AtomBeam on StartEngine 2022 – KingsCrowd

AtomBeam on StartEngine 2022 – KingsCrowd

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Security Type

Equity – Common

Pre-Money Valuation

$51,336,425

Reporting Date

06/25/2022

Likelihood of Max

Momentum

cold.svg

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Location

Moraga, California

Industry

Business Services, Software, & Applications

Tech Sector

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

 

 

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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Raise History

AtomBeam 09/22/2022 StartEngine $51,336,425 $0 Equity – Common
Active
RegCF
AtomBeam 09/15/2021 StartEngine $10,000,000 $2,571,098 Convertible Note
Funded
RegCF

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