INVEST IN VEEBOT SYSTEMS TODAY!

Hands-Free, Accurate Needle Insertion

Veebot Systems has developed an autonomous, image-guided robotic needle insertion system to revolutionize vascular access–taking the guesswork out of one of the world’s most common medical procedures. Our patented technology is designed to eliminate painful failed needle sticks and enable healthcare providers to deliver the highest standard of care – from blood draws to IV catheter insertion to vaccine delivery – we believe the future of needle insertion is here.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Veebot Systems

$22,446.65 Raised

REASONS TO INVEST

Reasons Icon

Industry Need: Veebot Systems is pioneering an automated solution to IV needle insertion, a gateway medical procedure performed over 1 billion times every year. While this procedure happens in virtually every medical facility, it is traditionally difficult for medical staff and costly for medical facilities, with ¼ attempts failing.*

Reasons Icon

Breakthrough Patented Technology & Working Prototype: We hold 4 U.S. and 1 European patent for our robotic needle insertion technology, with additional patents pending. Our working prototype has successfully obtained IV access on a wide array of subjects with different body and skin types, including traditionally difficult profiles for needle insertion. We are currently preparing to conduct a series of clinical trials.

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Huge Market Potential: Our image-guided needle insertion system has many different applications in the healthcare space, from blood draw to IV insertion, catheter placement, vaccine delivery, and biopsies – creating an enormous opportunity for our company to provide value to the healthcare industry.

*Information from The National Library of Medicine (Source)







Overview


Re-inventing Needle Insertion

*This product is still currently under development and is not yet available on the market.


Veebot Systems’ working prototype combines medical imaging and robotics to eliminate the guesswork from needle insertion procedures. Our system aims to reduce failed needle insertion attempts – even in patients with traditionally low success rates –to improve patient comfort and access to treatment and facilitate diagnostics and care both inside and outside of traditional medical facilities.



The Problem & Our solution


Failed Needle Insertion Attempts:
One of Healthcare's Most Overlooked Problems

Over 1 billion attempts to gain intravenous access are performed each year, making them among the most common invasive medical procedures in the world. These procedures are traditionally challenging, with 1 out of every 4 attempts failing due to a combination of difficult patient anatomy and the experience of the person inserting the needle. Failed attempts result in bottlenecks at healthcare facilities and poor patient experience, creating a genuine need to improve the existing standard of care.


*This product is still currently under development and is not yet available on the market.


Veebot Systems aims to revolutionize needle insertion by introducing image guidance and robotic precision into every attempt. Our system uses state of the art medical imaging, computer vision, and machine learning to automatically identify target insertion sites, track them in real-time, and robotically align and insert a needle into a selected target. Our technology has shown overwhelming promise on a wide array of subjects, from overweight men to petite women across all skin complexions and body types.


the market & Our Traction


Groundbreaking Technology for 
Needle Insertion

We estimate the total addressable global market for peripheral needle insertion to be approximately $50 billion – comprised of consumables including needles, IVs, tubes, etc. – (29%) and labor (71%). We believe our system is equipped to impact this market by changing the way needle insertion is performed.



Veebot has developed a working prototype that has successfully gained venous access on males and females with different skin colors and body types. We currently hold 4 U.S. and 1 European patent focused on this technology and have several applications pending. We are currently applying for an Investigational Device Exemption from the FDA to begin clinical trials that demonstrate the feasibility, safety, and efficacy of our system.


Our mission is to revolutionize needle insertion, led by our passionate founding team of engineers and a physician-entrepreneur and supported by an advisory group of physicians with backgrounds in anesthesiology, acute care, dialysis, and vascular surgery.



Why Invest


The Future of Needle Insertion: 
Image-Guided, Robotic Precision

*This product is still currently under development and is not yet available on the market.


Needle insertion is a gateway medical procedure and an essential part of healthcare, used millions of times every day to facilitate patient diagnosis and treatment. Because these procedure fail so often – causing pain for patients and stress and delays for healthcare facilities – we believe that our hands-free needle insertion technology has the potential to impact multiple sectors of the healthcare market. From blood draw, to IV insertion, to dialysis catheter insertion, to vaccinations and biopsies – our technology can be used in both traditional medical facilities like hospitals, doctor's offices, and blood labs, as well as non-traditional facilities such as pharmacies, military bases, and home care. 


At Veebot Systems, our goal is to provide a better patient experience and eliminate bottlenecks in the healthcare system caused by failed needle insertion attempts. With an estimated $50 billion annual market opportunity and billions of procedures done each year, our patented technology stands to benefit from creating a better standard of care in needle insertion. 



