GenesisAI

GenesisAI

Early Stage

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

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

Overview

Raised to Date:
$1,070,000 - RegCF
$1,507,349 - Total

Total Commitments ($USD)

Platform

Netcapital

Start Date

07/19/2020

Close Date

03/22/2021

Min. Goal
$10,000
Max. Goal
$444,609
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$3.11

Pre-Money Valuation

$12,471,815

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2021

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

$4,367

Momentum
Funded
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

C2C

Margin

Low

Capital Intensity

Low

Location

Miami, Florida

Business Type

High Growth

GenesisAI, with a post-money valuation of $14.9 million, is raising funds on NetCapital. It is a machine learning protocol that is used to create a marketplace to buy and sell artificial intelligence technologies at scale. The platform connects companies that need AI services, data, and models with companies wanting to sell and monetize their AI technology. GenesisAI was founded by Harvard graduates Archil Cheishvili, David Fan, and Mina Pascalito Nassif in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $444,609. The proceeds will be used for payroll, sales and marketing, accounting, and legal expenses. GenesisAI is bringing AIs from across the globe together to defeat COVID-19.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-183,454

$-61,790

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$29,694

$70,501

Accounts Receivable

$15,500

$0

Total Assets

$45,194

$70,501

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/19/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GenesisAI 04/26/2024 Netcapital $204,837,084 $704,013 Equity - Common Active RegCF
GenesisAI 03/09/2023 Dalmore Group $189,026,740 $178,759 Equity - Common Funded RegA+
GenesisAI 10/22/2021 StartEngine $88,953,760 $0 Equity - Preferred Not Funded RegCF
GenesisAI 07/15/2021 Netcapital $49,026,348 $3,251,640 Equity - Common Funded RegCF / RegD 506(c)
GenesisAI 03/21/2021 Netcapital $12,471,815 $1,507,349 Equity - Common Funded RegCF / RegD 506(c)
GenesisAI 03/20/2020 Wefunder $7,500,000 $738,640 SAFE Funded RegCF
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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

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GenesisAI on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,471,815
Price per Share: $3.11

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

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