Smart IOPS

Smart IOPS

Growth Stage

Making Data Alive

Making Data Alive

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$1.86

Pre-Money Valuation

$120,271,173

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

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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Smart IOPS on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $120,271,173
Price per Share: $1.86

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