WUSA Channel 9
A Drone That Could Save Your Life In a Mass Casualty Situation
Airgility, Inc.
Autonomous vehicles with endless possibilities
College Park, MD
Technology
Airgility is a company dedicated to making a big social impact by creating unparalleled aerial unmanned systems that can fly anywhere, including areas where there is limited or no GPS access and in confined areas. These capabilities allow Airgility to conduct the most important missions which include search & rescue, protecting our borders, delivering medical supplies to remote areas and many more important missions. Our drones utilize artificial intelligence and machine learning so they can perceive their surroundings, which enables them to map areas, track objects and provide analytical feedback in real-time.
$950,328
raised
1,463
Investors
$12M
Valuation
$1.09
Price per Share
$248.52
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on October 20, 2020 and is no longer accepting investments.
Reasons to Invest
Patent protected drones made in the USA, designed to save lives in areas where GPS navigation is inaccessible
Five successful field deployments with the Department of Homeland Security focused on search & rescue in the last two years
Featured in the news and listed among the "Top Ten Regional Companies on the 2019 Greater Washington i-list", an award for the most innovative companies in the region
"Whether delivering medical supplies, conducting search and rescue, or protecting our borders, Airgility provides the best-in-class aerial systems."
The Problem
Most drones today are limited by computational capacity and require... humans
Robots have the capability to save lives either by removing people from danger or preventing people being sent into dangerous situations. But artificial intelligence is under-used due to limited computational power. Robots that require cloud connectivity are useless in many natural disaster locations where opposing forces such as weather conditions, thick walls, and tunnels directly interfere with the connection to remotely operate the vehicle.
The Solution
Self-contained robots with autonomous technology to save lives
Airgility builds AI-powered aerial robots for public safety, security & defense, and the commercial sector capable of both outdoor and indoor autonomous, self-directed flight. Powered by Airgility's proprietary operating system, aerial robots can operate independently in complex environments, leveraging artificial intelligence and machine learning to determine what they should do, when they should do it, and how they should complete the task. Airgility is creating drone platforms that do not rely on human control or GPS information. Airgility's unique technology is built upon the fusion of multiple redundant sensors, mapping for obstacle avoidance, and autonomous flight.
Autonomous and Efficient
Our unique algorithm allows for ultimate efficiency, employing autonomous functionality when necessary for effective prioritization of tasks in emergency situations. Airgility's drones provide information in real-time, improving decision-making in the critical moments of a disaster.
Modular Design
Our drones are built with modular components, allowing for simple on-site repair in the event of a crash or component failure.
Maximum Maneuverability (VTOL)
We maximize aerodynamic agility through our Vertical Takeoff and Landing (VTOL) hybrid. In emergency situations, our drones have the ability to fly fast and far, converting power to get where they are needed quickly and navigate tight spaces once they arrive.
Our Traction
Preorders from the Department of Homeland Security and picking up speed
After being selected as part of the Department of Homeland Security’s prestigious “Smart Cities Program," Airgility has received preorders from the Department of Homeland Security. Airgility was awarded a National Science Foundation (NSF) grant, and we are graduates of the NSF i-corps program. We have one patent issued and two patents pending.
Airgility was selected as one of 10 startups to participate in the U.S. Air Force Lab with MassChallenge, a 2 year pilot project to accelerate technological development. Our drones have been featured on news stations such as WUSA9, as well as listed among the “top ten regional companies on 2019 Greater Washington i-List”, by the Northern Virginia Chamber of Commerce.
And some great press!
The Market
The commercial drone industry is taking off
The commercial drone industry has taken off since 2016 when the Federal Aviation Administration (FAA) implemented regulations for unmanned aircrafts. Unmanned aircraft have the potential to create the greatest business value in the construction, mining, and agriculture industries.
What We Do
Changing the way we respond in the face of disaster
Airgility creates efficient, self-contained robots with systems that achieve speed in decision-making using machine learning (ML) on-demand and fast tracking algorithms. Our robots use a proprietary blend of ML and non-ML algorithms to identify, prioritize, and track items, people, and actions of interest so that navigation and mission-specific decisions can be made within the context of the environment. This gives them the ability to perform a multitude of tasks from delivering medical supplies, to conducting search and rescue operations, to protecting our borders.
Airgility is developing a hybrid VTOL platform that offers broad operational impact and logistics. Our DS-1 model can autonomously explore dangerous environments to find signs of life or to search out and track targets of interest. Video, 3D mapping, and sensor fusion are used to navigate indoors and in environments where GPS is intermittent or unavailable. The DS-1 allows for AI/neural 3D imaging, navigation, and machine reasoning in environments where GPS is unreliable.
