Coronado Times
DAX the Robot Comes to Coronado (video)
Daxbot
Invest In Robots that We Like
Philomath, OR
Engineering
Technology
At Daxbot, we designed a food delivery robot capable of both driving itself to make short range deliveries and maintaining charming interactions with customers. We are building the future of robotics that people want through enjoyable human-technology interactions.
$351,940
raised
262
Investors
$37.3M
Valuation
$3.39
Price per Share
$169.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering
Rewards
Get rewarded for investing more into Daxbot:
$169+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000+
Investment
Helium Class
Invest $1,000 and receive 3% bonus shares and a Dax T-Shirt.
$5,000+
Investment
Lithium Class
Invest $5,000 and receive 5% bonus shares, and a Dax T-Shirt or 3D Dax Miniature.
$10,000+
Investment
Beryllium Class
Invest $10,000 and receive 7% bonus shares, and a Dax T-Shirt, 3D Dax Miniature, or Dax Plushie.
$50,000+
Investment
Boron Class
Invest $50,000 and receive 10% bonus shares and Dax will come do a delivery to your doorstep (anywhere in the continental USA).
Reasons to Invest
The food delivery market is projected to hit $200 billion by the end of 2026, with robotic deliveries making up $1 billion of that market.
Our patented technology is already being deployed through multiple partnerships across the US.
Our team of experienced engineers and designers are uniquely adaptable, ready, and willing to find innovative solutions to new problems in our emerging field.
A Delivery Robot that People Will Love
We designed Dax food delivery robots to build the future of robotics that people want to see. There are so many issues that robots can solve and delivery is the best first step. Dax is an experience with something you enjoy interacting with; a ‘who’ not just a what.
Our robot is designed with cutting edge artificial intelligence to navigate sidewalks safely, provide delightful customer interaction, and take on short-range deliveries that are less profitable for restaurants or human delivery services.
The Problem
Food Delivery is Growing at a Faster Rate than People Alone Can Sustain
Robotic delivery is starting to emerge in cities across the United States. In order for urban robots to be widely used they need to be widely accepted by people and governments. Shouldn’t your food be delivered by a robot that you actually like?
The solution
Designing Robots for Human Interaction
We designed cutting edge, revolutionary food delivery robots that our customers love to interact with. We want to deliver memorable interactions similar to those you might have with a pet dog, something that is understanding and can be understood.
Our robots are capable of traveling up to 3 miles round trip, opening doors, crossing streets safely, and navigating in pitch-black nighttime conditions.
Businesses will rent our delivery service from us at $2,000 a month per robot.
How We Made Robots that Humans Love
Dax is the only urban robot we know of that communicates through nonverbal inflections and emotive expressions.
When Dax tilts its head and smiles at you, you don’t have to think about what that means, because it was designed to connect with humans the way we communicate.
The market
Providing Delivery Solutions in Multiple Massive Markets
We see Dax as having applications in two distinct initial markets: food deliveries from restaurants and grocery stores to homes, and closed environment deliveries at places like assisted living facilities and golf courses.
The food delivery market is projected to hit $200 billion by the end of 2026, with robotic deliveries making up $1 billion of that market. (Source 1, 2, and 3)
Meanwhile, for golf courses, our total attainable market is around $200 million. For assisted living facilities, it is nearly $600 million.
Our traction
Groundbreaking Technology and Enthusiastic Adoption
In 2017, Daxbot was approved by city council for use on public sidewalks in Philomath, Oregon. We have five fully filed US patents protecting our revolutionary technology. Our first prototype was deployed in 2018, and in 2019 it ran a 5k race.
During the Covid pandemic, we deployed a fleet of robots into Philomath for restaurant delivery. We also tested a security prototype, deployed to an assisted living facility, and can now do successful night delivery, confirming our technology can navigate sidewalks without any light.
We are currently launching restaurant delivery bots in the city of Coronado, California, along with additional customers in Georgia and Washington D.C.
Why Invest
Raising the Standard for the Future of Robotics
We are building the future people want to see in robots. The market has clearly demonstrated robotic deliveries are the future, but people want robotic delivery from something that they like.
In our emerging industry, we made sure to build a uniquely adaptable team willing to find innovative solutions as our market segment develops.
Dax was designed with the ultimate, long-term goal of creating a super-adaptable artificial intelligence platform. The software behind Dax’s operating system was written by us with the idea that as the technology develops, we will discover many new and exciting applications. Robotic delivery is just the beginning. With our patented technology winning over the hearts of everyone that interacts with it in our early deployments, we are ready to disrupt the multi-billion dollar food delivery market.
Join us as we make robotic deliveries personal with robots that people like.
In the Press
Coronado Eagle & Journal
Coronado Restaurants Welcome “Dax” To Deliver Orders To Residents
Ruralite
Dax Delivers
KOIN 6
Philomath's self-driving robot, Dax, provides free contactless delivery during pandemic
Corvallis Advocate
MEET DAX, PHILOMATH’S DELIVERY ROBOT
Philomath Express
Nova Dynamics robot doing deliveries around Philomath
Offering Summary
Company | : | Daxbot Inc. |
Corporate Address | : | 517 N 19th St, Philomath, OR 97370 |
Offering Minimum | : | $9,997.11 |
Offering Maximum | : | $1,069,995.87 |
Minimum Investment Amount(per investor) | : | $169.50 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,949 |
Maximum Number of Shares Offered | : | 315,633 |
Price per Share | : | $3.39 |
Pre-Money Valuation | : | $37,320,510.00 |
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.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 10% bonus shares.
