Smart IOPS

Smart IOPS

Closed: Jan. 2023

About this raise

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.

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Investment Overview

Invested this round: $360,549

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
09/13/2022
Close Date
01/12/2023
Min. Goal
$9,999
Max Goal
$1,069,998
Min. Investment

$498

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.86

Pre-Money Valuation

$120,271,173

Company & Team

Company

Year Founded
2013
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Milpitas, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
50
Prior Founder Exits?
No
Founder Name
Ashutosh Das
Title
CEO and President
Founder Name
Radhakrishnan Nair
Title
COO
Founder Name
Manuel d'Abreu
Title
Chief Scientist and Senior VP

Financials

 Revenue
$326,830
 Monthly Burn
$129,922
 Runway
3.5 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,655,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/12/2023 StartEngine $120,271,173 $360,549 Equity - Common Funded RegCF
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Add to portfolio
Smart IOPS on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $120,271,173
Price per Share: $1.86

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Follow Smart IOPS on StartEngine 2022

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Warning: according to the close date for this deal, Smart IOPS may no longer be accepting investments.

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