POLYN Technology
About this raise: POLYN Technology, with a valuation of $50 million, is raising funds on Dealmaker Securities via Reg D 506(c) raise. The company specializes in the development of AI analog neuromorphic chips for on-sensor data processing. POLYN Technology’s brain-inspired chips for neural networks stand out as the ideal solutions for sensor data processing and find use cases in a variety of target markets, including wearables, earbuds and hearing aids, industrial IoT, AI healthcare monitoring, and smart tires. The first commercial chip of POLYN Technology is in production, and the company is currently generating revenue with $10 million in sales contracts. Alex Timofejevs and Boris Maslov founded POLYN Technology in March 2023. The current crowdfunding campaign has a minimum target of $4 million and a maximum target of $6 million. The campaign proceeds will be used to accelerate growth capital raise to meet customers’ expectations.
Investment Overview
Invested : $79,550
Deal Terms
- Platform
- DealMaker Securities
- Start Date
- 09/02/2024
- Close Date
- Not Provided
$6,000,000
$9,250
Equity - Common
RegD 506(c)
$185.00
$50,000,000
Company & Team
Company
- Year Founded
- 2023
- Industry
- Industrial Services
- Tech Sector
- Location
- Wilmington, Delaware
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/30/2024 | DealMaker Securities | $50,000,000 | $79,550 | Equity - Common | Funded | RegD 506(c) |