Immortal Data

Immortal Data

Closed: Apr. 2023

About this raise

Immortal Data, with a valuation of $10 million, is raising funds on NetCapital. The company aims to develop affordable and lightweight software and hardware systems to gather and share sensor data. The solution will cater to the data collection and recovery demands of the aerospace industry. Immortal Data’s patented technology is called Distributed Black Box and will help to collect, store, and safeguard data. Dale Amon and Sunil Ahuja founded Immortal Data in September 2010. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for sales and business development, sales commissions, R&D, project management, salaries, financing, and training.

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Investment Overview

Invested this round: $70,460

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
10/26/2021
Close Date
04/28/2023
Min. Goal
$10,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$10,004,000

Company & Team

Company

Year Founded
2010
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Las Cruces, New Mexico
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Dale Amon
Title
CEO
Founder Name
Sunil Ahuja
Title
Vice President of Operations

Financials

 Revenue
$50,000
 Monthly Burn
Profitable
 Cash on Hand
$28,392

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$50,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$18,764

$-6,859

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$28,392

$2,133

Accounts Receivable

$0

$0

Total Assets

$29,209

$2,942

Short-Term Debt

$30,066

$19,544

Long-Term Debt

$0

$0

Total Liabilities

$30,066

$19,544

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Netcapital $10,004,000 $70,460 Equity - Common Funded RegCF
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Add to portfolio
Immortal Data on NetCapital 2021
Platform: Netcapital
Security Type: Equity - Common
Valuation: $10,004,000
Price per Share: $4.00

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Follow Immortal Data on NetCapital 2021

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

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