About this raise
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.
Investment Overview
Invested : $460,031
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 02/01/2023
- Close Date
- 07/20/2023
$10,000
$2,000,000
$250
Equity - Common
Seed
RegCF
$1.00
$20,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,125,605
- Grants
- $250,000
- VC Backed?
- Yes
Growth Charts
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.