growth Stage

The Global AI Network. Buy and sell AI technologies at scale.

The Global AI Network. Buy and sell AI technologies at scale.

Overview

Raised to Date: Raised: $701,518

Total Commitments ($USD)

Platform

Netcapital

Start Date

07/12/2022

Close Date

04/27/2024

Min. Goal
$10,000
Max. Goal
$3,044,972
Min. Investment

$119

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.25

Pre-Money Valuation

$204,837,084

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/17/2024

Days Remaining

9

% of Min. Goal

7,015%

% of Max. Goal

23%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,088

Momentum
cool.svg
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Miami, Florida

Business Type

High Growth

GenesisAI, with a valuation of $204.8 million, is raising funds on NetCapital. The company provides a global AI network to buy and sell artificial intelligence technologies. GenesisAI is a machine learning protocol, in addition to being a marketplace for AI products and services. It is making AI accessible, affordable, and more efficient. The company is led by an elite team and has 2,000 registered users with 45 AI models deployed. Archil Cheishvili, David Fan, and Mina Pascalito Nassif founded GenesisAI in 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,044,972. The campaign proceeds will be used for payroll, research and development, sales and marketing, and legal expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$8,122

$0

COGS

$12,331

$0

Tax

$0

$0

 

 

Net Income

$-2,539,154

$-3,808,826

Summary Balance Sheet

FY 2022 FY 2021

Cash

$452,795

$1,479,904

Accounts Receivable

$0

$0

Total Assets

$519,795

$1,546,904

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GenesisAI 04/26/2024 Netcapital $204,837,084 $701,518 Equity - Common Active RegCF
GenesisAI 03/09/2023 Dalmore Group $189,026,740 $178,759 Equity - Common Funded RegA+
GenesisAI 10/22/2021 StartEngine $88,953,760 $0 Equity - Preferred Not Funded RegCF
GenesisAI 07/15/2021 Netcapital $49,026,348 $3,251,640 Equity - Common Funded RegCF / RegD 506(c)
GenesisAI 03/21/2021 Netcapital $12,471,815 $1,507,349 Equity - Common Funded RegCF / RegD 506(c)
GenesisAI 03/20/2020 Wefunder $7,500,000 $738,640 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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GenesisAI on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $204,837,084
Price per Share: $4.25

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