The AtomBeam offering is now closed and is no longer accepting investments.

AtomBeam

Radically Efficient Software for IoT

AtomBeam

Radically Efficient Software for IoT

Moraga, CA
Technology
Plug and Play
AtomBeam is a radical rethinking of how data is transmitted and stored for the age of the internet of things (IoT). AtomBeam’s advanced software technology uses machine learning to reduce the size of IoT data files by 75% or more while adding ultra-light security, with transformative potential for the machine data age.

$2,567,993

raised
1,263
Investors
$10M
Valuation Cap
5.0%
Annual Interest Rate
$500.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
01/05/23
Maturity Date
0
Days Left

$2,567,993

raised
1,263
Investors
$10M
Valuation Cap
5.0%
Annual Interest Rate
$500.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
01/05/23
Maturity Date
0
Days Left
This offering ended on September 16, 2021 and is no longer accepting investments.

Reasons to Invest

AtomBeam can be used in almost any IoT device, from cellular to automotive, representing a market opportunity that is projected to be $37.5 billion by 2025
AtomBeam’s innovative technology is protected by seven issued and three pending patents
Deep leadership team with extensive experience in software, technology, mathematics, management, sales, finance, and startups

AtomBeam is not what you’d expect

AtomBeam® is a data compaction software company that shrinks, secures, and speeds data transmission. We have pioneered a technology that not only significantly reduces the size of machine-generated/IoT data, but also includes built-in, ultralight security. Management believes that no other technology can consistently and significantly reduce the size of IoT data messages; even the most advanced data compression algorithms are generally ineffective for IoT data.

With highly versatile use cases in computing, automotive, satellite communications, and more, our mission is to become the universal standard in IoT data transmission and storage. With the unique ability to effectively triple or quadruple existing network capacity with software, combined with a very small footprint, AtomBeam has the potential to reimagine how data is transmitted. AtomBeam has a production product that is in customer field testing. 


The Problem


Rapidly growing machine data is straining networks

Machine data is growing rapidly with 90 zettabytes projected in 2025 (source), while the storage capacity of all the data centers in the world is at about two zettabytes (source). This overwhelming amount of data is placing mounting pressure on networks, slowing and often overloading networks, and costs for end-users is a major problem. 98% of IoT data are also unsecured, but surveys consistently rank security at the top IoT concern (source and source). 

The Solution


A highly compact, fully integrated solution

AtomBeam’s highly compact, state-of-the-art software addresses all of these pain points. Using a sophisticated and efficient ecosystem of algorithms and computational paradigms, AtomBeam autonomously, and invisibly reduces machine/IoT data typically by 75%.  


AtomBeam’s product was launched in October 2020, following an extensive development and testing regimen.  Several large prospective customers are currently testing the product, which to date has performed according to specifications and without encountering issues of significance.

Our solution can make data move four times faster or increase bandwidth by a factor of four. Our software has ultralight security built-in, allowing for enhanced battery life, increased transmission range, searchable and randomly accessible stored, compacted data.

The Market


A multi-trillion dollar market opportunity through virtually all devices

We’re entering a massive market opportunity as the potential impact of IoT is projected at $11 trillion by 2025 (source). Our cost-effective solution has the potential to reduce the projected total cost of connectivity, security, and cloud services by up to 75%, a potential $200 billion impact in 2025 (source).

AtomBeam technology benefits virtually all new devices, including cell phones, laptops, sensors, manufacturing machines, automobiles and trucks, aircraft, UAVs, data centers, and so much more.

OUR LEADERSHIP


A deep bench of talent with startup, tech, and business acumen

AtomBeam is led by a deep bench of talent, experienced in technology, mathematics, and business development. 

Charles Yeomans, CEO, has over 25 years of experience in executive management and investment banking. He has led as CEO at two prior companies and was a COO of a third. He has a Stanford MBA and deep experience in technology, finance, and management. 


Asghar Riahi, CTO, is the originator behind the idea of AtomBeam and responsible for the product and IP. As a highly experienced Silicon Valley technologist, he has over 25 years of experience managing software and IT solutions in the areas of Cloud, IoT, security, and disaster recovery solutions. Prior to AtomBeam, he managed technical and software teams at Hewlett Packard, Siemens, Red Hat, and Seagate. 


Josh Cooper, PhD Chief Scientist, is a mathematics professor at the University of South Carolina. He is AtomBeam’s chief software architect and holds degrees from MIT and UCSD. 

Kent Warren, Chief Revenue Officer, is focused on the company’s global sales and strategic partnerships. He has previous experience managing sales teams at SAP and Oracle.


In addition to senior management, the company boasts a deep business development and technology team that has extensive experience across networking, cloud storage, and WAN optimization. They are committed to the company’s mission and path towards launching a ubiquitous, critical technology product.

Our Traction


Successful corporate trials and patented technology

Our product is being tested by several large corporations including a $75 billion multinational Japanese consumer electronics conglomerate for precision imaging in smart manufacturing, a Fortune 50 heavy equipment manufacturer for use in their telematics, a $50 billion Korean electronics conglomerate using for smart manufacturing and automotive telematics, a Germany-based $25 billion electronics manufacturer using AtomBeam for smart buildings, a large satellite operator for classified government applications, a high profile electric bus company, and the US Navy for use in transmitting submarine detection data.


Our product works seamlessly and has completed satellite data transmission testing on five petroleum tankers, as well as for smart factory data, wearables, acoustic data, connected car data, smart manufacturing, and much else.  AtomBeam works at the bit level, making the source of the data irrelevant.  

We released our customer portal in October 2020, which along with AtomBeam’s software development kit allows large companies to test their data on our site or their servers. Our innovative technology is protected by seven issued and three pending patents.

The Business Model


A high gross margin B2B model, with the net-zero cost of goods

AtomBeam has two potential revenue streams: via direct, primary sales to large corporations, and via reseller arrangements with device and other platform makers.

For our potential revenue streams, servers would incur an annual $25,000 fee and volume charges based on the number of connected devices, with a target total price of $30,000 per server per year. For enterprise customers with millions of devices, our annual revenue would potentially equal between $1 and $10 million. In making these revenue projections for 2021, the Company expects to have a Cost of Goods Sold of approximately $250,000, a gross margin of 85%, and fixed costs of $2.4 million. We are assuming this growth in 2021 because the product has reached a level of maturity and interest by prospective customers has been demonstrated. Please note these are forward looking projections. You can refer to our Forward Looking Information legend at the bottom of this page and our risk factors section in our Offering Memorandum for further details.

The AtomBeam business model is based on a heavy drive to completely autonomous installation and uses, making the cost of goods essentially zero.

*The above includes Forward Looking Information regarding our target revenue goals per user, please refer to the Risk Factors of our Form C.

