AtomBeam

Neutral
BETA

Radically Efficient Software for IoT

Analytics

Raised to Date: $294,455

Aggregate Commitments $
Platform

StartEngine

Start Date

01/13/2021

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

93

% of Min. Goal

2,945%

% of Max. Goal

28%

Likelihood of Max
Avg. Daily Raise

$26,769

# of Investors

189

Momentum
Location

Moraga, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

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

Ratings

last updated 01/26/2021

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