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Mycroft AI

Operating

Mycroft AI Inc.

Software & AI

The Open Voice Assistant

Post-money valuation ⓘ
$38.6M
As of Jan 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$6,301,757
Crowd $1.4M · Private $4.9M · 16 rounds since 2016
Latest share price
$1.70
Reg CF · Series Seed-2 Non-Voting Preferred Stock · Jul 2021 offering price

Financials

FY2016–FY2021 · from SEC filings · hover any figure for its source
$69K
−$14K
2016
$298K
−$980K
2017
$95K
−$2.0M
2018
$152K
−$1.6M
2019
$53K
−$1.4M
2020
$98K
−$1.3M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2019
FY2020 audited
FY2021 audited
Income statement
Revenue
$68,822
$298,278
$95,009
$151,595
$52,565
$97,850
Cost of goods sold
$8,372
$188,804
$70,855
$27,121
$47,236
$55,894
Gross margin
88%
37%
25%
82%
10%
43%
Net income
-$14,074
-$979,833
-$1,988,718
-$1,634,372
-$1,369,533
-$1,250,806
Taxes paid
$10,189
$0
$0
$0
$0
$0
Balance sheet
Cash
$8,135
$129,643
$348,469
$117,432
$227,005
$79,933
Accounts receivable
$0
$43,601
$0
$2,569
$8,000
$0
Total assets
$631,552
$1,569,742
$1,889,358
$1,123,312
$1,605,537
$2,971,772
Short-term debt
$198,666
$232,115
$547,822
$477,430
$962,158
$2,147,776
Long-term debt
$420,818
$2,058,391
$1,113,151
$1,182,947
$2,384,537
$2,458,558
Total liabilities
$619,483
$2,290,506
$1,660,973
$1,660,377
$3,346,695
$4,606,335
Other
Headcount
—
16
16
5
8
11

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$12.0M
est. pre-money
$38.0M
pre-money
Reg CF · Common · Jun 2018
Reg CF · Series Seed-2 Non-Voting Preferred · Jul 2021

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$1.70$0.85$1.00
Jun 2018Jul 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Dec 31, 2018
ClassOutstandingVotes / shareShare of totalVotesLast price
Non-Voting Common Stock7,209,242none100.0%——

Shares outstanding over timein today's share terms

7.5M3.8M0
Dec 2017Dec 2018
Non-Voting Common StockRound opened

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $367K / $5MInvestors 362Post-money $38.6M
Raised $120KInvestors 2
Raised $5KInvestors 1
Raised $1.1M / $1.1MInvestors 1,347Est. pre-money $12M
Raised $11.8KInvestors 2
Raised $37.6KInvestors 1
Raised $200KInvestors 1
Raised $300KInvestors 1
Raised $1.1MInvestors 31
Raised $150KInvestors 1
Raised $4KInvestors 1
Raised —Investors 1
Raised $490KInvestors 18
Raised $20KInvestors 1

Team

17 people
Joshua MontgomeryFounder
CEO & Director

One of the few entrepreneurs in the United States to build a gigabit fiber network from scratch, Joshua brings more than 15 years of entrepreneurial experience to the Mycroft project. Joshua’s previous project, Wicked Broadband, has been featured in Wired, ArsTechnica, and Forbes. He is a firm supporter of the open source movement and committed to an open future for AI. 2015 - Present - Mycroft AI Inc. Full Time 2018 - Present - Brass Cannon LLC Manager 2009 - Present - Captain (Reserve), United States Air Force 2006 - Present - Co-Owner, Wicked Broadband, Gigabit fiber-to-the-home ISP.

Kristie AdairFounder
CFO & Director of Marketing

As an entrepreneur with over 10 years experience Kris has the ability to work in many situations. Kris has a strong social media presence and is responsible for leading Mycroft’s marketing effort. She serves as the executive director of the Lawrence Center for Entrepreneurship where she helps entrepreneurs succeed by providing a makerspace, co-working environment and data center. 2016 - Present - Mycroft AI Inc. 2013 - 2017 - Member, USD497 School Board 2006 - Present - Co-Owner, Wicked Broadband, Gigabit fiber-to-the-home ISP.

