Xairos

Early Stage

A global timing service

Overview

Raised to Date: Raised: $181,661

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/01/2023

Close Date

04/02/2023

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

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

10

% of Min. Goal

1,817%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,633

# of Investors

168

Momentum
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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

Company Website

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-567,288

$-615,448

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$103,481

$99,971

Accounts Receivable

$0

$0

Total Assets

$103,481

$99,971

Short-Term Debt

$30,363

$0

Long-Term Debt

$1,269,410

$823,356

Total Liabilities

$1,299,773

$823,356
Financials as of: 02/01/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Xairos 04/02/2023 StartEngine $20,000,000 $181,661 Equity - Common Active RegCF
Xairos 05/31/2022 Spaced Ventures $10,000,000 $413,516 Convertible Note Funded RegCF
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Xairos on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000

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