Acciyo
Early Stage
AI-powered desktop extension that puts news in context
Overview
Raised: $147,363
Total Commitments ($USD)
Platform
Republic
Start Date
01/22/2020
Close Date
07/15/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$50
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$847
# of Investors
620
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Acciyo, with a $3 million valuation cap, is raising funds on Republic. The company provides an AI-enabled desktop extension to put news articles in context. The artificial intelligence technology helps users to understand the history behind a news topic and assimilate difficult and time-consuming news. Acciyo populates the previous chapters of a news story when users are reading the current article. Acciyo was founded by Anum Hussain and Vivian Diep in January 2018 and has raised over $300,000 since its inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $107,000, and the proceeds will be used to expand the full product suite and to increase the number of desktop readers. Acciyo already has over 200 private beta users, with the public beta expected to launch in the first quarter of 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-184,985 |
$-21,910 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$76,605 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$113,105 |
$3,200 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/22/2020
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