introduction
“We would like to lay a foundation for the creation of Artificial General Intelligence and smash the current oligopolistic system of a few large companies basically owning all the AI.”
deal highlights
- Harvard alumni. Work experience at Salesforce and Bridgewater Associates.
- Globally recognized investors and advisors with multi-billion-dollar exits, including former Dean of MIT Engineering and Harvard/MIT professors.
- $4.8 million previously raised from 4,200+ investors.
- The market for AI services is estimated to reach $2.8 trillion by 2030.
- If we achieve our vision, we believe GenesisAI has the potential to become one of the most valuable technologies of all time.
- A global AI network that just works.
team
advisors
recommendations
“GenesisAI is fighting back against AI oligopolies by creating the first, open access, marketplace of AI that does not exclude or discriminate against anyone. Its benefits will be shared by all.”
problem
When we were developing Palatine Analytics (a startup selling AI-powered employee performance monitoring systems), we learned that AI development is hindered by these fundamental problems:
- AI development is expensive.
- Independent AI developers can neither monetize nor share their code.
- Today, there are only around 10,000 AI developers in the world. Most companies cannot afford to hire their own team of AI engineers to create in-house AIs, nor do they have enough technical capabilities to correctly determine from which open-source APIs to grab existing AI code.
Astoundingly, there is no way for AIs to exchange data, learn from each other, leverage their capabilities, and trade services — let alone judge the quality of AIs (there is no reputation system). AIs are operating in a closed environment.
solution
So we built GenesisAI.
GenesisAI is a Machine Learning protocol. On top of this protocol, we are building a marketplace for AI products and services. The marketplace, which includes a built-in reputation system, may connect companies in need of AI services, data, and models with companies interested in monetizing their AI tech. Initially, GenesisAI was focused on the asset management space.
MArket
The AI service market is projected to reach $2.8 trillion by 2030 (Transparency Market Research, 2021).
Companies want this.
We launched the GenesisAI product and are generating revenue. We have around 2,000 registered users on the platform. Over 35 AI models deployed.
why invest?
All in all, if you believe in supporting our mission, join us and help us enable anyone in the world to access AI.
- Large corporations may no longer be the only entities able to develop and utilize AI. We believe in making AI accessible: “for the people, by the people.”
- By linking AI services with each other and increasing the supply of AI services, GenesisAI may provide a web platform that offers low-cost AI services. This may make AI technology more efficient and affordable for businesses.
- Our technology may enable different AIs to communicate with each other, exchange data and trade services. Anyone may develop and purchase AI services.
Invest to help us further develop our promising technology. The time is now.
frequently asked questions
Video Transcripts
- Here are the transcripts for the videos featured on this offering page.
Use of Proceeds
If the offering's maximum amount of $3,044,972 is raised:
Use | Value | % of Proceeds |
---|---|---|
Unallocated Funds | $0 | less than 0.1% |
Payroll/reasearch and development | $1,611,595 | 52.9% |
Sales and Marketing | $1,070,000 | 35.1% |
Legal | $150,000 | 4.9% |
Accounting | $64,173 | 2.1% |
Intermediary fees | $149,204 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class A Common Stock, under registration exemption 4(a)(6), in Thoughtstorm dba Kwilith. This offering must reach its target of at least $10,000 by its offering deadline of August 31, 2023 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
Kwilith’s official name is Thoughtstorm, so that’s the name that appears in the statements below.
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
- Form C on July 8, 2022
- Form C/A on July 8, 2022
- Form C/A on July 19, 2022
- Form C/A on August 3, 2022
- Form C/A on September 12, 2022
- Form C/A on November 7, 2022
- Form C/A on January 12, 2023
- Form C/A on January 19, 2023
- Form C/A on January 25, 2023
- Form C/A on February 21, 2023
- Form C/A on April 27, 2023
- Form C/A on June 8, 2023
- Form C/A on June 30, 2023
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Sep 1, 2023Primary offering finalized, sellingshares
- Jul 5, 2023Happy Independence Day
- Jun 28, 2023We are continuing our series of blog posts...
- Jun 23, 2023Dear GenesisAI Community, 1. Software Engineer...
- May 25, 2023GenesisAI advances to the quarter-final at the...
- Apr 27, 2023GenesisAI got featured on Benzinga - discussing...
- Apr 26, 2023We have raised around over $300k in the current...
- Apr 12, 2023I'm thrilled to announce our latest blog post:...
