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Security Type
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Equity
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Categories
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Other
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Min Investment
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$276
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Offering Date
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May 07, 2020
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Expected Close Date
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August 06, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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$0.69 per share
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Valuation
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$10,500,000
Company Description
A world leader in AI avatar-based simulation training for government and academic applications is now expanding its global offerings into the high-demand need for corporate training and hiring. In a time of social distancing due to COVID-19, Alelo’s remote training methods are transforming communication and language skills worldwide.
Perks
$500 – Exclusive 1-Year Subscription: Normally only available to corporate clients, get an exclusive 1-year individual subscription to Enskill® EPC or Enskill® English to hone your communication skills with our AI avatars.
$1,000 – Investor Video Conference: Get the Exclusive 1-Year Subscription perk plus get insider information on Alelo in the quarterly Investor Video Conference, including what’s new with Alelo, advancements in Alelo’s cutting-edge technology, and Alelo’s vision moving forward.
$1,500 – Bonus Gift Subscription: Get the Exclusive 1-Year Subscription and Investor Video Conference perks, plus a bonus gift subscription for someone you know to Enskill® EPC or Enskill® English to hone his/her communication skills with our AI avatars.
$10,000 – Company Tour + Avatar in Your Image: Spend the night at the Luxe Sunset or Luxe Rodeo Drive and tour Alelo. Plus get an avatar made in your image! Share it by phone or social media, and we’ll even use your avatar in our products, if you agree. Airfare to Los Angeles not included.
Key Deal Facts
- Alelo’s proven track record with AI avatar-based training for government and academic applications makes us uniquely qualified to meet these fast-growing corporate training needs.
- Your investment will propel Alelo’s global expansion into the high-demand enterprise market. Our new corporate products are developed and already in use.
- The need for social distancing due to the COVID-19 pandemic is driving demand for effective online learning solutions. Alelo has been ahead of the curve on remote learning and is poised to meet this vital and growing demand.
Use of Proceeds
Marketing: 50%
Working Capital: 0 - 46.5%
Research & Development: 0 - 46.5%
StartEngine Platform Fees: 3.5%
Management Team / Advisory Board Bios
Lewis Johnson - President and CEO
Karen Chiang - Board Member
Eli Eisenberg - Interim CFO & Consultant
Cliff Kamida - Vice President for Production
Brenda Lindsay - Senior Project Manager
Richard Koffler - Board Member
Alicia Sagae - Principal AI Engineer
Tom Chun - Board Member