*The photos of MS-1 and HS-1 are based on prototypes, actual products are still in development.
Coming Soon: DS-1 drone to help the fight against COVID-19
Airgility has been engaged by ReMUV LLC through an MOU to develop a robotic solution to combat COVID-19 using our DS-1 drone, outfitted with UVC light technology to disinfect indoor and outdoor spaces. Imagine places that can be disinfected chemical-free before big conferences, sporting events, concerts, etc. We expect to launch these drones in late Summer/early Fall 2020.
The Business Model
Versatile products and established relationships
We are in the product launch stage for our first drone, the DS-1 after creating functional prototypes and conducting multiple testings and demonstrations. Our revenue will come from selling the DS-1 and the software platform for specific use cases such as the first responders/public safety market, inspection (industrial/internal) and insurance.
We plan to sell our DS-1 drones for between $5K and $10K and cost us approximately $1K to build. Our sales are done through direct to business and direct to government. We are exploring subprime relationships with large government contractors and plan to establish reseller/distribution relationships (with some already in place).
The MS-1 and HS-1 are currently under development. The MS- has been supported by $150K in grants to us from the Maryland Industrial Partnership, and the HS-1 has received $300K in grants from the Maryland Industrial Partnerships to support its R&D.
How We Are Different
AI-powered autonomy
Airgility defies the limitations of many drones on the market through its enhanced ability to detect objects, humans, spaces, and the relationships between them. These capabilities allow for wide-reaching applications in a variety of industries, with the potential to surpass the performance of human piloted drones.
Our Team
Taking flight in the artificial intelligence industry
Our team is not only passionate about aviation but also possesses the skills and creativity necessary to be successful entrepreneurs in the AI industry. With decades of experience in sales, marketing, engineering, and business development, we are positioned to bring this cutting edge technology to the market.
Why Invest
Cutting-edge technology and an insatiable drive to impact the world
AI and unmanned technologies hold the potential to save lives and change the way the world responds in the face of disaster. Edge computing/processing is a challenging problem, but one that can truly change how fast information is acquired and used to make the right decisions.
Fortunately, we are a team that is passionate about solving problems and motivated to make an impact. At Airgility, we have both the AI autonomy customized for the mission AND the platform that can make it happen!
In the Press
Northern Virginia Chamber Announces Top Ten Regional Companies on 2019 Greater Washington i-LIST
Write a summaThe Northern Virginia Chamber of Commerce today announced the top-ten companies selected for the First Annual Greater Washington i-LIST, recognizing the most innovative companies that have demonstrated measurable impact in the Greater Washington region.
The Maryland Daily Record
Drone Industry Aims For Takeoff in Maryland
WTOP Federal News Network
How Drones Can Lift Up Nearly Every Industry
Hanscom Air Force Base
U.S. Air Force Labs selects inaugural cohort
Offering Summary
Company | : | Airgility, Inc. |
Corporate Address | : | 5145 Campus Drive, Suite 1132, College Park, MD 20742 |
Offering Minimum | : | $9,999.66 |
Offering Maximum | : | $1,069,999.59 |
Minimum Investment Amount(per investor) | : | $248.52 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 9,174 |
Maximum Number of Shares Offered | : | 981,651 |
Price per Share | : | $1.09 |
Pre-Money Valuation | : | $12,020,915.67 |
Voting Rights of Securities sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
ll Investor Owners Club
Invitation to our New Product Launch parties
Private owners group
Early Bird
First 72 hours - Friends and Family Early Birds | 15% bonus shares
Next 72 hours - Early Bird Bonus | 10% bonus shares
Next 7 days - Early Adopters Bonus | 5% bonus shares
Volume
$500+ | Custom Owners Airgility T-Shirt
$1,000 |Custom Owners Airgility flight jacket
$2,500+ | Owners miniature replica of a DS1 Drone
$5,000+ | VIP Access to product launches where you can pilot the drone + 5% bonus shares
$10,000+ |Be The Bad Guy Experience -- help train the AI by being the bad guy for drone video and dataset testing + 10% bonus shares
$25,000+ |One DS1 Drone for personal use + 15% bonus shares
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
Airgility, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of common stock at $1.09/ share, you will receive and own 110 shares for $109. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$38,393.00
USD
$73,206.00
USD
Cash And Cash Equivalents
$3,393.00
USD
$48,206.00
USD
Accounts Receivable
$35,000.00
USD
$25,000.00
USD
Short Term Debt
$24,988.00
USD
$9,183.00
USD
Long Term Debt
$150,000.00
USD
$112,500.00
USD
Revenues And Sales
$173,445.00
USD
$50,000.00
USD
Costs Of Goods Sold
$134,788.00
USD
$53,634.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$88,118.00
USD
-$43,842.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
An Update from Airgility!