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ABOUT

HEADQUARTERS

13113 NW 42nd Ave
Opa Locka, FL 33054
VALUATION

$13.99M

Veebot Systems has developed an autonomous, image-guided robotic needle insertion system to revolutionize vascular access–taking the guesswork out of one of the world’s most common medical procedures. Our patented technology is designed to eliminate painful failed needle sticks and enable healthcare providers to deliver the highest standard of care – from blood draws to IV catheter insertion to vaccine delivery – we believe the future of needle insertion is here.

TEAM

William Haugland
William Haugland
Chief Executive Officer, President

Will Haugland is the CEO and cofounder of Veebot Systems. Before becoming CEO, Will was the Lead Computer Vision Engineer and was responsible for development of the algorithms related to computer vision. Will worked on the development of algorithms used to identify and track vessels in real time using medical images. Will later contributed to the overall development process and worked to improve the overall function and reliability of the products being developed by Veebot Systems. Prior to joining the Veebot Systems team Will earned his masters degree at the University of Bergen in Applied and Computational Mathematics with an emphasis on medical imaging. Will earned his bachelor's degree at the University of Miami in Biomedical Engineering with a minor in mathematics before working on his masters. 

Richard Harris
Richard Harris
Co-founder, Treasurer, Board Member

Richard Harris is a Mechanical Engineer by training. He graduated from Princeton University with a degree in Mechanical Engineering and then from Stanford with a Masters in Mechanical Engineering. Richard started his career as a Systems Engineer for Seaview Research, and grew to become CTO and member of the Board. Shortly after the sale of Seaview Research to Quotient Sciences, Richard founded American Standard Value Inc, where he began purchasing and overseeing the operation of swimming pool service businesses. After four acquisitions and a merger agreement, the company sold to Atlantic Street Capital in 2021. Richard has also worked as a Software Engineer for Neocis Inc, a dental robotics company based out of Miami, Florida. He is an avid value investor and loves tennis and computer programming.

Stuart Harris
Stuart Harris
Co-founder, Board Member, Secretary

Stuart Harris got his MD and PhD from the Division of Physiology and Pharmacology from Duke University. After briefly working at the NIH, Stuart became the Medical Director for SFBC, a Phase I CRO in Miami, Florida. Stuart later founded Seaview Research, and where he served as President and Medical Director for over 22 years before selling the busienss to Quotient Sciences. Stuart is a lifetime entrepreneur, being the cofounder of Pollo Tropical in 1988 which sold for $90MM to Carrols Corporation in 1998, and early investor in Vector Products, a designer of portable power products, which sold to Black and Decker in 2006.

TERMS

Veebot Systems
Overview
PRICE PER SHARE
$3.18
DEADLINE
Mar 11, 2023
VALUATION
$13.99M
AMOUNT RAISED
$22,446.65
Breakdown
MIN INVESTMENT
$101.76
MAX INVESTMENT
$1,234,997.52
MIN NUMBER OF SHARES OFFERED
3,144
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
388,364

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Veebot Systems, Inc.

Corporate Address

:

13113 NW 42nd Ave, Opa Locka, FL 33054

Offering Minimum

:

$9,997.92

Offering Maximum

:

$1,234,997.52

Minimum Investment Amount

(per investor)

:

$101.76











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

3,144

Maximum Number of Shares Offered

:

388,364

Price per Share

:

$3.18

Pre-Money Valuation

:

$13,992,000.00











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

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.

Time-Based Perks

Friends and Family - First 72 hours | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus shares

Early Bird Bonus - Next 7 days | 5% bonus shares

Volume-Based Perks

Tier 1 Perk — Invest $1000+ and receive 1% bonus shares

Tier 2 Perk — Invest $5,000+ and receive 2% bonus shares

Tier 3 Perk — Invest $10,000+ and receive 5% bonus shares

Tier 4 Perk — Invest $25,000+ and receive 10% bonus shares

Tier 5 Perk — Invest $50,000+ and receive 15% bonus shares

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Veebot Systems 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 $3.18 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $318. 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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Veebot Systems.

$101.00

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.

$1,000.00

Tier 1 Perk

Invest $1000+ and receive 1% bonus shares

$5,000.00

Tier 2 Perk

Invest $5,000+ and receive 2% bonus shares

$10,000.00

Tier 3 Perk

Invest $10,000+ and receive 5% bonus shares

$25,000.00

Tier 4 Perk

Invest $25,000+ and receive 10% bonus shares

$50,000.00

Tier 5 Perk

Invest $50,000+ and receive 15% bonus shares

JOIN THE DISCUSSION













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Cancel anytime before 48 hours before a rolling close or the offering end date.

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SECURE

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RAISED
$22,446.65
INVESTORS
41
MIN INVEST
$101.76
VALUATION
$13.99M

@ 2022 All Rights Reserved

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