Rayyan Systems
Early Stage
An AI tool to extract knowledge from research to accelerate scientific discovery
Overview
Raised: $321,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/10/2021
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$994
# of Investors
61
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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 | |
|---|---|---|
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Revenue |
$0 |
$0 |
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COGS |
$0 |
$0 |
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Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
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Total Assets |
$0 |
$0 |
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Short-Term Debt |
$0 |
$0 |
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Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/10/2021
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