Mycroft AI

Growth Stage

The Open Voice Assistant.

Analytics

Raised to Date: Raised: $349,566

Aggregate Commitments $

Platform

StartEngine

Start Date

07/27/2021

Close Date

01/18/2022

Min. Goal

$9,999

Max. Goal

$4,999,999

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$38,002,983

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

122

% of Min. Goal

3,496%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,596

Momentum
cold
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Kansas CIty, Missouri

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Mycroft AI, with a pre-money valuation of $38 million, is raising crowdfunding on StartEngine. The company has developed a privacy-respecting voice assistant platform that includes software, servers, and a marketplace for third-party applications. It has designed, tested, and entered production with its second-generation smart speaker, Mark II. Michael Lewis, Joshua Montgomery, and Kris Adair founded Mycroft AI in February 2016. The current crowdfunding round has a minimum raise of $9,999.40 and a maximum raise of $4,999,999.20, and the funds will be used for the production, sales, and marketing of Mark II. Mycroft AI already has $1 million in pre-orders for the Mark II device and is beta testing with its development kits.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$52,565

$151,595

COGS

$47,236

$27,121

Tax

$0

$0

 

 

Net Income

$-1,369,532

$-1,634,372

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$227,005

$117,431

Accounts Receivable

$8,000

$2,569

Total Assets

$1,605,537

$1,123,312

Short-Term Debt

$962,158

$477,340

Long-Term Debt

$2,384,537

$1,182,947

Total Liabilities

$3,346,695

$1,660,287

Financials as of: 07/27/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Mycroft AI 01/18/2022 StartEngine $38,002,983 $349,566 Equity - Preferred Active RegCF
Mycroft AI 03/15/2019 StartEngine $19,900,000 $1,056,863 Equity - Common Funded RegCF
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

GoSun on StartEngine

The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics using solar energy. The…

Valuation: $59,891,925
Min Investment: $250
Industry: Consumer Products, Goods & Services
Raised $954,052 of $3,930,000 max
RegCF

Pakt on Republic

The products of Pakt are environment-friendly and meant to last a long time. Malcolm Fontier founded Pakt in December 2012.…

Valuation Cap: $9,000,000
Min Investment: $250
Industry: Consumer Products, Goods & Services
Raised $137,463 of $1,070,000 max
RegCF

StorEn Technologies on StartEngine

The proprietary technology of StorEn Technologies assures efficient, cost-effective, and durable batteries. StorEn Technologies was founded by Carlo Brovero and…

Valuation: $40,400,000
Min Investment: $480
Industry: Consumer Products, Goods & Services
Raised $5,980,270 of $12,400,000 max
RegA+

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Mycroft AI on StartEngine 2021

Follow company

Follow Mycroft AI on StartEngine 2021