Rayyan Systems

Rayyan Systems

Early Stage

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

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

Overview

Raised to Date: Raised: $321,900

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/09/2021

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    Open SEC Filing

Valuation Cap

Uncapped

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

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

Location

Cambridge, Massachusetts

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

$-377

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$760

$0

Accounts Receivable

$0

$0

Total Assets

$760

$0

Short-Term Debt

$0

$0

Long-Term Debt

$377

$0

Total Liabilities

$377

$0

Financials as of: 06/09/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rayyan Systems 04/14/2024 Wefunder $17,500,000 $133,500 SAFE Funded RegCF
Rayyan Systems 04/29/2022 Wefunder - $321,900 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Rayyan Systems on Wefunder 2021
Platform: Wefunder
Security Type: SAFE

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