AvaWatz

AvaWatz

Growth Stage

A Decision Intelligence Robotics Network

A Decision Intelligence Robotics Network

Overview

Raised to Date: Raised: $843,856

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/14/2023

Close Date

02/20/2024

Min. Goal
$50,001
Max. Goal
$3,881,605
Min. Investment

$250

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$59,250,909

Pre-Money Valuation

$79,001,212

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

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

$2,467

# of Investors

506

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Addison, Texas

Business Type

Growth

AvaWatz, with a valuation of $79 million, is raising funds on Wefunder. 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 $50,001 and a maximum target of $3.9 million. The campaign proceeds will be used for marketing, customer research, new product development, and hiring.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$389,523

$757,681

COGS

$223,485

$416,855

Tax

$0

$0

 

 

Net Income

$-468,980

$65,824

Summary Balance Sheet

FY 2022 FY 2021

Cash

$390,734

$292,359

Accounts Receivable

$0

$75,000

Total Assets

$636,975

$445,689

Short-Term Debt

$200,388

$273,810

Long-Term Debt

$0

$4,189

Total Liabilities

$200,388

$277,999

Financials as of: 03/14/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AvaWatz 06/30/2024 StartEngine $80,847,656 $116,545 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 Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $79,001,212
Price per Share: $4.00

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