About this raise: RAD AI is raising funds on Dealmaker Securities. The company leverages data and analytics for fully automated influencer marketing. RAD AI’s platform is simple and effective and allows small and medium-sized businesses to drive targeted traffic and conversions. The business has nearly tripled its booked revenue over the previous twelve months and has been an integral part of transforming and scaling several businesses. Jeremy Barnett, Bradley Silver, and Joseph Freedman founded RAD AI in July 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $402,658.77. The campaign proceeds will be used for payroll, marketing and advertising, and general and administrative expenses.

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Investment Overview

Committed this round: $1,570,550

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
08/21/2024
Close Date
04/30/2025
Min. Goal
$10,000
Max. Goal
$1,602,659
Min. Investment

$2,000

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$84,999,998

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
AdTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Santa Monica, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
Yes
Founder Name
Jeremy Barnett
Title
CEO
Founder Name
Aaron Kuntz
Title
CFO

Watch Pitch at Startup Showcase

Financials

as of December 31, 2023
 Revenue +25% YoY
$506,686
 Monthly Burn
$454,410
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$506,686

$406,824

COGS

$1,430,575

$1,476,896

Tax

$0

$0

 

 

Net Income

$-5,452,921

$-5,008,330

Summary Balance Sheet

FY 2023 FY 2022

Cash

$354,783

$203,240

Accounts Receivable

$266,675

$23,750

Total Assets

$3,860,410

$4,800,803

Short-Term Debt

$995,773

$348,118

Long-Term Debt

$0

$500,000

Total Liabilities

$995,773

$848,118

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$35,897,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
RAD Intel (formerly RAD AI) 04/30/2025 DealMaker Securities $84,999,998 $1,570,550 Equity - Common Active RegCF
RAD AI 05/02/2024 DealMaker Securities $62,828,416 $2,362,076 Equity - Common Funded RegCF
RAD AI 02/22/2024 DealMaker Securities $53,840,752 $967,366 Equity - Common Funded RegCF
RAD AI 11/03/2023 Wefunder $48,002,823 $1,199,999 Equity - Common Funded RegCF
RAD AI 04/30/2023 Wefunder $18,000,812 $4,152,088 Equity - Common Funded RegCF
Rad Intelligence 09/18/2020 Wefunder $5,000,000 $816,583 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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RAD AI on Dealmaker Securities 2024
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $84,999,998
Price per Share: $0.50

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