What We Do


Data storage and security reimagined

AtomBeam’s advanced software technology uses machine learning to reduce the size of individual internet of things data files by 70% or more while adding security. The below data was analyzed and prepared by the AtomBeam team based on internal research and analysis. 

Our software uses AI to seek out data patterns in a sample set of thousands or even millions of IoT files. When a data pattern repeats frequently in various files, it is placed in a Codebook. An index or Codeword is then assigned to the pattern.

Once complete, the codebook is loaded into a source, such as an IoT device, and then a destination. The source and destination can now communicate in Codewords rather than the original data, greatly reducing transmission latency and the size of data.

How We Are Different


No other technology synthesizes and compacts data as efficiently and securely

Management believes that no other technology significantly reduces the size of machine/IoT data as AtomBeam does. Our competition is often limited to the bandwidth of cellular carriers, satellite communications providers, and others. 

With seven patents secured and three pending, our proprietary technology uniquely integrates top-of-line security with efficiency and compact storage.

The Vision


The leading storage software that is virtually ubiquitous

AtomBeam is a powerful, low-cost, and low-risk technology. Users continue to test our software in their systems and are moving to adoption, proving that AtomBeam has never lost a bit in transmission.

The highly compact size of code and light computing requirements means that the software can quickly become virtually ubiquitous - a perfect match for many companies.

Why Invest


Join the movement toward the fourth industrial revolution

AtomBeam has seven issued patents that protect a technology that may be one of the most important innovations of the fourth industrial revolution. We have a complete, demonstrable product that allows users to utilize the technology autonomously and at minimal cost, potentially providing ROI to customers that can be measured in months, even weeks. AtomBeam has traction with numerous large enterprises to be fully on board by the beginning of 2021. Join the movement.

Quick Insert

In the Press

Atombeam: Big Things in Small Packages

Although 5G seems to be a solution with unlimited bandwidth, more speed and bandwidth is always welcome, and AtomBeam's value for users goes well beyond data size reduction.

Exclusive: AtomBeam Looks to Become Standard in IoT Data Transmission and Storage

AtomBeam Technologies is a new company looking to become the standard for IoT data transmission and storage thanks to its AI software which streams highly-compacted data with near-zero latency. Using the latest machine learning encoding techniques, the company aims to replace existing compression al

Data Overload Threatens to Incapacitate Our Networks

Despite claims that networks can handle what is coming, unless we increase the flow of data – we will not enjoy the benefits of current or forthcoming types of technology. AtomBeam's compaction is an answer to this problem.

Ubiquitous AI

Ubiquitous AI Corporation launches IoT data compression / secure communication AI solution "Atom Beam" that reduces IoT / M2M data transmission by 70-90% with AI patented technology on November 10

Offering Summary


Company

:

AtomBeam Technologies Inc.

Corporate Address

:

1036 Country Club Dr, Suite 200, Moraga, CA 94556

Offering Minimum

:

$10,000.00

Offering Maximum

:

$2,750,000.00

Minimum Investment Amount

(per investor)

:

$500.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

January 05, 2023

Valuation Cap

:

$10,000,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

5.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in AtomBeam Technologies Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $10,000,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 5.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below

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 COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, 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 February 28, 2021, 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).

Voting Rights of Securities Sold in this Offering

This offering includes a convertible note. The note converts into common stock which has a voting proxy in place. 

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.

Forward Looking Information Legend

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Investment Incentives and Bonuses*

Time-Based Perks:

Friends and Family Early Birds

Invest within the first 48 hours and receive a 25% bonus on the Convertible Note interest rate

Super Early Bird Bonus

Invest within the first week and receive a 20% bonus on the Convertible Note interest rate

Early Bird Bonus

Invest within the two weeks and receive a 15% bonus on the Convertible Note interest rate


Amount Based Perks

$500+

Invest $500+ and receive access to exclusive investor newsletter

$1,000+

Invest $1000+ and receive the above perks + 10% bonus on the Convertible Note interest rate

$2,500+

Invest $2500+ and receive the above perks + 15% bonus on the Convertible Note interest rate

$5,000+

Invest $5000+ and receive the above perks + 20% bonus on the Convertible Note interest rate + Zoom call with AtomBeam’s CEO Charles Yeomans

$10,000+

Invest $10,000+ and receive the above perks + 25% bonus on the Convertible Note interest rate + Zoom call with AtomBeam’s CEO Charles Yeomans

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Atombeam Technologies Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 5.5% instead of 5%.

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

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$148,559.00 USD
$126,717.00 USD
Cash And Cash Equivalents
$56,099.00 USD
$65,860.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$143,776.00 USD
$110,317.00 USD
Long Term Debt
$1,418,330.00 USD
$883,411.00 USD
Revenues And Sales
$2,000.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$546,534.00 USD
-$840,076.00 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

A Win for Space Applications

23 days ago

I would like to let everyone know that we were just accepted in another accelerator - SCALE by Starburst, which is affiliated with UCLA and is based in Los Angeles. Many major firms and primes in aerospace have offices or headquarters in L.A. County, including Northrop Grumman, Boeing, Lockheed, Raytheon SpaceX, Aerojet Rocketdyne, Virgin Galactic, as well as leading service and analysis companies like Aerospace Corp. Given our focus on satellite communications and defense applications we think this represents a good opportunity; SCALE is very enthused about our participation and promise to make a bunch of introductions.  We are apparently getting around; the head of the SCALE organization reached out to Asghar and to me personally to ask us to apply.

I will let everyone know how it goes. If they do what they say they can, I think this could be a good source of introductions for us.

- Charles

Closed!

29 days ago

Hi everyone!

Well, that was pretty darn successful. When we started this journey I was hopeful that we would raise $300K in funds committed. Beat that by 800%!+!

I want to thank every one of you who have put up your hard-earned money that is the fuel we need to succeed. AtomBeam investors and team members are on the same page. As Archimedes said, If you give me a lever and a place to stand, I can move the world. With capital (more will be needed over time, of course) and the AtomBeam technology, we have what we need. This is more than a better way to deliver groceries or a new and improved drone - it is not a better anything, but an entirely new something. I know you all get that.

So what happens now? Pretty simple: the StartEngine people do the work to finish up the administrative part, and I can communicate using this "update" process. As I mentioned elsewhere, we will at some point move to Carta for communications, but for now this will function well. I normally provide updates quarterly but will also post whenever I have some interesting news. I am not sure yet how the communications work going the other way but I will post here when I figure that out.

Thanks again for your confidence in us. I will keep you apprised of developments. 

- Charles


Only a Few Hours Left to Invest in AtomBeam!

about 1 month ago

There are only a few hours left to invest in the only technology on the market that is going to change the way data is transmitted and stored!


