Rayyan Systems Inc.

An AI tool to extract knowledge from research to accelerate scientific discovery

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Security Type
Technology, Financial Services, Community & Lifestyle
Min Investment
Cambridge, MA
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Pitch Video

Investor Panel
Investor Panel
400,000 researchers from 20k+ organizations across 180 countries use Rayyan to conduct research
1 Billion research studies have been reviewed using Rayyan
1 Million research projects have been started on Rayyan with 1000+ new ones started per day
20 million annotations to data are made in a single 30 day period.
20,000+ researchers are signing up monthly by word of mouth alone
Revenue generating covering 30%+ of monthly expenses with revenue rising.

Management Team / Advisory Board Bios

Robert Ayan CEOExecutive with prior B2B SaaS, cloud startup experience in product management. Planned a Startup City backed by Peter Thiel; planned a science park and developed policies for a national innovation system. Computer science/MIS degree. MIT MBA., Hossam HammadyVice President, EngineeringHighly seasoned full stack software architect and engineer who leads the engineering team at Rayyan., Marc KeylardVice President, Global PartnershipsInternational B2B sales leader in the professional information services industry with a track record for accelerating growth at successful start-ups and as a senior sales manager at Wolters Kluwer Health., Amin ShanaaHead of ProductExperienced entrepreneurial product manager with a track record of defining and delivering differentiated products that grow market share and build customer loyalty rapidly.
Amount Raised : $286,900
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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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