- Apr 5, 2023Check out our latest blog post: "StartEngine...
- Mar 23, 2023GenesisAI recently published an in-depth...
- Mar 20, 2023I had a pleasure to be a guest at Just Not...
- Mar 15, 2023We got a few questions from our stakeholders...
- Mar 9, 2023I am excited to share with you a podcast that I...
- Feb 8, 2023GenesisAI and Graze, recently hosted a webinar...
- Feb 3, 2023We got a few questions about why we are raising...
- Jan 30, 2023GenesisAI and Graze will be hosting a webinar...
- Jan 25, 2023We got a few questions how to receive update...
- Jan 24, 2023We will be hosting a webinar with Graze on...
- Jan 19, 2023AI is probably the most transformational tech...
- Jan 13, 2023We have raised around over $200k in the current...
- Jan 4, 2023The buzz for generative AI has reached a fervor...
- Jan 1, 2023Dear GenesisAI community, The GenesisAI team...
- Dec 24, 2022Dear GenesisAI community, May this Christmas...
- Dec 22, 2022I had the pleasure to be featured at They Got...
- Dec 16, 2022OpenAI released ChatGPT which is #1 AI-powered...
- Dec 14, 2022There are a few equity crowdfunding...
- Dec 10, 2022On Dec 8th, we hosted a webinar. We made...
- Dec 8, 2022GenesisAI is hosting a webinar this Thursday 12...
- Dec 7, 2022This is a friendly reminder that GenesisAI and...
- Dec 5, 2022Hello everyone! GenesisAI and ChipBrain invite...
- Nov 30, 2022When it comes to investing, there are a lot of...
- Nov 21, 2022In today's video, we will review Netcapital and...
- Nov 11, 2022I had the pleasure to pitch GenesisAI to around...
- Nov 9, 2022GenesisAI's CEO will be attending Equity...
- Oct 31, 2022Last week's webinar recording is available. On...
- Oct 27, 2022What do you think is the future of the economy?...
- Oct 27, 2022GenesisAI will be presenting at the virtual...
- Oct 24, 2022AI is transforming the world but how it is used...
- Oct 21, 2022GenesisAI will be presenting at the virtual...
- Oct 17, 2022AIs debating Youtube video. One of the most...
- Oct 13, 2022Tech update. I am glad to see GenesisAI making...
- Oct 10, 2022GenesisAI has successfully received a trademark...
- Oct 4, 2022I am excited to announce that we are on G2! G2...
- Sep 28, 2022Top 33 CEOs. I am honored to be named as United...
- Sep 21, 2022We are thrilled to announce that we have...
- Sep 16, 2022Feedback on GenesisAI. Today, I would like to...
- Sep 12, 2022Top 100 CEOs. I am honored to be named as...
- Sep 8, 2022AI use case survey. One of the biggest...
- Sep 6, 2022Podcast on Youtube. I had the pleasure to speak...
- Aug 30, 2022Last week's webinar recording is available. On...
- Aug 26, 2022A major tech milestone has been achieved. We...
- Aug 23, 2022GenesisAI Webinar will be tomorrow. On August...
- Aug 17, 2022GenesisAI Webinar invitation. Next week, on...
- Aug 15, 2022Major fundraising announcement. GenesisAI's...
- Aug 11, 2022Major tech announcement. GenesisAI's AI API hub...
- Aug 9, 2022Based on popular demand, we are having a...
- Aug 4, 2022More tech announcement! Our engineering team...
- Jul 27, 2022Our tech is getting better day by day. I am...
- Jul 25, 2022Our funding campaign is off to a great start....
- Jul 20, 2022Want to know what other people think about...
- Jul 14, 2022I am thrilled to announce our next round of...
- Jul 4, 2022Happy 4th, everyone! July 4th is arguably the...
- Jun 27, 2022The wait has been too long! GenesisAI is...
- May 30, 20221 day left to invest in GenesisAI on Dealmaker....
- May 27, 2022I am glad to announce that the conference that...
- May 25, 2022Last chance to invest in GenesisAI via...
- May 23, 2022Dear GenesisAI community, 7 days left to...
- May 19, 2022Today is one of the most important days in...
- May 18, 2022We have around 400 people registered for our...
- May 16, 2022I am glad to announce that we have around 300...
- May 12, 2022Hello GenesisAI community, Archil, CEO of...
