ALBI

BETA

AI-Powered Meeting Assistant — Helping teams have productive meetings

Analytics

Raised to Date: $865,215

Aggregate Commitments $
Platform

Wefunder

Start Date

05/14/2020

Close Date

07/30/2020

Min. Goal

$350,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,500,000

Discount Rate

7%

Weekly Commitments $
Status
Funded
Reporting Date

08/02/2020

Days Remaining
Funded
% of Min. Goal

247%

% of Max. Goal

81%

Likelihood of Max
Funded
Avg. Daily Raise

$11,237

# of Investors

1,077

Momentum
Funded
Location

Clackamas, OR

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

ALBI, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The software uses natural language processing and artificial intelligence technology to automate the process of taking minutes of meetings. ALBI captures and summarises meeting notes, captures action items, and shares them with the team, working as a smart personal assistant. ALBI was founded by Cody White and Met Wu in 2018 and has raised over $500,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $350,000 and a maximum target of $600,000, will be used in engineering, sales and marketing, and operations. ALBI can be integrated with Google Hangouts, Google Calendar, and Zoom, and already has more than 30 beta customers, including three Fortune 500 companies.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-58,586

$-24,320

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$70,064

$27,650

Accounts Receivable

$0

$0

Total Assets

$70,064

$27,650

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 08/23/2020

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