As we come to an end in our raise, we strongly encourage you to join the 1200+ people who have committed funds to our equity crowdfunding campaign on StartEngine.


There is power in numbers!


Your investment is critical to our continued growth, and we look forward to closing out strong with you.




Warmly,

Charles Yeomans

CEO

AtomBeam

Today is the Last Day to Invest in AtomBeam!

about 1 month ago


It’s the last day to invest in AtomBeam – the next generation of data storage and retrieval.


We’re giving you one last chance to get in on this ground-breaking technology revolution before it's too late!


Atombeam’s patented technology will assure a competitive advantage for years to come. 


The future of data is now.  


Invest in AtomBeam on StartEngine

A Cool Win in Sweden

about 1 month ago

At the suggestion of the U. S. Department of Commerce, we applied to a program sponsored by four big companies in Sweden: Saab, Vanderstad, Siemens Energy and Toyota Materials Handling. We were among 10 companies chosen from a field of 57 in a process managed by Linkoping Science Park in Sweden. The goal of the program is to connect these companies with promising new technologies developed by startups. We are hopeful we will get one or more paid proofs of concept with these companies. Here is a quote from the selection letter:


We will prepare good presentation materials, involve operational staff within the industrial companies' organizations - and jointly co-create really sharp and relevant feasibility study projects that can go all the way to funded POCs.

 

Pretty good to get selected. More evidence that we are on to something. We are already working with them now - nice folks, very professional  

JUST HOURS LEFT TO GO!

- Charles 

Our Campaign On StartEngine Ends Today!

about 1 month ago


Today is the day!


As our campaign reaches an end, I wanted to thank all of our earliest supporters and investors for following the AtomBeam journey.


Your support has been paramount to the surge of momentum we’ve seen in investments during the last few days. 


I urge all of you to invest in AtomBeam before our raise ends tonight at 11:59:59 pm PDT. This is a once in a lifetime opportunity to join in on the technology driving the data revolution. 


Thank you all. I look forward to sharing the future of AtomBeam with you.


Warmly,

Charles Yeomans

CEO

AtomBeam

Heavy Hitting with the Government

about 1 month ago

Charles here, with a note many may find interesting. Our technology is gaining high level attention. I can't provide details on this, but we had conversations this week at the Cabinet level of the U.S. Government. We are also entering into conversations with senior staff for a major military theater command, and I don't think that it will end there. This is in addition to the attention we are getting with very high level people in the United States Air Force.  Key government people are recognizing the implications of our technology, to state the obvious. 

There is only one day left to invest. Our offering closes tomorrow (Wednesday September 15th)

- Charles

Less Than 3 Days Left to Invest in AtomBeam!

about 1 month ago

We’re in the final days of AtomBeam’s investment opportunity on StartEngine.


We are very excited about the future of AtomBeam, and also very grateful to everyone who has supported us in this effort.


It’s a promising time for startups, entrepreneurs, and investors, and we encourage everyone to invest at this time! AtomBeam will revolutionize the data transformation market for generations to come.

The time to invest in innovation is now! Join us on StartEngine today. 




Warmly,

Charles Yeomans

CEO

AtomBeam

Bruce Horn: A Major Win

about 1 month ago

One of the big steps we have taken recently is the hiring of Bruce Horn, which has major repercussions for many things we have going on now. You can look him up on Wikipedia – he is a Carnegie Mellon PhD who was one of the original developers of the first MacIntosh, who has since been an Intel Fellow and built a big hitter reputation in Silicon Valley. He joined us, as he said to me last week, because he thinks that this is a chance to change the world, again, which has not been an opportunity put before him since he worked hand in glove with Steve Jobs to make the first Mac. So he came to work with us.

He has pretty quickly diagnosed what we need to do to get revenues moving. He agrees we should, as I have said elsewhere, focus most of our efforts on smaller companies (which we are) but also on some of the bigger companies that are considered thought leaders and more willing to investigate new technologies like ours. He has also identified ease of use as a critical issue; we need to make it simple not only to test their data (which we have) but also make it easy to configure and install our product. That is vital to adoption, he (and I) believe and he is confident that we will get that implemented over the next few months. He has done that kind of thing for far more complex technologies in the past. Finally, he has involved himself in direct conversations with prospects to see what he can do to help – and he is impacting the process already. I cannot overstate the impact he is already having on AtomBeam. Also, he is a known Silicon Valley heavyweight and that alone adds a lot of street cred to the company.

Time is short to get in, and once we get over the hump and start the revenues flowing, I doubt you will see this kind of valuation again. No guarantees, but you can add things up yourself. 

Thanks, as always, to everyone who has invested.

- Charles

5 Days left to Invest in AtomBeam!

about 1 month ago

The clock is ticking! ⏰


We’re in the final days of our campaign, with just 5 days left to invest in AtomBeam on StartEngine.


We believe early investment is an important part of the business development process,  and we hope that you will join us as we take our mission to the next level!


There is no better time to invest in a company that we believe will continue to grow and produce lasting value! Our revolutionary technology may fundamentally change the way the world looks at data.


Join us on StartEngine today. I’m confident we can make history together!



Warmly,

Charles Yeomans

CEO

AtomBeam

Less Than a Week To Invest in AtomBeam on StartEngine

about 1 month ago

During the final week of the campaign, I have two goals. 


First, I want to encourage more investors to jump in early. Second, I want to show how supporting AtomBeam early can help you be an integral part of its success.


Your most valuable assets are not in your head or your purse, but in the data you create and store every day.


AtomBeam’s patented technology is revolutionizing data compaction, and is positioned to solve a billion dollar problem.


Take advantage of this limited time opportunity and become a part of this amazing community on StartEngine.


Don’t wait!




Warmly,

Charles Yeomans

CEO

AtomBeam

AtomBeam Reaches the $2 Million Raised Milestone!

about 1 month ago


Today, the AtomBeam team reached a major milestone that brings our goals closer to reality! 


The $2 million dollar raise milestone on StartEngine shows investors’ confidence in the future of AtomBeam and reminds us just how close we are to producing a product that will fundamentally change data usage for consumers and businesses across the world. 


We are grateful for all of the support we have received from our investors, and as we near the end of our campaign, we wanted to further reiterate how you can get involved in the growing momentum behind AtomBeam on StartEngine.


This is your opportunity to get in on the ground floor of an industry disrupting technology that will change the future of how data is used and stored.


Join AtomBeam’s community today, and help us close our raise on a strong note.




Warmly,

Charles Yeomans

CEO

AtomBeam

Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

Time Is Running Out to Invest in AtomBeam!

about 1 month ago


We are rapidly approaching the close to our raise on StartEngine, with less than two weeks left in our campaign.


