GenesisAI on Wefunder

The Global AI Network. Buy and sell AI technologies at scale.

Raise to date: $738,640

Reporting Date: 04/05/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

01/16/2020

Stop Date

03/21/2020

Days Remaining

Closed

Security Type

SAFE

Investment Minimum

$300

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

1,069

% of Minimum Raised

1,477%

% of Maximum Raised

69%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$11,364

DPD* Category

$0

DPD* All Companies

$1,045

Kingscrowd Momentum

$738,640

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

GenesisAI, with a valuation cap of $7.5 million, is raising funds on WeFunder. The company provides a global AI network to buy and sell artificial intelligence technologies. GenesisAI is a machine learning protocol, in addition to being a marketplace for AI products and services. It is making AI accessible, affordable, and more efficient. GenesisAI was founded by Archil Cheishvili, David Fan, and Mina Pascalito Nassif, and has raised over $374,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used towards product development, business development, operations, cost of marketing, cost of personnel, office space, travel, and logistics. GenesisAI already has a beta product and has agreements with more than 20 AI firms.

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