- May 10, 2022Join us on May 19th, at 12 pm ET! We will be...
- May 5, 2022Have you ever wondered how your grandparents...
- May 3, 2022We deployed a technology that allows anyone in...
- Apr 29, 2022Around a year ago we used to have around 6 AI...
- Apr 25, 2022Hello GenesisAI community, It is my great...
- Apr 22, 2022New hire! Former Software Engineer from Google!...
- Apr 7, 2022Hello Friends, We got featured at Insidebigdata...
- Mar 28, 2022GenesisAI got recognized as one of the most...
- Mar 24, 2022Here is GenesisAI CEO’s article published on...
- Mar 21, 2022GenesisAI featured at a top startup growth blog...
- Mar 18, 2022Hello GenesisAI community, We have some...
- Feb 21, 2022Check out the article by CEO of GenesisAI on...
- Feb 8, 2022Hello everyone, it is my great pleasure to...
- Jan 10, 2022We are going to use Discord as a communication...
- Dec 23, 2021GenesisAI team wishes you a Joyful Christmas...
- Dec 15, 2021New Team member & Article in Entrepreneur!...
- Nov 17, 2021Big product update! New Demo Video We have made...
- Oct 27, 2021Hello GenesisAI community, GenesisAI is moving...
- Oct 20, 2021I am thrilled to announce that GenesisAI got...
- Jul 17, 2021Primary offering finalized, sellingshares
- Jul 16, 2021GenesisAI CEO featured in FORBES! The current...
- Jul 15, 2021Last chance to join the AI movement! Closing in...
- Jul 13, 2021Featured on Kalkine TV! Had a great interview...
- Jul 12, 2021Our current round closing in 5 days on July...
- Jul 7, 2021Tech Announcement! GenesisAI adds a translation...
- Jul 4, 2021Over $2M raised! Few days remaining to join the...
- Jul 1, 2021The average number of new monthly registrations...
- Jun 28, 2021Our technology is getting better a day by day....
- Jun 21, 2021Breaking $1M raised benchmark for the current...
- Jun 17, 2021Dear GenesisAI community, I am glad to have...
- Jun 11, 2021New video! Why we are building GenesisAI! In...
- Jun 7, 2021We got recognized as one of the top 3 AI...
- Jun 3, 2021Dear GenesisAI community We launched our...
- May 31, 2021Partnership Announcement! AEIDC & GenesisAI!...
- Apr 30, 2021Daily Finance nominated GenesisAI as a top...
- Apr 28, 2021GenesisAI presenting at 2021 Harvard University...
- Apr 25, 2021Over $400k raised in ~ 2 weeks! GenesisAI is...
- Apr 19, 2021GenesisAI's CEO speaking at Investor Connect...
- Apr 12, 2021GenesisAI is proud to announce that Ekoios has...
- Apr 8, 2021GenesisAI raises $1.3M+! Opening a new round to...
- Mar 23, 2021Primary offering finalized, sellingshares
- Dec 29, 2020Watch the recording of the webinar about AI and...
- Dec 25, 2020Wishing you a Merry Christmas and a prosperous...
- Dec 1, 2020GenesisAI is proud to announce that SmartClick...
- Nov 23, 2020Presented at a premier venture conference -...
- Nov 17, 2020Over $1.1M raised! We are moving forward and...
- Nov 11, 2020I am thrilled to announce that the premier AI...
- Nov 7, 2020Watch the recording of the webinar about AI and...
- Nov 2, 2020GenesisAI featured in AE! I am glad to have...
- Oct 29, 2020I would like to congratulate everyone that we...
- Oct 26, 2020Netcapital published a blog post about us! AI...
- Oct 20, 2020Every day we are becoming stronger and...
- Oct 9, 2020GenesisAI video has over 135,000 views on...
- Sep 30, 2020We broke the $600k raised mark TODAY! I would...
- Sep 25, 2020GenesisAI Webinar on Youtube! I had a pleasure...
- Sep 22, 2020GenesisAI featured in InvestorPlace! We have...
- Sep 18, 2020We are thrilled to announce that the premier AI...
- Sep 15, 2020Our round is filling up faster! Average weekly...
- Sep 11, 2020GenesisAI featured in Business Insider and...
- Sep 7, 2020We reached 300 investors! Over $250k committed!...
- Sep 3, 2020GenesisAI is proud to announce that RebootAI...
- Aug 16, 2020Hello GenesisAI community! In a short time...
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