Our patented software is the first of its kind, and the future of data compression. We’re changing the way the world thinks about data in such a way that we may soon solve our global data storage problems.


This is an amazing opportunity to get in on the ground floor of a company that will revolutionize this market. 


Also, this is a notice to let you know that our campaign on StartEngine will be closing on September 15th 2021, so please consider investing now!  Note that an investor may cancel an investment commitment for any reason until 48 hours prior to our close date, unless we have already disbursed your funds previously.


Join our community of innovative thinkers on StartEngine, and join us as we capture the industry together!


Warmly,

Charles Yeomans

CEO

AtomBeam

Miss our Investor Q&A Webinar?

2 months ago


Many thanks to those who participated in our latest Q&A webinar!


We had some really astute questions from the audience. Some of the most popular ones regarding our business model, revenue model, customer acquisition costs, competition, plans for growth and of course on how the technology works.


In case you missed it, the recording is available for you to watch here!


If you have any additional questions unanswered in the webinar, please feel free to share them below and I’ll get back to you immediately!



Warmly,

Charles Yeomans

CEO

AtomBeam

Notice of Material Change in Offering

2 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the AtomBeam offering. Here's an excerpt describing the specifics of the change:


Issuer updated their page to reflect the change in offering maximum.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

AtomBeam’s July 2021 Recap

2 months ago


AtomBeam has made progress over the last month on all fronts, including some key highlights we’d like to share, and what we’ve been working on. We are making progress on the sales front and have plenty to be excited about on the horizon. 


Here’s what we’ve accomplished this July:


🚀AtomBeam's Rebranding is in Progress - AtomBeam is currently working on a rebranding, which includes a new, sales focused website, and a cool new look. 


🚀We're Working Towards Engineering and Sales Goals - Our three biggest pushes this month are in sales, engineering, and improving the AtomBeam product.


🚀We’re Aiming to Target Corporate Channel Partners - We are currently in discussions with multiple cloud service providers, a satellite operator and a software IoT platform.


We’re feeling incredible about where we are, and we cannot thank you enough for joining us on this journey. 



Warmly,

Charles Yeomans

CEO

AtomBeam

Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

REMINDER: Investor Q&A Today!

2 months ago

Register for AtomBeam’s investor webinar today at 12 PM PST! 


During this discussion I will cover your questions and inquiries regarding AtomBeam and our crowdfunding raise on StartEngine.


We’ve seen a tremendous uptick in momentum behind our campaign in the recent weeks, and we cannot thank you enough for your support! 


I’m eager to meet you all and look forward to sharing more about our product and raise!


See you there, and don’t forget to bring your questions!


Registration Here!

Warmly,

Charles Yeomans

You’re invited to AtomBeam’s investor webinar on Thursday August 5th at 12 PM PST!

3 months ago

You’re invited to AtomBeam’s investor webinar next Wednesday, August 5th at 12 PM PST. 


AtomBeam has successfully raised over 3 million dollars in committed funds across all platforms to date, and have since received a variety of thought provoking inquiries from investors and supporters alike surrounding our capital raise and product. 


Recently we have been fortunate enough to scale operations on our product to develop further innovations that I can’t wait to share with all of you! 


During this webinar I will make myself available to cover any questions you may have about AtomBeam and our equity crowdfunding raise on StartEngine.


Thank you for your support during our fundraising process, I look forward to meeting you all next Wednesday.


Register today before spots fill up!


See you there, and don’t forget to bring your questions!


Warmly,

Charles Yeomans



Notice of Material Change in Offering

3 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the AtomBeam offering. Here's an excerpt describing the specifics of the change:


Issuer extended their campaign end date by 90 days and Issuer increased the offering max.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Reviews!

3 months ago

Hello everyone, and as always, many thanks to our investors. Things are going well, and we are seeing good progress on many fronts.

 

I was advised by people who know what they are talking about to switch from a funding milestone approach in these updates to being more thematic, which I think is a good suggestion. This one is about a review of our offering that we have seen that is helpful in digging into AtomBeam and offers perspective on how we compare to other crowdfunding options. We have been impressed by the diligence and work Kevin Fulmer of Crowdscale has done to understand what we do, the market for our product and the quality of his presentation. He made me aware of his video review in the comments section and spent a serious amount of time working to understand AtomBeam. Without further ado or comment, here is the link:

 

Kevin Fulmer’s Crowdscale review:



To be completely transparent, no one at AtomBeam had any input on this review – we did not know about it until it was published. For Kevin, be sure you like/comment/subscribe – he worked hard on it, as you will see.

 

  • Charles

A Quick Update

3 months ago

I am super busy and so have to be brief – for reasons everybody should like. First, as always, many thanks for your investments. We are putting them to good use.

 

We are still working the leads and talking to investors, which in one case I think could merge (via corporate venture capital).  We are getting pretty deep on the DoD stuff – a lot of conversations going on now as a follow up to our current USAF contract with Air Force “customers” as they call it. In case anyone would like to know how we see ourselves as fitting in defense technologies, here is a (non-public) video presentation I did for the Air Force and Space Force at their request:

 


Final thought on customers. You all know blockchain and crypto is hot stuff. We have been approached by a crypto company that has a way to use our technology that could be very impactful on the whole blockchain ecosystem. I can’t give any details – there is likely some more patents we could file, so tace is Latin for candle. I do not want to overstate this, because we are early in the conversations, but the proof of concept work looks very promising. Crypto/blockchain tech gets massive valuations, of course, so this is something worth a (fortunately minor) diversion of resources.

 

We are using most of your capital to improve the product, file more patents and work the market. We have some pretty great people and continue to add them – it is pretty cool to see folks come to work for us at much less than they could earn elsewhere just to be a part of what we are building. One day not too long from now we will pay people what they are worth, but we are on a mission here and everyone here is bought in. It is a little trite, I know, but we think we will change the world.   Hang with us and you will see.

 

  • Charles

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

A Really Big Deal - $1.5 million!

4 months ago

$1.5 million! Who would have thought that an enterprise software company with an embedded product would be such a successful deal? Amazing and great – thanks again to all of our investors. Especially for the extra work it takes to understand our technology and the implications. If this was 2007 and I was trying to explain what a big deal the iPhone would be, a lot of folks would be scratching their heads and saying I am exaggerating. A bold comparison, I know, but I think in our own way we can be just as disruptive, even if we are invisible doing it.  In any case, thanks for the taking the effort to get your head around what we do.

 

It has been a while since my last update. The reason is we have been so busy that it is getting to be a little over the top. Between work on the software, filing new patents (three since the last update) and filling the pipeline (we keep getting interest from big prospective customers, even though we are focused on smaller companies as quicker hits).  Plus attending conferences, dealing with tax filings, audits, a new website (coming) and a lot more. It comes in waves, though, and I am hoping for a little bit of a respite – but not from sales prospects, of course.

