About this raise

GenesisAI, with a post-money valuation of $14.9 million, is raising funds on NetCapital. It is a machine learning protocol that is used to create a marketplace to buy and sell artificial intelligence technologies at scale. The platform connects companies that need AI services, data, and models with companies wanting to sell and monetize their AI technology. GenesisAI was founded by Harvard graduates Archil Cheishvili, David Fan, and Mina Pascalito Nassif in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $444,609. The proceeds will be used for payroll, sales and marketing, accounting, and legal expenses. GenesisAI is bringing AIs from across the globe together to defeat COVID-19.

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Investment Overview

Invested this round:
$1,070,000 - RegCF
$1,507,349 - Total

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
07/20/2020
Close Date
03/22/2021
Min. Goal
$10,000
Max Goal
$444,609
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$3.11

Pre-Money Valuation

$12,471,815

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
C2C
Margin
Low
Capital Intensity
Low
Location
Miami, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
Yes
Founder Name
Archil Cheishvili
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$15,288
 Runway
1.9 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-183,454

$-61,790

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$29,694

$70,501

Accounts Receivable

$15,500

$0

Total Assets

$45,194

$70,501

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/06/2024 Netcapital $204,837,084 $765,446 Equity - Common Funded RegCF
03/10/2023 Dalmore Group $189,026,740 $178,759 Equity - Common Funded RegA+
10/23/2021 StartEngine $88,953,760 $0 Equity - Preferred Not Funded RegCF
07/16/2021 Netcapital $49,026,348 $3,251,640 Equity - Common Funded RegCF / RegD 506(c)
03/22/2021 Netcapital $12,471,815 $1,507,349 Equity - Common Funded RegCF / RegD 506(c)
03/21/2020 Wefunder $7,500,000 $738,640 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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Add to portfolio
GenesisAI on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,471,815
Price per Share: $3.11

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Warning: according to the close date for this deal, GenesisAI may no longer be accepting investments.

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