GenesisAI
The Global AI Network. Buy and sell AI technologies at scale.
Overview
Raised: $249,407
Total Commitments ($USD)
Platform
Netcapital
Start Date
07/13/2022
Close Date
04/28/2023
Min. Goal
$10,000
Max. Goal
$3,044,972
Min. Investment
$119
Security Type
Equity - Common
Series
Series A
Funding Type
RegCF
Price Per Share
$4.25
Pre-Money Valuation
$204,837,084
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/05/2023
Days Remaining
82
% of Min. Goal
2,494%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$1,205
Momentum
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Location
Miami, Florida
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,808,826 |
$-724,839 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,479,904 |
$178,279 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,546,904 |
$245,279 |
|
Short-Term Debt |
$0 |
$20,832 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$20,832 |
Financials as of: 07/13/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| GenesisAI | 04/28/2023 | Netcapital | $204,837,084 | $249,407 | Equity - Common | Active | RegCF |
| GenesisAI | 03/31/2023 | Dalmore Group | $189,026,740 | $178,759 | Equity - Common | Active | RegA+ |
| GenesisAI | 10/23/2021 | StartEngine | $88,953,760 | $0 | Equity - Preferred | Not Funded | RegCF |
| GenesisAI | 07/16/2021 | Netcapital | $49,026,348 | $3,251,640 | Equity - Common | Funded | RegCF / RegD 506(c) |
| GenesisAI | 03/22/2021 | Netcapital | $12,471,815 | $1,507,349 | Equity - Common | Funded | RegCF / RegD 506(c) |
| GenesisAI | 03/21/2020 | Wefunder | $7,500,000 | $738,640 | SAFE | Funded | RegCF |
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