7 months agoHello SE Community!
It’s been a while since provided an update, we have been heads down since after the Holidays working on new and exciting things including the launch of our DS-1 vehicle! You have helped us get to this point and the timing couldn’t be better as we see demand across all sectors which include public safety, federal government and the commercial sector. We are gearing up for product launch and demos.
Most recently, we won a Smart Cities Challenge last week for an "Automated Incident Response System" by partnering with ATA , VSE and the Stafford County VA Sheriff's Department, check it out here!
These are the kind of efforts and missions we are focused on, to improve and save lives! More coming in the near future!
Best,
Pramod & Evandro
Co-Founders, Airgility
Airgility selected as a Future 20 company!
10 months agoGood Evening to our StartEngine Community!
We wanted to share that we were just announced as a Future 20 Company in the State of Maryland! A great honor given that many companies were considered and that we have been recognized as an innovative and growing company, you can read about it here!
Thank you for all of your support!
Pramod & Evandro
Co-Founders, Airgility
Just hours left to take flight with Airgility!
11 months agoGood Afternoon SE community!
Time is running out before we takeoff, we'd love to have you onboard with us to experience the future of unmanned vehicles. Our mission is save and improve lives and our big hairy audacious goal is to have "Intelligence by Airgility" in 100,000 unmanned vehicles worldwide by 2025. With your help and support, we know we can get there!
www.startengine.com/airgility
See you onboard!
Pramod & Evandro
Co-Founders, Airgility
Last Chance to Invest in Airgility!
11 months agoDear SE Community!
It's been fun getting to interact with you and as we get near the end of our campaign, we want to say a big THANK YOU! Many great things have happened these past few months during our campaign. To recap some of it:
- We graduated from the first ever US Air Force Labs!
- We delivered our first product to the Department of Homeland Security!
- We became a part of the DHS US/UK Maritime Security Initiative.
- We are an innovation finalist in the State of Maryland Regional Marketing Institute's Champions of Manufacturing!
- We are a finalist in Established Top 100 startups where you can vote for us!
And lastly here’s an Investorplace article just published yesterday!
Thank you for being a part of our journey!
Best,
Pramod & Evandro
Co-Founders, Airgility
Airgility is a Finalist for 2020 Champion of Maryland Manufacturing!
11 months ago
Meet a new Airgility Engineer in this episode of "The CTO Corner"!
12 months agoAt Airgility, we are on the leading edge of innovation. To that end, we're going to "open the hood" and tell you about our tech! In our new ongoing segment, "The CTO Corner" hosted by our CTO, Evandro Valente, he will share the inside scoop into some of Airgility’s ongoing projects, company developments, and overall insights into the robotic and drone industries. In this episode, Evandro highlights Airgility’s recently acquired patent for our aerial robotics and discusses how it will be used in the future of the company.
Check out the second episode of Airgility’s CTO’s Corner below where we meet new Engineer Matt Taylor!
Airgility a finalist for Established Startup Of The Year!
12 months agoWe are super excited to be nominated for startup of the year by Established!
Check out our profile HERE on the Established website!
Thank you to our SE Community for all of your support!
Best,
Pramod & Evandro
Co-Founders, Airgility
Introducing Airgility's "CTO Corner"
12 months agoAt Airgility, we are on the leading edge of innovation. To that end, we're going to "open the hood" and tell you about our tech! In our new ongoing segment, "The CTO Corner" hosted by our CTO, Evandro Valente, he will share the inside scoop into some of Airgility’s ongoing projects, company developments, and overall insights into the robotic and drone industries. In this episode, Evandro highlights Airgility’s recently acquired patent for our aerial robotics and discusses how it will be used in the future of the company.
Check out the first episode of Airgility’s CTO’s Corner below!
Intelligence By Airgility
about 1 year agoAt Airgility, we put the brains into robots, especially flying ones! But regardless of whether a robot flies, drives or swims, we can give them a brain and make them intelligent, agile and autonomous. We partner with companies to help them with different missions by implementing the right brain for the right mission. Check out our latest with our partner RemUV to help keep the areas around us disinfected and continuously clean! We, as a society, will solve Covid....but the desire to keep everyone safe will never go away.
Check out a video on how Airgility is providing the intelligence:
To the Future!
Pramod & Evandro
Co-Founders, Airgility
Notice of Funds Disbursement
about 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Airgility, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Airgility, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Best,
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