AIEDC

AIEDC

Testing the Waters
Early Stage

Artificial Intelligence as a Service

Artificial Intelligence as a Service

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

02/10/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$104

Security Type

Equity - Common

SEC Filing Type

Test the Waters    Open SEC Filing

Price Per Share

$10.40

Pre-Money Valuation

$6,861,920

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2021

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

$0

Momentum
Funded
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Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Location

Huntington Beach, California

Company Website

AIEDC, with a post-money valuation of $6.86 million, is Testing the Waters 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.
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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

Funding data not publicly available

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AIEDC on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,861,920
Price per Share: $10.40

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View on Netcapital (Testing the Waters)
Deal Analytics
Deal Considerations

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Warning: according to the close date for this deal, AIEDC may no longer be accepting investments.

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