Simpli-Fi Automation

Simpli-Fi Automation

Early Stage

Develop AI-powered medical diagnostic and human performance technologies using Breath Biomarkers

Develop AI-powered medical diagnostic and human performance technologies using Breath Biomarkers

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/13/2024

Close Date

09/30/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,200,000

Valuation Cap

$8,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

135

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

St. Paul, Minnesota

Simpli-Fi Automation, with a valuation of $8 million, is raising funds on Wefunder. The company has developed medical diagnostic and human performance technologies using Breath Biomarkers. Simpli-Fi Automation’s technologies, including the NASA e-Nose technology, are powered by artificial intelligence and can be used for human medical purposes. The company is currently manufacturing its commercial beta prototype for pre-clinical validation and has been selected for the Defense Innovation Unit Military Health Readiness Platform. Christopher Campbell founded Simpli-Fi Automation in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for beta device manufacturing, manufacturing tooling and setup, pre-clinical trials, continued R&D, operations, and staffing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$50,000

$59,947

COGS

$32,587

$48,433

Tax

$0

$0

 

 

Net Income

$-390,161

$-133,717

Summary Balance Sheet

FY 2023 FY 2022

Cash

$34,450

$15,675

Accounts Receivable

$0

$0

Total Assets

$1,548,050

$77,575

Short-Term Debt

$102,000

$43,967

Long-Term Debt

$0

$0

Total Liabilities

$102,000

$43,967

Financials as of: 05/13/2024
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Simpli-Fi Automation on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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