AIEDC

AIEDC

Early Stage

Artificial Intelligence as a Service

Artificial Intelligence as a Service

Overview

Raised to Date: Raised: $150,363

Total Commitments ($USD)

Platform

Netcapital

Start Date

05/12/2021

Close Date

04/28/2023

Min. Goal
$10,005
Max. Goal
$249,600
Min. Investment

$104

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.40

Pre-Money Valuation

$6,612,320

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$210

Momentum
Funded
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Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Huntington Beach, California

Business Type

Growth

Company Website

AIEDC, with a post-money valuation of $6.86 million, is raising funds on NetCapital. The company makes 5G-cloud mobile apps and provides machine learning for small businesses to create their own apps. The Artificial Intelligence Economic Development Corporation (AIEDC) provides Artificial Intelligence as a Service (AIaaS). Leonard S. Johnson founded AIEDC in 2017. The current crowdfunding round of the company has a minimum target of $10,004.80 and a maximum target of $249,600, and the proceeds will be used for cloud computing and data hosting, management compensation, outsourced development compensation, and SG&A. AIEDC is led by a team of entrepreneurs, leading scientists, and machine learning leads. The company has a multi-year partnership agreement with the Lodz University of Technology and expects to generate high revenues soon.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-24,600

$-29,600

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,802

$31,254

Accounts Receivable

$0

$0

Total Assets

$11,802

$31,254

Short-Term Debt

$600

$600

Long-Term Debt

$0

$0

Total Liabilities

$600

$600
Financials as of: 05/12/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AIEDC 04/27/2023 Netcapital $6,612,320 $150,363 Equity - Common Funded RegCF
AIEDC 05/11/2021 Netcapital $6,861,920 $0 Equity - Common Funded Test the Waters
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Price per Share History

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

Valuation History

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.

Employee History

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AIEDC on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,612,320
Price per Share: $10.40

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