Riemann Computing (formerly Stark Drones)
About this raise
Stark Drones, with a valuation of $20.6 million, is raising funds on NetCapital. The company is building technologies to disrupt the telecom and infrastructure industries. Stark Drones is building a variety of things, including air-powered batteries, cost-efficient internet balloons, distributed and decentralized grids, and power walls, to make huge strides in a variety of industries. The company has tested some of its products and aims to grow through research initiatives, potential joint ventures, government collaborations, and selling its products. Andrew Magdy Kamal founded Stark Drones in February 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $810,000. The campaign proceeds will be used for research and development, legal expenses, compensation for managers, starting a lab facility, marketing, hiring, and debt repayment.
Investment Overview
Committed : $79,206
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 09/27/2023
- Close Date
- 06/13/2025
$10,000
$810,000
$99
Equity - Common
Early Stage
RegCF
$0.79
$20,625,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2024
- Monthly Burn
-
$5,700
as of FY2024
-
Runway
-
1.1 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $81,374
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/13/2025 | Netcapital | $20,625,000 | $79,206 | Equity - Common | Active | RegCF |