 

Now on to the subject of today’s lecture, strategic vision. As we get the smaller companies onboarded and build credibility and relationships with the big end users, our focus will be on four fronts (for now, we are always probing):

 

  • End users, focusing on enterprise customers who have multiple uses for the technology
  • Satellite operators as potential partners (we are working with a big one right now)
  • Cloud service providers as a potential partners (think AWS, Azure), and
  • Software IoT platforms, which are like the operating system for IoT deployments.

 

In general, a partnership would look like this: through partners, we would provide our client software for free to device makers. They build it into their equipment, or provision devices via a software IoT platform. The devices are then sold to end users as a part of an IoT deployment. The end user would have the option to choose to activate AtomBeam, like a “turbo” option that lowers their cost of data, increases its speed, adds security and so forth. If the end user opts to use AtomBeam, they incur a cost that is paid, along with the rest of their bill, to the IoT software platform or the cloud service provider. It would be a no brainer for most. This hugely expands our sales reach and eliminates a lot of billing headaches we would otherwise incur. We would just need to audit the bill occasionally. This means we would have a pretty low operating cost and be highly leveraged from an operating perspective.

 

We will never have the sales reach of a Microsoft/Azure (big player in cloud services) or a PTC (one of the biggest players in IoT software platforms). To realize AtomBeam’s potential, and to take advantage of our status as an enabling, rather than stand-alone technology, AtomBeam needs to be the “Intel inside”. We can get big a lot faster by this means.

 

The other big push is with end users who will adopt our technology for internal use. That includes automakers for use in autonomous cars, a manufacturer for precision manufacturing images, a retail chain for internal data communications, a defense contractor that sends data over satellite from their devices and other such applications that may not include a software IoT platform or sending data to a cloud service. Many of these users will be big companies, but a number of them will be small and medium sized businesses.

 

The ultimate goal is for AtomBeam to be built into virtually any connected device, in most cases without any awareness of our presence by the end user. They just know that the device they bought has a lot more capabilities than the old device had, or if they opted to upgrade the software of an old device, the device works far better than it did before. Ultimately, our very ambitious goal is to scrape a few pennies off of virtually every IoT device in existence – become the default option. When one machine talks to another machine, which is going to be the world we live in, AtomBeam should be there. That is a pretty big vision, but we bring real value to the table for just about every machine/machine interaction, and that speaks to a potential for virtual universality. Whether we achieve that or not is up to us, and the ecosystem and capital that supports us.

 

For now, the focus is and will remain capturing small/medium, and to some extent big accounts. But when we get that traction I think we can move quickly to consummating some partnerships. We are already lining those up and I think with some traction in the market we have the credibility with the big potential partners to start getting some to close.

 

Thanks, as always, for your support and the capital we need to grow this company. I am excited about the possibilities – I wish it did not take so long, but with a product that has to be integrated into another company’s software it is always harder to get it started. We are making real, tangible progress, however, and I am confident that we will get there in the near future.

 

  • Charles

Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

(Almost!) $1.15 Million!

5 months ago

Sorry it has been a while since I have provided an update. It has been pretty busy. We are in the middle of a big overhaul of the website, a heavy maintenance update of the code, have been in conversations with a bunch of new prospects and are, most important of all, working on getting our first paying customers closed. Not to mention in conversation with 20+ venture firms. What I need is to move houses or something, too – then you could find me in the looney bin.

 

As always, thanks to everyone who has invested. We are in this together and are putting your hard earned money to good use. We remain as excited about AtomBeam as ever. As I have mentioned before, I wish I could have investors listen in on a call with a prospect to hear their reaction when I explain what we do. I can’t tell you how gratifying it is, and I know it is hard to get the feel of it unless you hear it for yourself. I thought it would be a cool thing, though, to try and give you a feel for what those initial calls with prospects are like. At least, so far as my descriptive powers allow.

 

The example I chose for a prospect call is one from today, since it is fresh and also representative. The connection was made by a key advisor I am hoping will soon join our board of directors, so a warm lead. It is a company that makes high-speed data communication systems used by the government, emergency agencies and by private companies. The data is sent over radios to point to point and over all kinds of networks, including SATCOM, cellular, Wi-Fi, wired and other communications systems.  These radios and associated equipment are highly portable and capable of sophisticated data capture and transmission. The company itself is one of the leaders in its space.

 

On the call besides our own people were the CEO, the CTO, the VP of Strategic Development and a senior manager responsible for business development. We took them through our standard product deck, with me doing most of the initial introduction of the technology, with frequent interactions involving several members of our team (we had included all of our heavies on this one because they were bringing their big guns) and all of them had a role in delving into key aspects of the technology.

 

I am not overstating things when I say that they were very excited about what they heard. They dug in deep on many of the key advantages we bring. Here is a screenshot of a key slide in our product deck, with the areas that they focused on the most (besides the compaction/increased effective bandwidth):

 

Calendar

Description automatically generated

 

What you notice is that they liked everything, pretty much. Their data generally does not go to a cloud service, and so the savings on cloud service storage is irrelevant. Here were their thoughts on the other advantages we provide:

 

  • Data reduction is a critical issue for them, since their customers are highly bandwidth constrained. Compression is not practical since they cannot afford latency.
  • Security is a major issue for them, and they see AtomBeam as a key to solving certain issues (ultralightweight/fast encryption) that are a problem for them now.
  • They have a new product that is a major battery hog that is a problem for them and a competitive disadvantage. They think we could help solve that issue.
  • Random access/searchability of stored data they believe would be very valuable for a customer who is wrestling with the problem of the usability of massive “data lakes”.
  • For anyone using radios, extra range is always a good thing.

 

One thing I like to do on these calls to the extent I have our brain trust involved is to demonstrate to the prospect that we have the engineering/scientific chops they would like to see. We have good, articulate people that can shine in these conversations. I do not think of it as showing off, but more along the lines of providing comfort to the prospect that we are solid. Our team is impressive.

 

The one-hour call was immediately followed up by the CEO requesting our NDA, which I provided. Their attorney had vetted it within an hour and returned it with minor comments and a signature. I countersigned it and we are already exchanging information. They are already talking about how impactful the potential inclusion of AtomBeam in their products will be, saying that we could be a “significant way of differentiating” their offerings. To quote the CEO in a follow up email, “Good call today, I believe we see a fit.”

 

The critical thing here is follow up. Our VP Business Development has already developed the list of items we need to do, and we are starting to get those done. They will be using our online demo site, the AtomBeam Customer Portal, in coming days to test samples of their data, and will be engaging with the engineering staff on the specifics of what they need us to do for them.

