Soar Robotics

Soar Robotics

Closed: Mar. 2020

About this raise

Soar Robotics, with a valuation cap of $7 million, is raising funds on Republic. The company produces autonomous aerial vehicles or drones with the use of cloud-based artificial intelligence. The drones, thus, become smart and connected and can automate the work of humans in industries. Soar Robotics was founded by Kerem Ozkan and Deniz Kalaslioglu in July 2019. The current crowdfunding round of Soar Robotics has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to build multi-agent systems. Soar Robotics has already secured deals with security and renewable energy companies and has delivered more than 10,000 hours of autonomous flights and more than 50,000 successful precision landings.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
09/05/2019
Close Date
03/10/2020
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Industrial Services
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
West Hollywood, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Kerem Ozkan
Title
CEO & Managing Director
Founder Name
Deniz Kalaslioglu
Title
CTO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/10/2020 Republic $7,000,000 $1,070,000 SAFE Funded RegCF
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Soar Robotics on Republic
Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

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

Soar Robotics Deal Report

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