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Rayton

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Rayton Solar Inc.

Energy & Cleantech · Van Nuys, CA

Evolving the Semiconductor Industry

Post-money valuation
$58.6M
As of Apr 2024 · from RAYTON Preferred Stock 6 · pre-money + amount raised, not a traded price
Total raised
$9,262,347
Across 8 rounds since 2016
Latest share price
$0.50
Reg CF Offering (2024) offering price

Financials

FY2015–FY2023 · from SEC filings · hover any figure for its source
$0
−$1.8M
2016
$0
−$5.7M
2017
$0
−$2.6M
2018
$0
−$439K
2019
$0
−$1.1M
2020
$0
−$643K
2021
$0
−$558K
2022
$0
−$555K
2023
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Income statement
Revenue
$0
$0
$0
$0
$0
$0
$0
$0
$0
Cost of goods sold
$0
$1,830,074
$5,691,669
$0
$0
$0
$0
$0
$0
Net income
-$1,142,303
-$1,835,862
-$5,697,767
-$2,577,297
-$438,785
-$1,061,719
-$642,901
-$558,156
-$555,252
Taxes paid
$800
$800
$0
$800
$0
$2,050
$0
$0
Balance sheet
Cash
$1,106,176
$331,177
$146,166
$0
$11,721
$10,109
$575,168
$1,011
$55,215
Accounts receivable
$0
$0
$0
$0
$34,685
$41,748
$0
$0
$0
Total assets
$1,141,052
$462,618
$1,732,226
$1,488,343
$1,523,161
$1,770,584
$2,769,234
$2,676,187
$2,452,084
Short-term debt
$67,433
$188,761
$248,123
$656,064
$346,934
$835,373
$1,047,440
$845,626
Long-term debt
$150,000
$150,000
$105,305
$576,710
$632,352
$582,813
$9,280
$88,192
$0
Total liabilities
$231,679
$217,433
$294,066
$824,833
$1,288,416
$929,747
$844,653
$1,135,632
$845,626
Other
Headcount
6
3
3
1
1
15
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$50.0M
Valuation cap
$50.0M
Valuation cap
$53.0M
post-money
$57.8M
post-money
$58.6M
post-money
Reg CF Offering (2019)
RaytonOne Round 1
Rayton Stock 3
Reg CF Offering (2022)
RAYTON Preferred Stock 6

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2024)ClosedReg CF · Common Equity · via DEALMAKER SECURITIES LLC
Raised $0 / $1.2M
RAYTON Preferred Stock 6ClosedReg CF · Preferred Equity · via WeFunder
Raised $677K / $4.7MInvestors 604Post-money $58.6M
Reg CF Offering (2022)ClosedReg CF · Common Equity · via StartEngine
Raised $114.9K / $3MInvestors 118Post-money $57.8M
Rayton Stock 3ClosedReg CF · Common Equity · via StartEngine
Raised $2M / $1.1MInvestors 1,956Post-money $53M
Reg CF Offering (2021)WithdrawnReg CF · Common Equity · via StartEngine
Raised $0 / $472.6K
RaytonOne Round 1ClosedReg CF · Convertible Note · via StartEngine
Raised $1.1M / $1.1MInvestors 1,619Valuation cap $50M
Reg CF Offering (2019)ClosedReg CF · Convertible Note · via StartEngine
Raised $37.3K / $1.1MInvestors 29Valuation cap $50M
Reg A Offering (2016)ClosedReg A+ · Equity · via StartEngine
Raised $5.4M / $47M

Team

12 people
Andrew YakubFounder
CEO & Founder

Andrew Yakub is the founder of the Company and has served as its Chief Executive Officer and Chairman of the Board of Directors since October 2013. Prior to Rayton, in September 2009 Andrew founded and has since acted as the Chief Executive Officer of ReGen America, Inc. a producer of commercial and residential solar photovoltaic systems. In that position, he was responsible for the development of over 6 megawatts of solar installations. Named to Forbes’ “30 under 30” list in 2016, Mr. Yakub is a two time clean technology entrepreneur. Mr. Yakub’s experience spans from UCLA’s Particle Beam Physics Lab to NASA’s Jet Propulsion Lab. He holds a Bachelor’s in Physics from UC Santa Barbara.