 

This prospect is not atypical. Just about everyone we talk to sees the potential for us to impact their business, in many cases profoundly. It is pretty fun to get a “wow” just about every time you talk to someone about your product. It is motivating for everyone at AtomBeam. It also drives us to think long and hard about what it will take to scale up such a broadly appealing product, but that is a topic for a future update.

 

I hope this gives you at least a bit of a sense for what it is like to be out talking to sophisticated engineering prospects about AtomBeam. We get to have these conversations often, and they always rev me up. We are here on the ground floor of a potential revolution in machine communication, and it is up to us (with your help) to rise and become what this can be.

 

Thanks, as always, for your support.

 

  • Charles

Notice of Material Change in Offering

6 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the AtomBeam offering. Here's an excerpt describing the specifics of the change:


AtomBeam Technologies, Inc. is extending the length of their campaign by 90 days, adding new financial statements, and increasing the offering maximum.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

One Million Dollars

6 months ago

When we first started down this crowdfunding path late last year, I (and others as well) were skeptical that we could raise money for such a technical product. I really like the idea of crowdfunding, though; lots of people can get in on what has been in the past a game that was exclusive to institutions and wealthy individuals. I have a lot of experience raising money for my own companies and for others as an intermediary, however, and I thought (as did StartEngine) that it was worth giving it a go. The conventional wisdom in venture and active angel investors is that crowdfunding makes sense for consumer products, not enterprise software companies.   The “makes sense” part is about the fact that people can get their heads around something they can picture themselves using or experiencing, like a tasty microbrew, or at least something tangible, like an industrial robot. Software, in their view, does not fit.

 

I think a lot of whether this works or not is communication; building a level of understanding and some basic trust is the responsibility of the company. Most of you who have invested are not software engineers and so explaining compaction in a way that conveys its potential is a challenge, but I think the fact that I, too, am not an engineer actually helps in that. I see things very much as you do, although with of course a lot more information. Regardless, I think we can all look on this effort as a big success. If we can get everything done on the extension, we can look forward to more of the same. Thank you all for your investments and continuing interest in AtomBeam. We have a tiger by the tail and keeping up is tough, but so far we are hanging in, and will continue to work hard for you.

 

And now for an update on progress, with the caveat that it has only been a week (!) since my last one. We have been focusing a lot of effort in two areas: knocking down everything in the path of signing up the first couple of customers, and smoothing the path for prospective customers to test the software. To those ends we are doing a lot of internal communications to ensure we have everyone on the same page. Getting your first customers is tough, no matter how compelling your value proposition, but we are making steady progress and focusing the key people in the company on achieving that. We are also working with some advisors who have experience with selling a middleware product like ours, one that needs to be integrated into the customer’s “software stack”. Our CTO and VP Engineering has a lot of experience with that problem as well, and we are instituting some key initiatives to simplify the customer testing and onboarding that I think will help move us faster as we go.

 

Final point. Last week our VP Business Development, Dave White, and I attended a virtual conference for automotive tech. We met with three major car companies and a similar number of major automaker suppliers. I wish I could provide recordings of those calls; I think you would be pretty jazzed about how they went. To take one example, a research engineer seeking new technologies for their employer, a major US carmaker, said, “this is what we talk about all the time, how can we deal with all the data that these cars will be generating?”

 

As always, thank you for your time, interest and investments.  We are working hard to use them wisely.

 

  • Charles

Notice of Funds Disbursement

6 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

$900K – Amazing and Cool!

6 months ago

As always, thanks to everyone for their participation in our financing. This is just great. Every time I check the total it has ticked up another few thousand.

 

When we started this process, I really did not know if it would work.  We don’t sell a fun kind of beer or a newfangled toothbrush, and trying to convey how a fairly exotic bit of software can change the world is challenging. But so many investors really do get it; it is gratifying beyond the value of the capital that you do. I want to thank you for taking the time and effort to read though so much information and to understand something as esoteric as AtomBeam’s technology. I really appreciate every investment.  Thank you.

 

On to new developments. The big Korean company continues its process, and as I had predicted it is not fast. There are two other smaller but highly credible prospects that have now passed the Korean company in turns of how advanced they are in the sales process, and we are working those hard. I am loath to give a prediction on when they might close, or any of the other ones in the pipeline, because these early customers just take a long time and I have been burned before trying to do that.  I think it is likely, however, that the onboarding time will go down significantly as we get a bit further along.

 

More very big prospects keep popping up and starting a dialogue. We will be entering discussions with one of the biggest oil companies in the world next week. There is a huge number of potential applications there. We were also approached by a very large Japanese manufacturer, who asked for information and is reviewing it now. Finally, two of the biggest cloud service providers are now talking to us about their partnership programs. We keep seeing a lot of incoming activity.

 

Final thought. We have had a bunch of questions on expanding/extending the StartEngine capital raise. We will make a final determination by mid this week. The reason for the delay is the very high level of interest from venture firms; I am doing two calls a day with them, but they will not get anything in the timeframe we have to make a decision on extending the round. I think to get us to an A round next year we will need at least another million, and $2 million would be more comfortable. In the end, I think we will likely expand this round to $2 million, although I need final board approval. We also are working to complete the audit we need to expand the size of the round, which should be ready early this week. As promised, I will provide you will all the notice I can.  

 

As always, thank you very much for your support, and keep the questions coming.

 

  • Charles

$750K and the Pace is Accelerating

7 months ago

Thanks, as always, to our new investors!  We are working hard to keep focus and make your investment successful.  This is an exciting time.

 

We are in the late stages now of our 10-week process with StartX, the Stanford accelerator. I don’t think I have done justice to the impact it is making. This is one of the top accelerators around, highly selective, terrific companies in different stages all pulling together for mutual support, advice, and sharing connections. Just in Q1 this year they had four companies do exits worth over $1BN aggregate, and several unicorns are alumni companies.  We have much to be thankful for to have been selected for this group, and are doing our best to give back. One of the coolest things is their “Demo Day”, for which I did a three minute video pitch that has been viewed 177 times so far by venture firms, corporate venture capital and angel investors. I am getting overwhelmed with requests to meet and have received many very positive comments. Overwhelmed is good.

 

StartX is supported by several companies, of which I must call out Amazon Web Services, or AWS, as a standout.   They have really been terrific. They have three full time dedicated employees supporting StartX companies, led by Nick Ellis, an experienced entrepreneur who gets what we need. They also have given us $25K in credits each year for two years. We are grateful for their help.