Steve PenrodFounder
CTO

Steve brings over 20 years of product development experience to the Mycroft team. At Autodesk he developed CAD and GIS systems and explored touch and voice interfaces in their early days. At GNS Healthcare he built research tools to fight cancer and heart disease. Most recently he led Rhythm Engineering’s development, convincing the traffic industry that real-time traffic optimization is possible, effective and safe. He wants to continue using his talents to build technology that makes a better world. 2016 - Present - Mycroft AI Inc. 2014 - 2016 - Owner, Penrod Development Group, Voice Assistant R&D

Michael Lewis
President, CEO, Principal Executive Officer, Director, Principal Financial Officer and Principal Accounting Officer
Derick Schweppe
Chief Design Officer

Derick is a former industrial design instructor at the University of Kansas where he shared his passion for design with talented students. Derick’s portfolio is filled with projects that help people develop emotional connections to the products they use every day. His artistic talents are responsible for giving Mycroft both form and functionality. 2015 - Present, Mycroft AI Inc. 2009 - 2017, Design Lecturer, The University of Kansas School of Design

Nate Tomasi
COO

Nate is a COO with experience leading two successful startups. He worked with Steve Penrod at Rhythm Engineering for three years before joining Captify Health which was then acquired by Continuum Health. Nate brings strong organizational and leadership skills to the Mycroft team where he is responsible for operations. 2017 - Present, Mycroft AI Inc. 2015 - 2017, Director of Operations, Captify Health, Medical Technology 2010 - 2015, VP Operations, Rythm Engineering, Traffic Engineering

Kathy Reid
Director of Developer Relations

Kathy works at the intersection of open source, emerging technologies and technical communities. At Mycroft, she is an advocate for the developer community, leading efforts to build processes, tools and documentation. Before Mycroft, she spent 20 years in leadership at Deakin University and is the current President of the not-for-profit organization Linux Australia, Inc.

Ake Forslund
Software Engineer

Ake is a talented developer with a background in embedded systems and software development processes. Known as the "Release King" at Mycroft, Ake is responsible for several important parts of the Mycroft stack including early work on speech synthesis and the company's continuous integration systems.

Chris Veilleux
Lead Backend Developer

Chris brings over 2 decades of software engineering, SQL, and relational database design experience to the Mycroft team. At DST Systems Chris lead teams in software development, testing, and modernization. At BATS Chris designed, developed, and maintained software and database applications. Chris later joined Farmobile, where he lead efforts to re-architect the backend code base to improve maintainability. Chris brings a large wealth of backend development experience to the Mycroft team. Chris enjoys golfing and supporting his competitive cheerleading daughters.

Show 8 more people
Darren Courtney
Production Manager

Darren Courtney leads Mycroft’s production team. He takes orders from the customers, performs quality assurance and tracks outgoing shipments. He is also responsible for front line customer service where he interacts with customers to make sure any performance issues with Mycroft’s hardware are addressed promptly.

David Smehlik
Designer

David is a talented designer with an eye for detail. As a member of the Mycroft team David has been responsible for the graphics and layout of most of Mycroft’s public facing resources. David has also been instrumental in developing packaging, promotional materials and has recently taken a role in the design of the Mark II smart speaker.

Eric Jurgeson
Business Analyst

A graduate of Loyota University, Eric joined the Mycroft team in 2016 as an executive assistant. After attending 500 Startups with the team, Eric was promoted to a business analyst position where he helps to track and communicate metrics.

John DeMaddalena
Executive Assistant

Johnny is Mycroft’s newest team member. As Joshua’s assistant he is responsible for tracking investor relationships, researching fundraising strategy, managing various schedules and interacting with both investors and team members on Joshua’s behalf.

Keith Ito
Software Engineer

Keith Ito is a former Googler and has been heavily involved in efforts surrounding machine learning for years. He was a member of the Google Maps team before joining Clarif.ai. He is responsible for Mycroft's speech synthesis efforts.

Matheus Lima
Software Engineer

Matheus has been with Mycroft since the inception of the software team and is responsible for development efforts surrounding the company's cloud based software. A talented engineer, Matheus recently received his master's degree and is an integral part of the Mycroft team.

Matthew Scholefield
Software Engineer

Matthew leads several efforts at Mycroft that make use of machine learning. Since he joined the team in 2016 as a summer intern he's built both the company's machine learning based intent parser "Padatious" and the wakeword spotter "Precise". Matthew brings a commitment to hard work and a burning curiosity to the team.

Michael Nguyen
Software Engineer

Michael Nguyen has been leading Mycroft's efforts to introduce a crowd sourced machine learning solution to improve Mycroft's conversational skills. A recent college graduate, Michael has become a key member of the Mycroft team.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 4 of 8 annual reports (FY2018–FY2025)

1,347 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARApr 29, 20220001685404-22-000001
    EDGAR
  • Form C-UJan 5, 20220001665160-22-000028
    EDGAR
  • Form C/ADec 3, 20210001665160-21-002142
    EDGAR
  • Form C/AOct 13, 20210001665160-21-001801
    EDGAR
  • Form C/AJul 23, 20210001665160-21-001297
    EDGAR
  • Form CJul 22, 20210001665160-21-001291
    EDGAR
  • Form DJun 11, 20210001685404-21-000004
    EDGAR
  • Form C-ARJun 7, 20210001685404-21-000003
    EDGAR
Source: ManualCIK 0001685404Share price $1.70

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.