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Pitch Aeronautics

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Pitch Aeronautics Inc.

Software & AI · Boise, ID · Founded 2022

Beyond video: a drone for robotic tasks

Post-money valuation ⓘ
$10.4M
As of Nov 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$3,532,007
Crowd $362K · Private $3.2M · 4 rounds since 2022
Latest share price
$1.81
Reg CF · Common Stock · Jun 2022 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$14K
−$9K
2020
$0
−$7K
2021
$4K
−$107K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 unaudited
FY2022 unaudited
Income statement
Revenue
$13,775
$0
$4,000
Cost of goods sold
$10,822
$0
$0
Gross margin
21%
—
100%
Net income
-$9,086
-$6,523
-$107,033
Taxes paid
$0
$0
$3,188
Balance sheet
Cash
$668
$5,170
$231,427
Accounts receivable
$0
$0
$0
Total assets
$668
$20,473
$266,559
Short-term debt
$8,718
$13,043
$43,850
Long-term debt
$0
$0
$0
Total liabilities
$8,718
$13,043
$43,850
Other
Headcount
—
2
3

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
$10.0M
pre-money
Reg CF · Common · Jun 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Apr 25, 2023

  • lan Gibson2,703,366 Common Stock46.0%of
  • Zachary Adams2,703,366 Common Stock46.0%of

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 $1.9MInvestors 10
Raised $845KInvestors 6
Raised $400KInvestors 7
Raised $362K / $1.1MInvestors 229Post-money $10.4M

Team

10 people
David BennettFounder
CEO

David oversees strategic business development bringing 20 years of industry experience alongside 28 years of Air Force service. He specializes in maturing and fielding new technologies including command and control, cyber, secure datalinks, and remotely piloted aircraft. While working for Scientific Research Corporation David won $2B+ in development contracts. He has acquired 7 SBIRs and STTRs

Ian GibsonFounder
Co-Founder & Business Lead

Ian oversees business operations and provides strategic direction for Pitch. He has significant experience in the defense acquisitions industry-leading multiple U.S. Government advanced technology programs valued in excess of $2B. Ian is a Marshall Scholar. He holds degrees from the U.S. Air Force Academy, The London School of Economics, and The London Business School.

Zachary AdamsFounder
Co-Founder, Chief Engineer & Director

Zach serves as Chief engineer for Pitch. He is recognized as a leading authority on cyclorotor technology. He is the named inventor on multiple cyclorotor patents and has published extensively on the topic. Zachary holds a BS in Aeronautical Engineering from the U.S. Air Force Academy. He obtained a M.S. and Ph.D. in Mechanical Engineering from Purdue as a National Defense Science and Engineering Fellow and performed cyclorotor/cycloturbine research at the Air Force Research Labs. He founded and grew Pitch Aeronautics while serving in the U.S. Air Force as an F-15E Strike Eagle pilot.

Zach AdamsFounder
Chief Technology Officer, Co-Founder, Secretary, Director
Alex Peterson
Mechanical Engineer

Alex started with Pitch as an Undergraduate Intern at Boise State University. As an intern he designed and built the active thermography sensor hardware and led development of a crack width measurment sensor. Alex is currently a graduate student in the robot controls laboratory where his graduate research is focusing on sensor fusion to provide Astria with more precise navigation when near infrastructure and other objects. Alex continues to work at Pitch Aero in paralllel to his graduate studies.

Hugh Sheldon
Mechanical Engineer

Hugh is completing his undergraduate degree in mechanical engineering at Boise State University. He is the president of the Aerospace Club at Boise State where he led avionics and power system desgin for a solar-powered UAV, as well as designed and built several other unique drones. As a mechanical engineering intern Hugh helped design the drone wiring harness, hardware, and facilitated laboratory and flight testing of Astria.

John Chiasson
Technical Advisor - Controls Engineering

Following completion of his doctorate in Controls Engineering at University of Minnesota, Professor Chiasson worked at Boeing Aerospace, Bombardier, and Honeywell as a controls engineer. In 2006 he became a Professor of Electrical Engineering at Boise State University where his research focuses on controls and machine learning. He has written three textbooks on systems modeling, controls, control of electrical machines, and stochastic processes. Professor Chiasson has assisted and guided design of the flight control system on Astria.

Julianna Buzzard
Mechanical Engineer

Julianna is completing her undergraduate degree in Mechanical Engineering from Boise State University (BSU). She is president of the BSU Mechanical Engineering Club where she has led the team to their first ever win at the ASME international competition for the innovation of human powered vehicles. She's an active member of the Society of Women engineers and fluent in American sign language. As an intern Julianna is helping to improve the drone power system, and structures on the drone.

Mansi Bakori
Flight Controls Engineer

Mansi is a flight controls engineer. Put simply, she makes a computer the best pilot in the world. On our team, she has been engineering, designing, and implementing our control systems, giving Astria the ability to fly with precision. Mansi graduated with a M.S. from Embry Riddle University in Unmanned and Autonomous Systems Engineering. Mansi's experimental thesis research was on fault-tolerant flight control systems allowing drones to continue flying in event of a mechanical failure.

Show 1 more person
Yang Lu
Technical Advisor - Concrete Inspection

Professor Lu obtained his doctorate from Virginia Tech in Civil Engineering in 2010 before serving as a post-doctorate researcher at the Natioanl Institutes of Standards and Technology (NIST) in Gaithersburg Maryland. In 2013 he became a professor of Civil Engineering at Boise State University. Prof Lu's research has concentrated on modeling and characterization of concrete, pavement, and other Infrastructure materials. Pitch Aeronautics partnered with Prof Lu on an Idaho IGEM grant in 2020. Prof Lu's research on Active Thermography for concrete informed the design of Astria's Active Thermography sensor payload.

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

229 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 DMay 22, 20260001927423-26-000001
    EDGAR
  • Form DSep 24, 20240001927423-24-000001
    EDGAR
  • Form C-TRApr 5, 20240001665160-24-000308
    EDGAR
  • Form DOct 10, 20230001927423-23-000003
    EDGAR
  • Form C-ARApr 25, 20230001665160-23-000763
    EDGAR
  • Form C-UDec 1, 20220001665160-22-003003
    EDGAR
  • Form C/ASep 16, 20220001665160-22-002423
    EDGAR
  • Form C/AAug 23, 20220001665160-22-002264
    EDGAR
Source: ManualCIK 0001927423DEShare price $1.81

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.