 

And now for the big news. I think at some point I mentioned that we applied for an Air Force phase 1 Small Business Innovation Research (SBIR) grant. It is a small award, only $50K, but it is the path to a phase 2 award, which tops out at $750K and even a phase 3 of up to $15 million. Most DoD phase 1 SBIRs are about a 10:1 application:selection ratio. We were notified yesterday that we won.

 

The $50K is great, of course, but the possibility of getting a phase 2, and adding the prospect of becoming a contractor to the USAF is a very positive development, to understate the case. Chances of getting to a phase 2 from a phase 1 are much better than winning a phase 1, typically around 2:1.  This opens up a world of not only directly contracting with the USAF and other DoD, but also defense contractors that can use our technology in their products. We had previously, in our very early days, had a Navy grant but did not get to phase 2; it was not an application for which our technology was suited, and our tech and company were not mature. Today, the case is altered. No guarantees, of course, but I think we have a pretty good shot at getting this to a phase 2.

 

It may be germane at this point to mention that in a prior life I was a Naval Intelligence Officer, had high clearances and worked as a briefer to the Chief of Naval Operations and the Secretary. I think that background helps in cases like this.

 

So, to provide a coda for this missive, I will turn to my erstwhile fictional colleague, Maverick, to give us his wisdom on investing in AtomBeam.

 

- Charles

Passing $700K and Focused on Revenue

7 months ago

Thanks to everyone for continuing to support our fundraising – it is a great thing for us to see so many of you coming along to ride with us. Everyone in the company is watching the progress and is spurred on by your support.

 

We are focused on closing business. The engineering guys are working to find ways that we can make our technology as easy to use as we possibly can, a critical factor in gaining customers. The sales guys (and I) are working to clear away any obstacles we can find to making things happen. There is a ton of work – not surprisingly – and everyone understands the mission. We are convinced (as are many advisors and prospective customers) that once we have a couple of credible, significant customers we will roll. So our focus is to get those customers. We have people in major companies, like Amazon Web Services (AWS) and Gartner, as well as the prospective customers themselves, rooting for us and helping however they can. It takes a village to get over this hump, and we have our forces assembled. We continue to work closely with several prospects who remain enthusiastic about the product and feel good about getting a deal to close, I hope soon.

 

A bit on how we see things as we get further along, our long term vision for scaling. We think that ultimately we need to become a no-brainer, an invisible turbocharger that is there when a smart building infrastructure architect buys an IoT sensor, when a carmaker buys a telematics device or in any other circumstances in which machines connect to a network. That is why the discussions with AWS are so important; we need to be on both ends of the network, so a user does not need to think about it. Even big companies do not want to think about integrating a technology if they can help it; they need a bigger potential return if they have to undertake an engineering project, no matter how minor.

 

We think that the way we get to the big numbers, then, is to be a built-in default. If we can do that, we will be a more or less standard component of the firmware of IoT chips and devices. Even if we just get a few pennies for a device, times a billion, it works out pretty well. To get to that place, though, we need to be ultra-simple and ultra-reliable. That vision is what we all know and think about all the time. It guides product development, quality assurance testing, creation of user manuals, how we talk about the product and everything else. It is our guiding vision. Default is the place to be.

 

The steps to getting to that point are pretty clear in our minds. We need to get some creditable accounts in the door, focus on two or so verticals to build on (telematics being one), and then expand to more, adding product management and focusing on a wider number of verticals. In parallel, we will continue to drive the technology to be as simple as it can be, and push makers of cloud services, IoT devices and chipsets to build in our technology. Over time we think this will tend to drive our pricing down but our acceptance way up.

 

That is the vision for the future. I am a big believer in having everyone understand and buy into a clear vision of what we are all working to deliver. I and other senior people in the company can’t be part of every decision that is made, but if everyone understands where we want to go, the right choice will be made most of the time, whether we ever know it.

 

Thanks again for your support.

 

  • Charles

$650k and Gearing Up

7 months ago

The staff is very excited about the great support we are getting from investors. Thanks to your investments, we are moving quickly on critical engineering staff moves and are able to push our sales and marketing efforts harder. As I mentioned before, multiple, significant companies are now engaged in discussions about moving forward. We think a more will be in that position soon – hard to tell, exactly, but you can read when someone is serious about what they are doing, and that is what we think. It is hard to predict timing on any of it – we are not privy to their internal discussions, of course – but we seem to be making the right moves.

 

On the software development front, our current focus is making our product more simple to install and use. Engineers want to tinker and pressure test software, but they also want to be up and running quickly. They are just like the rest of us when it comes to getting things in motion. To that end, we brought on a technical writer (part time) who is working with one of our ace engineers, Jim Frandeen, to update our manuals, and the engineers are working to make the interface as simple as it can be – two commands and you are in business. This is the kind of thing that seems like a detail but is incredibly important. And, of course, we continue to develop the features, speed and efficiency of the product in parallel. Our key feature project for now, being worked on by Anton Swifton, a brilliant mathematician, is the searchability/accessibility feature that allows stored data to be searched and retrieved as though it was in its original format – I can’t tell you what a big deal that is.  We are well on our way to getting that done, having completed step five of seven steps.

 

A couple more pieces of news.  First, we filed another patent application. Its contents must remain secret for now, but the potential is pretty wild. When/if we reduce it to practice our software has even bigger implications. A big if, of course, but the value premise is compelling.   I wish I could talk about it. We can’t until the patent is published a year from now.

 

And the final news: we made it through a rigorous screening process to be invited to participate in Plug and Play Ventures’ high profile accelerator. We presented to them, and last week received the news, “After sitting down with our corporate partners, we are excited to inform you that AtomBeam was one of our highest rated startups that presented, and has been selected to be a part of our Silicon Valley Health Batch 12 Program.” This is a big opportunity; 400 significant corporations participate in their program all over the world, and I have heard from other startups that this is how they were able to get their sales to big companies moving – tons of great connections here. A GREAT opportunity to raise our profile with big companies and venture investors.

 

So there you have it. Never a dull moment, that’s for sure.


- Charles

Podcast on Angel Notes!

7 months ago

Manuel Bleve, who publishes the Angel Notes podcast for crowdfunding, is very selective in choosing companies for his interviews. He screens many companies, prepares carefully for the discussion, and is impressive in his understanding.  I think you will find his questions illuminating and helpful.  Give a listen if you are interested. I think he gave me an opportunity to provide a lot of important color on the technology and the company that I hope you will find useful.  I welcome any comments or questions you have.  Thanks for listening and your interest in AtomBeam in general.  Here is the link (and the URL in case you can't click on it): 

Podcast

https://www.angelnotes.co/meet-the-founder-atom-beam-ceo-charles-yeomans/

- Charles

A Major Milestone: Passing $500K and Rising Fast

8 months ago

Halfway to $1mm! The whole team is watching and excited that so many of you have joined us. It feels like validation, just like signing up a big customer. You work your butt off, deal with COVID, don’t get paid much and use your (in many cases very considerable) brains to deal with the esoteric mathematics and computer science challenges to be overcome that make the product go, and there is nothing like getting some understanding and appreciation back. The people involved in AtomBeam are on a mission, and are glad to have you with us.

