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Equity – Common
$51,336,425
06/25/2022
Moraga, California
Business Services, Software, & Applications
EnterpriseTech
AtomBeam, with a valuation of $51.3 million, is raising funds 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. AtomBeam uses the power of a 10% processor and operates up to 400 times the speed of compression to compact data. Charles Yeomans and Asghar Riahi founded AtomBeam in 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,948,670. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
Revenue |
$0 |
$2,000 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
|
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|
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Net Income |
$-2,283,877 |
$-558,738 |
Summary Balance Sheet
Cash |
$333,528 |
$56,099 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$537,644 |
$149,921 |
Short-Term Debt |
$160,925 |
$83,621 |
Long-Term Debt |
$3,992,293 |
$1,516,020 |
Total Liabilities |
$4,153,218 |
$1,599,641 |
Financials as of: 06/24/2022
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