Xairos

Xairos

Early Stage

A global timing service

A global timing service

Overview

Raised this Round: Raised: $460,031

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/31/2023

Close Date

07/20/2023

Min. Goal
$10,000
Max. Goal
$2,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$20,000,000

Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Lone Hill, Colorado

Business Type

Growth

Xairos, with a valuation of $20 million, is raising funds on StartEngine. The company is building a global timing service demonstrated to be more accurate and secure than GPS timing. The business deploys Quantum Clock Technology that uses laser communications to provide accurate timing through satellite and fiber networks. Xairos has received a $250,000 grant from the State of Colorado and contracts of $500,000 from NASA, the US Air Force, and the US Navy. David Mitlyng and Dr. James Troupe founded Xairos in March 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2 million. The campaign proceeds will be used for research and development, company employment, and operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-786,349

$-567,288

Summary Balance Sheet

FY 2022 FY 2021

Cash

$23,590

$103,481

Accounts Receivable

$0

$0

Total Assets

$98,060

$103,481

Short-Term Debt

$79,470

$30,363

Long-Term Debt

$1,869,199

$1,269,410

Total Liabilities

$1,948,669

$1,299,773

Financials as of: 01/31/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Xairos 07/19/2023 StartEngine $20,000,000 $460,031 Equity - Common Funded RegCF
Xairos 05/30/2022 Spaced Ventures $10,000,000 $413,516 Convertible Note Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Xairos on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $1.00

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Follow Xairos on StartEngine 2023

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