Super Early Bird Bonus
Invest within the first 7 days and receive additional 7% bonus shares.
Early Bird Bonus
Invest within the first 14 days and receive an additional 5% bonus shares.
Amount-Based
$339+ | Hydrogen Class
Invest $339 and receive a Daxbot Keychain.
$1,000+ | Helium Class
Invest $1,000 and receive 3% bonus shares and a Dax T-Shirt.
$5,000+ | Lithium Class
Invest $5,000 and receive 5% bonus shares, and a Dax T-Shirt or 3D Dax Miniature.
$10,000+ | Beryllium Class
Invest $10,000 and receive 7% bonus shares, and a Dax T-Shirt, 3D Dax Miniature, or Dax Plushie.
$50,000+ | Boron Class
Invest $50,000 and receive 10% bonus shares and Dax will come do a delivery to your doorstep (anywhere in the continental USA).
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Daxbot 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 $3.39 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $339. 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: Vendor payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$482,824.00
USD
$447,271.00
USD
Cash And Cash Equivalents
$23,243.00
USD
$142,108.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$1,062,786.00
USD
$435,915.00
USD
Long Term Debt
$110,000.00
USD
$55,000.00
USD
Revenues And Sales
$73,042.00
USD
$649,896.00
USD
Costs Of Goods Sold
$4,108.00
USD
$7,706.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$646,318.00
USD
-$45,706.00
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
History Meets Robotics
6 days agoIn our hometown of Philomath, OR, there is a lumber store built in one of our more historic Philomath buildings. Above the lumber store there's a bookstore, with some of the best deals on old books that we've seen.
An interesting way to look at new technology, like Dax, is to realize that he's really a continuum of the history that's been lived out before us. In every generation there are new ideas, some better than others, and the things that we now take for granted were once as novel as something like Dax is today.
And yes, we did pester one of our local robots and load him up with books.
Notice of Funds Disbursement
8 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Daxbot 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 Daxbot 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
The Dax Manufacturing Line
8 days agoOne person can build a Dax in 80 hours: this is a line-up of some of the Dax that are currently near completion, and each has his own name: We have names from Porky to Lucky to Smoav to Larry, usually based on series of characters from popular shows (if you couldn't guess).
Internally we use these names to tell the bots apart. Each bot also has his name on a QR code next to his battery pack: Strangely Dax tend to end up with their own "personalities". Someday we might open up Dax naming to suggestions, but in the meantime this is something that falls to manufacturing.
Dax takes Fayetteville, GA
11 days agoSneak preview of Dax getting to know some of the people in Fayetteville, GA.
We're currently working on uploading some of our best "Dax Home Videos" to YouTube. Like this one, these videos come from Dax's perspective and show what the world looks like as a Dax Robot.
Dax On Benzinga
14 days agoBenzinga introduced their readers to Dax yesterday, in this article comparing him to R2D2: The article goes on to point out some of the interesting tech advancements that have been "foretold" in sci-fi movies. We've been looking forward to them dropping this article, and were excited to see that happen and to share Dax with more of the world!
Seeing people form relationships with Dax is one of the ways that we know we're succeeding in making a "who" instead of a "what": When we see all the people waving at Dax as he passes, or saying "hello" when he rolls in it keeps us excited, because we're not bringing sci-fi to real life unless people can feel like they have a connection with Dax, and imagine a whole personality around his AI programming!
Mapping Georgia
18 days agoAs part of the integration process with new customers Dax robots are sent to new deployment locations to pre-map the entire delivery area and note possible hazards before deliveries begin. This usually attracts a lot of attention from the locals, and Dax gets a lot of publicity.
Dax robots are now in Georgia, preparing to pre-map for delivery with Nourish + Bloom!
The Dax Rap
21 days agoThe Operations department has an unusual perspective on Dax, since they oversee all of his deliveries and interactions. This Dax Rap is the product of a coalition between Marketing and Operations, with most of the credit going to Operations.
The Dax Rap Lyric Video, Now Available on YouTube.
Daxbot Night Vision
26 days agoDax does deliveries in the dark, so he needs to see in the dark. Street lights don't supply sufficient lighting for a robot to drive itself, and they don't cover all places that Dax might have to drive through.
To solve this problem Dax has IR filters, so that he can see at night without annoying everyone around him. He can see at night almost as well as he can see in the day, and headlights don't blind him. He also has hazard lights that blink to show where he is in the dark, but aren't annoying for passers-by.
Below is a comparison of what can be seen by the naked eye on a dark street, and what Dax robots can see:
Daxbot Expansion
about 1 month agoWe've been making and sending out more Dax, which means we need more space. Fortunately, we have a new office building in mind, in a business development that's currently being built nearby!
The plan is for manufacturing to stay in our current buildings, while our offices and operations move into the new space. The new build location is across the street, which makes this pretty convenient! For now we just have a sign on a construction fence at the new place, but we're pretty excited about what's ahead!
Three Dax Walk Into A Bar...
about 1 month agoOver the last year we've worked with several marketing agencies who wanted to use Dax for ads. Dax has been in several marketing videos, including one of his most recent appearances in an ad promoting Tacoma FD.
We've also made some of our own shorts with Dax, including this one. We sent three Dax into a bar. You can hear the nod to Star Wars near the end of the video.
It's hard to say how big a part of our future marketing appearances might be, but it's an unexpected and interesting way to use Dax's interactive design!
We’re overwhelmed by all the support we’ve received in the first couple days of our funding round! 
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