 

OK, now some news. An interview was just published about the company in Kingscrowd (https://www.kingscrowd.com/founder-profile-atombeam-charles-yeomans/), a site that tracks crowdfunding campaigns. Our internal sales guy has put the link up on social media.  Which brings me to a point: how you can help promote the company.  If you have an account on one or more of these sites, follow us! The more numbers we get the more we get noticed by press and by extension, potential customers. Here are some links:

 

https://www.linkedin.com/company/35506010

https://www.facebook.com/AtomBeamTech/

https://twitter.com/AtomBeamTech

https://www.youtube.com/channel/UCVR_l_tlXbNgEsUwSlKSgRg

 

We would appreciate it, and you will get updates, as a matter of course, as they are posted. Thanks in advance for the help.

 

More news:

  • We were invited to present to Plug and Play Ventures “Selection Day”.  This is a pretty big deal, since they only choose 20 companies to present out of hundreds that are screened, and we get in front of some big companies and venture firms in the course of presenting our technology.
  • The Korean company continues to work with us on the deal terms. Nothing definitive yet.  Keep your fingers crossed – but it will be a while, most likely, since this is a big company and most of them do not move quickly. And there is lots of activity on the sales front besides them, too.
  • Next week we are applying for a USAF Phase 1 small business contract for applications of our technology to their needs.  Again, cross your fingers.
  • The other day we had a giant Japanese manufacturer reach out to us via our “info” email address asking to get a demo. See what I mean about getting the word out?

 

Your support has a major impact, and not just the funding. There is a lot going on, everyone is working super hard, and knowing that there are folks out there that see what we see and want to be a part of it is a great morale booster. Thanks!

 

  • Charles

$400K and moving like a big dog!

8 months ago

Thanks again to all who invested! The team is thrilled that so many of you understand the implications and potential of AtomBeam’s technology. We are continuing to work hard and plan to spend it wisely. Everyone on our staff is focused on the prize: getting major customers onboarded. To that end, we took a big step forward last week.

As I discussed in the comments below, the $50BN Korean company I have mentioned a couple of times before completed their initial evaluation of the AtomBeam technology and have concluded that it performs as we have described. They achieved 81% compaction on their test data, which astonished them. They have come to us with strong interest in making a license deal and potentially make an investment in AtomBeam. Obviously, we are happy with this development, and are working with them to get a deal set up. We presented to ~200 technology adopters at a Fortune 50 company last week as well, to some good reviews. A quote from the insider who set up the call: “Once again, fantastic presentation.  The example of the trucking telematics was an eye opener for several that I talked to.”

In other news, we bound an insurance policy for crowdfunding specifically: https://tigermark.assurely.com/investment.  Please review what the site says about this coverage.  I think it is an innovative approach designed to provide comfort to investors and the company.=

We are now moving ahead smartly to increase the rate of patent filings. We are working with our patent firm now to organize our ideas and have identified a minimum of six additional potential patents in addition to the seven issued and three pending patents we currently have in the portfolio. We have a terrific patent firm that is also economical that is working with us to build out a dense thicket of patents that would make it very difficult for a prospective competitor. Seven patents in the family is a strong position, but double or triple that number would make it even more intimidating as an IP barrier. When you are working with something so fundamentally new with so many implications, new ideas keep emerging. It is fun, and you as investors are a part of it.

Once again, thanks for your confidence in us, and let’s keep this going!

  • Charles

Notice of Funds Disbursement

8 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, AtomBeam 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 AtomBeam 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

Moving along smartly, $300K!

9 months ago

Thanks to everyone who has invested!  We have passed $300k in under three weeks, and are on track for the capital raise.  

Everyone on the AtomBeam team remains committed and excited by the prospects we have before us. We have lots of folks who are willing to go the extra mile, not only because they are that kind of person, but because they want to be a part of what they believe one day could be a technology that everyone uses every day.  For technology people, this is a way to make your mark.  They have sacrificed much to make AtomBeam happen, and are cheerful and excited about what this company can be one day.

We are pushing hard on the sales front, because we think that nothing will increase the value of AtomBeam more than some sales in the near term to name brand companies. It is never easy for startups to get early sales done, but it is the focus of everybody in the company to get closings; great software, great sales, great followthrough.  Know that everyone from the CEO down is dedicated to making this a breakout year.

Thanks again for investing.  We will do our best to use the capital wisely.

- Charles

$200K and Counting!

9 months ago

Thanks very much to all of our new investors for your enthusiasm.  Your commitment is very gratifying to all of here at AtomBeam.  In turn, you have the commitment of the AtomBeam team to do our best for you.  This round of capital, when we close on the full amount (or at least close to that) will help us a lot in our principal tasks of improving and selling our product.  We will maintain a tight ship and work to apply the capital to where we perceive it to be most productive.  

One application of the technology that is not addressed in any depth in the offering or questions I have addressed is its potential use in satellite communication and other space applications.  Satellite data transmission is expensive, often dozens or hundreds of times more costly than sending data via cellular link.  For some users who need to communicate with remote devices, such as weather stations, offshore oil platforms or ships at sea, satellites are the only way to do it, and sending data can be a major cost item. In many of these circumstances adding AtomBeam's technology can reduce this cost by 75%, as well as reduce latency (the time it takes for the signal to reach its destination).  For NASA, sending a signal from a spacecraft at a distant planet requires enormous effort; the signal typically has all the power of a 20 watt light bulb and spreads out as it travels over millions of miles of space, and errors in the data become a major problem.  With AtomBeam, NASA could potentially vastly improve its deep space communication.  We just need to get them to pay attention. In general, though, space applications are a very exciting area for potential applications of the technology.  Here is a quick video that talks about satellite applications of the technology.

- Charles



Off to a Boffo Start!

9 months ago

Hello to our investors and followers!

We have already hit $137K in under three days, and still counting!  The team is excited that there is so much interest in the company and its technology.  This interest mirrors what we see in the market; big companies and smaller ones that have engaged with us are seeing the potential value the technology could bring to them as well.  It is up to AtomBeam to capture that potential, and our investors are going to help make that happen.

Here is a short video we did for potential customers to explain real world applications of the technology.  I think it hits the mark on why people are interested in the technology, and are devoting time and money testing it for their use.  I welcome your comments and questions and am glad that so many of you are excited about the potential of AtomBeam too!

- Charles Yeomans



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