Mod Tech Labs

Digitizing The Real World With 3D Digital Media

Security Type: Preferred Stock
Categories: Technology, Retail, Marketing & Advertising
Min Investment: $100
Location: Austin, TX
Offering Date: July 30, 2021
Expected Close Date: April 30, 2022
Target Raise: $50.00K-$1,000.00K
Security Price: $1.27
Valuation: $8,000,000
Website: modtechlabs.com

Number of Employees: 4
Cash: $58,483
Revenue: $34,275
Short Term Debt: $10,456
Cost of Goods: $11,122
Long Term Debt: $358,128
Net Income: $-403,121

Company Description

MOD is smart processing for imagery data—enabling companies to make their visual content faster and more affordably than ever before.

Key Deal Facts

An all-in-one automated platform using AI to supercharge the $175B 3D Technology market
$750k in VC Investment
350k assets created using MOD
8K Downloads of 3D capture app on iOS and Android
1600+ Daily Active Users
No-code cloud based AI speeds up delivery by up to 99%: less downtime, fewer technical staff.
Previous work: Sony, Gameloft, GameHouse, XR Studio, Two Bit Circus, KPMG, Quantum Rehab
Partnerships include Intel, NVIDIA, Autodesk, SideFX, Agiosoft, AWS, IO Industries

Use of Proceeds

($50,001) 6.5%: Wefunder Fees 40%: salaries, expenses daily to day ops, Marketing 23.5%: Website, PR, Ad spend, Conferences + Travel, Sales Hires 20%: SDRs, Director 10%: Patent
($999,999) 6.5% for Wefunder Fees 33%: salaries, expenses daily to day ops 20.5%: Marketing through ad spend, Conferences + Travel, Website , Sales Hires 10%: SDRs, Director, BD, Engineers 28%: Python Developer, Machine Learning Developer 2%: Patent

Management Team / Advisory Board Bios

Alexandria Porter, CEO & Co- Founder
Previously CEO & Founder @Underminer Studios; BS in Interior Design and Construction Technology: Intel Top Innovator since 2017, NVIDIA Inception Member, Forbes Next 1000, Woman's Way Rising Star 2021, CTA Chair.

Timothy Porter, CTO & Co-Founder
Previously Tech Artist @GameLoft, @Gamehouse, @Two Bit Circus; Pipeline Technical Director @Sony; Previous CTO & Founder @Underminer Studios; BS Computer Animation @Full Sail University; Intel Top Innovator; NVIDIA Inception Member; CTA Chair.

Dakota Lyons
BS @ Missouri University of Science and Technology: Computer Engineering and Computer Science. Developer @ U.S. Geological Survey (USGS) Sep 2019 – Aug 2020: Full Stack Developer

Amount Raised : $67,684

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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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