Smart IOPS
Growth Stage
Making Data Alive
Overview
Raised: $360,549
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/12/2022
Close Date
01/12/2023
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$498
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.86
Pre-Money Valuation
$120,271,173
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,980
# of Investors
42
Momentum
Funded
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Year Founded
2013
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Smart IOPS, with a valuation of $120 million, is raising funds on StartEngine. The company makes data storage and analytics products for next-gen applications. The products of Smart IOPS use TruRandom technology to make a high number of IO operations possible, store terabytes of data and do so with remarkably low IO latency. The solid state devices (SSDs) of Smart IOPS are capable of pushing 1.7 million random read IOPS and can be deployed in high-end enterprise-grade servers. Ashutosh Das founded Smart IOPS in October 2013. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1,069,998.48. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$326,830 |
$0 |
|
COGS |
$456,724 |
$149,579 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,559,061 |
$-2,572,405 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$454,526 |
$704,907 |
|
Accounts Receivable |
$102,300 |
$0 |
|
Total Assets |
$910,923 |
$873,257 |
|
Short-Term Debt |
$72,454 |
$121,638 |
|
Long-Term Debt |
$2,303,159 |
$687,426 |
|
Total Liabilities |
$2,375,613 |
$809,064 |
Financials as of: 09/12/2022
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