/s/Andrew Yakub
CEO
Dr. Joshua McNeur
Accelerator Consultant

Dr. Joshua McNeur is the Accelerator and Design Engineer who leads the operation and characterization of Rayton's unique high current ion source. He received his Ph.D. from UCLA, with his research focused on accelerator and charged beam physics. He has over 10 years of experience in designing, characterizing and operating various forms of particle accelerators.

Mingguo Liu
Technology Advisor

Dr. Liu has over 10 years of R&D experience in the solar industry. Prior to Rayton he was the Director of Product Engineering at Arzon Solar (a concentrator photovoltaic technology company) where he led the team to break the world record of solar module efficiency two times. He also has extensive experience in prototyping and manufacturing ramp-up. He obtained his M.S. and Ph.D. in Electrical Engineering from University of Texas at Austin and the University of Virginia.

Carl Nettleton
Advisor

Carl Nettleton heads Nettleton Strategies, a firm specializing in forming complex community coalitions and handling high profile issues involving government, media, business, and neighborhoods. The firm provides critical insight and strategic problem solving for both old and new issues. He serves on the national and California advisory councils for Environmental Entrepreneurs (E2), a national, nonpartisan group of business owners, investors and others who advocate for policies that are good for the economy and good for the environment. Carl also founded OpenOceans Global, an NGO linking people to the world’s oceans. His subject matter expertise includes oceans, all things water, energy, climate, and U.S./Mexico border issues.

Dr. James Rosenzweig
Director

Dr. James Rosenzweig is a UCLA professor, former UCLA Physics and Astronomy Department Chair, and a world-renowned researcher in particle beams with over 500 scientific publications. He has been named a Fellow of the American Physical Society and was awarded the International Free-electron Laser Prize. His expertise in particle beam physics is extremely valuable to the development of the ion-cutting process and high-current proton implanter.

Dr. Mark Goorsky
Director

Dr. Mark Goorsky is a UCLA professor, former UCLA Materials Science Chair, and Rayton’s resident expert in ion implantation, layer transfer, wafer bonding and material integration. Dr. Goorsky received his Ph.D. in Materials Science and Engineering from MIT and continued his postdoctoral fellowship at the IBM T.J. Watson Research Center. Dr. Goorsky’s expertise in materials science and wafer bonding is incredibly crucial to the development of Rayton’s ion-cutting process.

Jeffrey Scheinrock
Advisor

Jeffrey Scheinrock is a distinguished serial entrepreneur lending his talents to Rayton in its investment stage. Jeffrey is the CFO of Originate and the Faculty Director of the Applied Management Research Program and Continuing Lecturer at UCLA Anderson School of Business.

Joshua Rossman
Advisor

Joshua Rossman is a Senior Executive with deep expertise in customer loyalty, analytics and insights with large, Fortune 1000 companies as well as early to mid-stage start-ups. He possesses a strong track record of delivering data-driven business results across large, complex organizations that increase revenue, improve the customer experience, and better align organizational needs. He is a proven and effective leader who is adept at consensus building, influencing, and leading large cross-functional teams through customer-centric culture change.

Show 3 more people
Michael Curtis
Advisor

Michael was the Executive Vice President and third-generation owner of Wilbur Curtis Co., Inc., a 75-year-old foodservice equipment manufacturing company. He is also the Founder, President and owner of World-Wide Advantage, a global sourcing company, and the executive advisory board member for Prime Advantage, a Group Purchasing Organization focused on improving cost considerations for manufacturers. He also is a strategic advisor with North American Foodservice Equipment Manufacturers (NAFEM) and Food Equipment Manufacturers Association (FEMA).

James Rosenzweig
Director
Mark Goorsky
Director

Names and titles as disclosed on SEC Form 1-A, 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 5 of 7 annual reports (FY2019–FY2025)

1,956 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 CAug 13, 20240001104659-24-088574
    EDGAR
  • Form C-ARAug 9, 20240001104659-24-087481
    EDGAR
  • Form 1-UMay 13, 20240001104659-24-060411
    EDGAR
  • Form 1-UApr 29, 20240001104659-24-053619
    EDGAR
  • Form 1-SASep 27, 20230001104659-23-104010
    EDGAR
  • Form C-ARMay 1, 20230001644600-23-000086
    EDGAR
  • Form 1-KMay 1, 20230001104659-23-054032
    EDGAR
  • Form C/AApr 27, 20230001670254-23-000444
    EDGAR
Source: ManualCIK 0001654124DEShare price $0.50

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.