Early Stage

Ultra-Fast Wireless Connectivity

Ultra-Fast Wireless Connectivity


Raised this Round: Raised: $100,532

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Consumer Products, Goods & Services

Tech Sector



Raleigh, North Carolina

LUMEOVA, with a valuation of $30.04 million, is raising funds on StartEngine. The company is developing ultra-fast connectivity using its patented optical technology. LUMEOVA’s technology, WiRays, aims to provide secure connectivity with a performance of tens of Gigabits-per-second. The business has the potential to offer fiber optic speeds without the fiber and has 20 patents for its technology. Mohammad Ali Khatibzadeh founded LUMEOVA in December 2016. The current crowdfunding campaign has a minimum target of $14,998.75 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, working capital, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022












Net Income



Summary Balance Sheet

FY 2023 FY 2022




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 05/23/2024
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LUMEOVA on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,044,414
Price per Share: $1.69

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