Rovren

Making the power of Computer Vision accessible to everyone

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Security Type
CAFES
Categories
Technology
Min Investment
$100
Location
Salt Lake City, UT
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$124.00K
Security Price
$1
Website
rovren.com
Number of Employees
2
Cash
$46,389
Revenue
$0
Short Term Debt
$-2,611
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Key Deal Facts

$350M in leadership team exit success, including Netgnix, 3insys, SpeedyClick, and Neopets.
A $45B TAM and 20M computer vision students worldwide. This isn't a minor; this's the big league.
Well beyond a proof-of-concept – Rovren is in use today by leading image-processing professionals.
Replacing complexity with modern technology saves 80% of users’ time and cuts costs by 66%.
As AI Computer Vision continues to gain prominence, our solution remains a game-changer.
Working with major research centers like ITRI, University of the Punjab, and more...

Management Team / Advisory Board Bios

Dennis Levitt, Majid Tabibzadeh, Ashim Raiani CEO/CTOOur CEO is not new to the game. We're talking about the track record of execution in Deeptech, Biotech, Edtech, and Proptech. This isn't his first rodeo!, Daniel MaVP of Research, Development, & Engineering ScienceSeasoned expert revolutionizing international and national computer vision landscapes. His transformative leadership at US Manufacturing sets the gold standard, positioning him as the visionary architect of a highly successful Computer Vision venture., Steve NooneVP of Product Design and Marketplace VerticalA 15-year SAAS maestro with a portfolio featuring innovation giants like Apartments.com. A UI/UX virtuoso, he excels in streamlining human-computer experiences. Launched game-changing solutions that satisfy market demands while being a joy to use., Vicky Zhan Head of East Asia Business DevelopmentAs a high-impact Marketing Team Lead at top-tier European and U.S. enterprises like Kontron and Essilor, she's showcased a masterful command of Computer Vision software marketing—serving as a linchpin for unparalleled success., Shailesh DavaraVice President Operations (South Asia)Shailesh is an experienced Vice President of Operations in the IT industry with over 15 years of proven success. He has a track record of effectively leading and managing complex operations, driving continuous improvement, and delivering results.
Amount Raised : $129,412
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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