AtomBeam
Radically Efficient Software for IoT
Analytics
Raised to Date: $294,455
Aggregate Commitments $
StartEngine
01/13/2021
04/30/2021
$10,000
$1,070,000
$500
Convertible Note
RegCF
Seed
$10,000,000
20%
Weekly Commitments $
Active
01/24/2021
93
2,945%
28%
$26,769
189
Moraga, California
Business Services, Software, & Applications
EnterpriseTech
B2B
High
Low
AtomBeam, with a valuation cap of $10 million, is raising crowdfunding on StartEngine. The company has developed an advanced software technology that helps reduce the size of the internet of things files by 75%. The technology uses machine learning and adds a high level of security to the data. Charles Yeomans and Asghar Riahi founded AtomBeam in 2017. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used to deploy the software and start earning commercial revenue. AtomBeam’s technology can be used in any IoT device and will help reduce cost along with the size of files.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-822,940 |
$-386,369 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$65,860 |
$78,798 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$128,647 |
$115,547 |
|
Short-Term Debt |
$89,997 |
$13,914 |
|
Long-Term Debt |
$830,595 |
$0 |
|
Total Liabilities |
$920,592 |
$277,000 |
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