Outlier Ai Financing
Outlier Ai, Inc., Corporation just released form D announcing $1.16 million equity financing. This is a new filing. Outlier Ai was able to finance itself with $1.16 million. That is 99.88% of the round of financing. The total private financing amount was $1.16 million. The private financing document was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $1,363 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Outlier Ai is based in California. The firm’s business is Other Technology. The form was submitted by Sean Byrnes Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 5931 Keith Avenue, Oakland, Ca, California, 94618. Sean Byrnes is the related person in the form and it has address: Po Box 3860, Oakland, Ca, California, 94609-0860. Link to Outlier Ai Filing: 000164714016000003.
Analysis of Outlier Ai Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Outlier Ai sold 99.88% of the offering. The fundraising is still open. Could this mean that the trust in Outlier Ai is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 24.54% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Outlier Ai Also
The Form D signed by Sean Byrnes might help Outlier Ai, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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