webAI is an AI infrastructure company with a mission to create personalized data models that users can control. Aiming to deploy web models to an existing infrastructure, the company’s technology is used for industries such as aerospace, retail, manufacturing, education, and logistics. webAI was founded in 2020 by David Stout, Ethan Baird, James Meeks, Kim Majali, and Tyler Mauer and is headquartered in Grand Rapids, Michigan.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/10/2024 | Series A-2 | $2.59MM | $xx.xx | $700.41MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
291,357
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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09/10/2024 | Series A-1 | $40.41MM | $xx.xx | $700.41MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,091,546
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
03/11/2022 | Series Seed-3 | $1.54MM | $xx.xx | $94.21MM | Ascolta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,399,758
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Ascolta Ventures
|
||||||
03/11/2022 | Series Seed-2 | $4.65MM | $xx.xx | $94.21MM | Ascolta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,764,569
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Ascolta Ventures
|
||||||
03/11/2022 | Series Seed-1 | $10.81MM | $xx.xx | $94.21MM | Ascolta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,881,801
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Ascolta Ventures
|