mEinstein
Early Stage
Community Driven AI: Decentralizing AI and Data Ownership
Overview
Raised: $24,911
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/27/2022
Close Date
04/30/2023
Min. Goal
$150,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$18,000,000
Valuation Cap
$20,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$90
# of Investors
26
Momentum
Not Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
mEinstein, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a platform that uses artificial intelligence and machine learning to reason, observe, plan, and act on users’ behalf. The platform uses personalization and users’ financial and personal specifics to make decisions on their behalf. mEinstein is decentralizing AI and data ownership while still keeping privacy and security intact. Prithwi Thakuria, Lekha Mishra, Shivang Trivedi, and Cris Cantolla founded mEinstein in November 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,070,000. The campaign proceeds will be used for hiring and staffing, marketing, infrastructure, communications, and headquarters.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-53,619 |
$-76,560 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,171 |
$158 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$25,171 |
$24,158 |
|
Short-Term Debt |
$16,138 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$16,138 |
$0 |
Financials as of: 07/27/2022
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