Riemann Computing (formerly Stark Drones)

Riemann Computing (formerly Stark Drones)

Open  for investment

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.

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Investment Overview

Committed this round: $79,206

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
09/27/2023
Close Date
06/13/2025
Min. Goal
$10,000
Max Goal
$810,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.79

Pre-Money Valuation

$20,625,000

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Sterling Heights, Michigan
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Andrew Kamal
Title
CEO

Financials

 Revenue
$0
as of FY2024
 Monthly Burn
$5,700
as of FY2024
 Runway
1.1 months
as of

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$506

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-81,343

$-86,869

Summary Balance Sheet

FY 2024 FY 2023

Cash

$23,034

$40,234

Accounts Receivable

$0

$0

Total Assets

$48,061

$67,171

Short-Term Debt

$0

$0

Long-Term Debt

$138,515

$110,000

Total Liabilities

$138,515

$110,000

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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
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Add to portfolio
Stark Drones on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $20,625,000
Price per Share: $0.79

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Follow Stark Drones on NetCapital 2023

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