Rayyan Systems

Early Stage

An AI tool to extract knowledge from research to accelerate scientific discovery

Analytics

Raised to Date: Raised: $321,900

Aggregate Commitments $

Platform

Wefunder

Start Date

06/10/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

Uncapped

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

644%

% of Max. Goal

30%

Likelihood of Max
Funded
Avg. Daily Raise

$994

Momentum
Funded
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Location

Cambridge, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Rayyan Systems, an AI-based tool company, is raising crowdfunding on Wefunder. The company has developed an artificial intelligence-powered tool that assists in systematic literature review and speeds up the extraction of relevant information from scientific material. As a result, the tool accelerates scientific discovery. Robert Ayan founded Rayyan Systems in December 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards product development, operations, building strategic partnerships, and sales and marketing. Rayyan Systems is already being used by over 110,000 researchers across 180 countries to conduct research. The tool has been used to review over 200 million research articles to extract and analyze data.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/10/2021
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Rayyan Systems on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE

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