GenesisAI is building a marketplace for AI products and services to connect companies in need of AI services, data, and models with other companies interested in monetizing their AI tech. Founded by Harvard alum, GenesisAI is aiming to disrupt the $210B AI market.

CEO: Archil Cheishvili
Headquarters: Miami, FL
Founded: 2018

Raised: $5 million from 4,200+ Investors
Traction: Revenue generating & 2,000+ users
Product: Product launched with over 35 AI models on GenesisAI platform.

Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.

EnergyX Secures $50 Millions For Making Big Waves In The Energy Storage Market

As a developer of next-generation battery and direct lithium extraction technology, Energy Exploration Technologies Inc. (EnergyX) is in a prime position to disrupt the energy storage market. And with the market projected to reach $546 billion within the next 12 years, there’s plenty of room for growth.

Don’t Miss: Qnetic Unveils Revolutionary Flywheel Energy Storage System to Accelerate Renewable Energy Adoption

The company didn’t stop after raising more than $10 million on Netcapital Inc.. More recently, it secured a $50 million Series B financing round from GM Ventures. In addition to the funding, the company reached an agreement with General Motors Co. to develop EnergyX's lithium extraction and refinery technology. 

EnergyX CEO Teague Egan said he is excited about the progress his team has made over the past five years. He believes that this investment and partnership will help the company solve the bottlenecks associated with limited global lithium production.

“This single bottleneck (a massive lithium shortage) is the biggest challenge to scaling EV (electric vehicle) production. We will unlock lithium supply in the U.S., a pivotal move in expanding the EV industry. There are many ways of gauging success, but few are more rewarding than the support of leaders like GM,” Egan said. “We're energized by GM's investment and will keep a Day 1 attitude as we pursue our goal of making EnergyX the biggest lithium company in the world."

Don’t Miss: The House-Printing Robot Shaking Up a $7.28 Trillion Industry

Other Companies On Netcapital With A Bright Future

Not every company that raises money on Netcapital will close a future financing round, but there’s no shortage of opportunities for investors to consider. Here are three to consider.

GenesisAI

GenesisAI is a global artificial intelligence (AI) network that facilitates the efficient buying and selling of AI technologies at scale. In addition to its current round on Netcapital, GenesisAI previously raised $3.8 million on the platform. With the market for AI services expected to reach $2.8 trillion by 2030, the company is well-positioned to maintain its status as a top player in the space. 

To stay updated with top startup news & investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter

Avadain

Avadain Inc. has developed a disruptive green technology that produces high-quality, high-demand graphene. The global graphene market is estimated to be worth $100 billion. Avadain's technology is globally patented and has received backing from Panasonic Holdings Corp. as well as a federal grant. To date, it has raised $388,440 on Netcapital.

EarthGrid PBC

EarthGrid PBC’s tunnel-boring technology is designed with the purpose of creating a vast underground network of tunnels. The primary objective of this network is to eliminate the use of fossil fuels and provide several essential services to the public such as high-speed internet, clean water, wastewater management and transportation and delivery services. To date, it has raised $660,342 on Netcapital.

See more on startup investing from Benzinga.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsStartupsTechGenesisAIstartup crowdfunding
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!