AvaWatz

AvaWatz

Growth Stage

A Decision Intelligence Robotics Network

A Decision Intelligence Robotics Network

Overview

Raised to Date: Raised: $321,840

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/10/2022

Close Date

03/09/2023

Min. Goal
$10,000
Max. Goal
$4,203,440
Min. Investment

$400

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$79,001,212

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

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

$3,657

# of Investors

102

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Addison, Texas

Business Type

Growth

AvaWatz, with a valuation of $79 million, is raising funds on StartEngine. It is a decision-intelligence company that uses collaborative air and ground robots to carry out difficult and dangerous tasks. The company uses artificial intelligence to power an extensive network of Cobots to tackle complex and multi-step assignments. AvaWatz is fully prototyped and has undergone R&D with the US Air Force and Department of Homeland Security. Rajini Anachi and Bala Jana founded AvaWatz in February 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4.2 million. The campaign proceeds will be used for marketing, growth, and expansion.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$757,681

$814,309

COGS

$416,855

$371,559

Tax

$8,000

$0

 

 

Net Income

$65,824

$19,799

Summary Balance Sheet

FY 2021 FY 2020

Cash

$292,359

$329,509

Accounts Receivable

$75,000

$0

Total Assets

$445,689

$424,563

Short-Term Debt

$273,810

$297,326

Long-Term Debt

$4,189

$25,376

Total Liabilities

$277,999

$322,702

Financials as of: 12/10/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AvaWatz 04/28/2024 StartEngine $80,847,656 $101,753 Equity - Preferred Active RegCF
AvaWatz 02/19/2024 Wefunder $79,001,212 $843,856 Equity - Preferred Funded RegCF
AvaWatz 03/08/2023 StartEngine $79,001,212 $321,840 Equity - Common Funded RegCF
AvaWatz 10/27/2022 StartEngine $36,000,000 $810,620 Equity - Common Funded RegCF
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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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AvaWatz on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $79,001,212
Price per Share: $4.00

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