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Security Type
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Common Stock
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Categories
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Technology, Service Businesses, Consumer Goods & Products, Art & Collectibles
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Min Investment
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$385
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Location
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SCOTTS VALLEY, CA
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Offering Date
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November 11, 2021
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Expected Close Date
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April 06, 2023
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Target Raise
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$10.00K-$2.50M
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No. Investors
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723
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Security Price
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$2.75
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Valuation
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$41,122,890
- Number of Employees
- 56
- Cash
- $887,867
- Revenue
- $8,295,461
- Short Term Debt
- $971,039
- Cost of Goods
- $3,469,453
- Long Term Debt
- $930,000
- Net Income
- $-1,158,308
Company Description
Our mission is to help the world better understand and control the enormous impact of weather. Our exclusive data and AI-driven modeling deliver more accurate weather information, resulting in better decision-making and significant cost savings for our customers. As the climate changes and the impact of weather increases, the value of our service - and its importance to the planet - will only grow larger.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$325+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$325+ Investment
Tier 1
Invest $325+ and receive a 10% discount on our products for one year + a sweatshirt.
$1,000+ Investment
Tier 2
Invest $1,000+ and receive a 15% discount on our products for one year + a sweatshirt.
$2,500+ Investment
Tier 3
Invest $2,500+ and receive a 15% discount on our products for two years + a sweatshirt + 5% bonus shares.
$5,000+ Investment
Tier 4
Invest $5,000+ and receive a 15% discount on our products for five years + a sweatshirt + 10% bonus shares.
$10,000+ Investment
Tier 5
Invest $10,000+ and receive a 20% discount on our products for five years + a sweatshirt + 15% bonus shares.
$20,000+ Investment
Tier 6
Invest $20,000+ and receive a 20% discount on our products for five years + a sweatshirt + 25% bonus shares.
Key Deal Facts
Our fast growing company has solid traction and a clear path toward greater success, with more than 60,000 paying customers and millions of users. In three years, our annual revenue has grown to over $8m, and we are just getting started.
Weather has a huge impact on $85 Trillion Global GDP. The current market for weather data and decision support already exceeds $7 billion and the addressable market is much larger - and growing. Climate Change is fueling demand for more and better weather data. Our products are disrupting the existing, fragmented market and positioning us to take advantage.
Defensible Proprietary Advantages. Our powerful Nearcast Technology™ leverages strategic patents and proprietary data to guarantee better results for customers. Our expanding network of Tempest Hardware systems (over 35,000 already deployed) combined with our AI-based weather modeling gives us an unrivaled advantage over would-be competitors.